ALLIANCE RESOURCE PARTNERS LP — Director's Dealing 2017

Aug 1, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ALLIANCE RESOURCE PARTNERS LP (ARLP)
CIK: 0001086600
Period of Report: 2017-07-28

Reporting Person: CRAFT JOSEPH W III (Director, President and Chief Executive, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-07-28	Common Unit	J	56100000	—	Acquired	87188338	Indirect
2017-07-28	Common Unit	J	7181	—	Acquired	7181	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Unit	357452	Direct
Common Unit	2000	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Phantom unit	$		Common unit (201103)	201103	Direct

Footnotes

F1: 1 for 1

F2: The Phantom units are to be settled in ARLP common units upon the reporting person's death or termination.

F3: Not applicable

F4: On July 28, 2017, (i) Alliance Resource Management GP, LLC ("MGP") contributed to Alliance Resource Partners, L.P. ("ARLP") all of its incentive distribution rights representing non-voting interests in ARLP together with its 0.99% general partner interest in ARLP in exchange for a non-economic general partner interest in ARLP and 56,100,000 common units representing limited partner interests in ARLP, and (ii) Alliance Resource GP, LLC ("SGP") contributed to ARLP its 0.01% general partner interest in ARLP and its 0.01% general partner interest in Alliance Resource Operating Partners, L.P. in exchange for 7,181 common units of ARLP. MGP then distributed its 56,100,000 common units of ARLP to its sole member MGP II, LLC ("MGP II").

F5: Mr. Craft indirectly wholly owns Alliance GP, LLC, the general partner of AHGP, which wholly owns MGP II and directly owns 31,088,338 common units of ARLP. Mr. Craft and Kathleen S. Craft jointly own SGP. Mr. Craft disclaims beneficial ownership of the common units of ARLP held by AHGP, MGP II and SGP except to the extent of his pecuniary interest therein.