NATURAL RESOURCE PARTNERS LP — Director's Dealing 2012

Oct 2, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NATURAL RESOURCE PARTNERS LP (NRP)
CIK: 0001171486
Period of Report: 2012-10-02

Reporting Person: Adena Minerals, LLC (Director)
Reporting Person: Foresight Reserves, LP (Owns entity w/ director right)
Reporting Person: Insight Resource, LLC (Owns entity w/ director right)
Reporting Person: Cline Resource & Development Co. (Owns entity w/ director right)
Reporting Person: Cline Christopher (10% Owner, Owns entity w/ director right)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-10-02	Common Units	J	6049155	—	Disposed	10596917	Direct

Footnotes

F1: On October 2, 2012, Adena Minerals, LLC ("Adena") effected an in-kind distribution of 6,049,155 common units (the "Distributed Units") to its sole member, Foresight Reserves, L.P. ("Foresight"), for no additional consideration. Foresight immediately thereafter effected an in-kind distribution of all of the Distributed Units to its direct and indirect owners (including the distribution of 1,980,156 of the Distributed Units to Christopher Cline), for no additional consideration.

F2: Adena Minerals, LLC holds 10,596,917 common units of record. Foresight is the sole member of Adena, and Insight Resource, LLC ("Insight") is the general partner of Foresight. Cline Resource and Development Company is the managing member of Insight and Christopher Cline is the sole shareholder and sole director of Cline Resource and Development Company. Accordingly, each of Christopher Cline, Cline Resource and Development Company, Insight, Foresight and Adena are deemed to share voting and dispositive control with over the common units held of record by Adena.