NATURAL RESOURCE PARTNERS LP — Director's Dealing 2015

Mar 9, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NATURAL RESOURCE PARTNERS LP (NRP)
CIK: 0001171486
Period of Report: 2015-03-09

Reporting Person: Zolas Christopher (Chief Accounting Officer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-03-09	Phantom Units	$	A	6000	Acquired	2016-02-14	Common Units (6000)	Direct
2015-03-09	Phantom Units	$	A	6500	Acquired	2017-02-13	Common Units (6500)	Direct
2015-03-09	Phantom Units	$	A	8000	Acquired	2018-02-12	Common Units (8000)	Direct
2015-03-09	Phantom Units	$	A	9500	Acquired	2019-02-11	Common Units (9500)	Direct

Footnotes

F1: The phantom units were originally granted to the reporting person under the issuer's long term incentive plan.

F2: The phantom units will be paid in cash based on the average closing price of the common units for the 20 trading days immediately preceding the date of vesting.

F3: Award includes tandem distribution equivalent rights pursuant to which the quarterly distributions paid by the partnership on each unit will be accrued over the vesting period and paid on vesting.