NATURAL RESOURCE PARTNERS LP — Director's Dealing 2011

Jun 10, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NATURAL RESOURCE PARTNERS LP (NRP)
CIK: 0001171486
Period of Report: 2011-06-09

Reporting Person: MORIAN S REED (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-06-09	Common Units	J	192876	—	Acquired	2091991	Direct
2011-06-09	Common Units	J	259596	—	Acquired	600972	Indirect
2011-06-09	Common Units	J	233083	—	Acquired	3044937	Indirect

Footnotes

F1: Mr. Morian acquired these units as a result of a distribution of units out of NRP Investment L.P., in which Mr. Morian is a minority limited partner.

F2: MOCOL Properties, L.P. acquired these units as a result of a distribution of units out of Great Northern Properties Limited Partnership, in which MOCOL Properties, L.P. is a minority limited partner, Mr. Morian is the controlling partner of MOCOL Properties, L.P. Mr. Morian disclaims beneficial ownership of the units held by MOCOL Properties, L.P., except to the extent of his pecuniary interest therein.

F3: Shadder Investments, Inc. acquired these units as a result of a distribution of units out of Western Pocahontas Properties Limited Partnership, in which Shadder Investments, Inc. is a minority limited partner, Mr. Morian is the controlling shareholder of Shadder Investment, Inc. Mr. Morian disclaims beneficial ownership of the units held by Shadder Investments, Inc., except to the extent of his pecuniary interest therein.