<SEC-DOCUMENT>0001567619-23-003207.txt : 20230216
<SEC-HEADER>0001567619-23-003207.hdr.sgml : 20230216
<ACCEPTANCE-DATETIME>20230216172540
ACCESSION NUMBER:		0001567619-23-003207
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20230215
FILED AS OF DATE:		20230216
DATE AS OF CHANGE:		20230216

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Zolas Christopher
		CENTRAL INDEX KEY:			0001635057

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-31465
		FILM NUMBER:		23639474

	MAIL ADDRESS:	
		STREET 1:		601 JEFFERSON STREET
		STREET 2:		SUITE 3600
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77002

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NATURAL RESOURCE PARTNERS LP
		CENTRAL INDEX KEY:			0001171486
		STANDARD INDUSTRIAL CLASSIFICATION:	BITUMINOUS COAL & LIGNITE SURFACE MINING [1221]
		IRS NUMBER:				352164875
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		1201 LOUISIANA STREET, SUITE 3400
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77002
		BUSINESS PHONE:		713-751-7507

	MAIL ADDRESS:	
		STREET 1:		1201 LOUISIANA STREET, SUITE 3400
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77002
</SEC-HEADER>
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<SEQUENCE>1
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<DESCRIPTION>FORM 4
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        <issuerName>NATURAL RESOURCE PARTNERS LP</issuerName>
        <issuerTradingSymbol>NRP</issuerTradingSymbol>
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            <rptOwnerName>Zolas Christopher</rptOwnerName>
        </reportingOwnerId>
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            <rptOwnerStreet1>1415 LOUISIANA STREET</rptOwnerStreet1>
            <rptOwnerStreet2>SUITE 3325</rptOwnerStreet2>
            <rptOwnerCity>HOUSTON</rptOwnerCity>
            <rptOwnerState>TX</rptOwnerState>
            <rptOwnerZipCode>77002</rptOwnerZipCode>
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            <otherText></otherText>
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    <footnotes>
        <footnote id="F1">Common units were issued upon conversion of phantom units previously awarded under the issuer's long-term incentive plan (&quot;LTIP&quot;) as  further described in notes (2), (3) and (4) below.</footnote>
        <footnote id="F2">Phantom units representing the right to receive common units on a one-for-one basis, together with tandem distribution equivalent rights, were awarded in February 2020 under the issuer's LTIP.   One-third of the phantom units vested on the third anniversary of the grant date and converted into common units on the reporting date.  Accrued quarterly distributions made during the vesting period were paid in cash to the reporting person on the reporting date.</footnote>
        <footnote id="F3">Phantom units representing the right to receive common units on a one-for-one basis, together with tandem distribution equivalent rights, were awarded in February 2021 under the issuer's LTIP.   One-third of the phantom units vested on the second anniversary of the grant date and converted into common units on the reporting date.  Accrued quarterly distributions made during the vesting period were paid in cash to the reporting person on the reporting date.  The remaining phantom units under the 2021 award will vest on the third anniversary of the grant date.</footnote>
        <footnote id="F4">Phantom units representing the right to receive common units on a one-for-one basis, together with tandem distribution equivalent rights, were awarded in February 2022 under the issuer's LTIP.   One-third of the phantom units vested on the first anniversary of the grant date and converted into common units on the reporting date.  Accrued quarterly distributions made during the vesting period were paid in cash to the reporting person on the reporting date.  The remaining phantom units under the 2022 award will vest in substantially equal installments on the second and third anniversaries of the grant date.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Christopher Zolas</signatureName>
        <signatureDate>2023-02-16</signatureDate>
    </ownerSignature>
</ownershipDocument>
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</DOCUMENT>
</SEC-DOCUMENT>
