XNYS:NRP Natural Resources Partners LP Insider Activity 4 Filing - 10/2/2012

Effective Date 10/2/2012

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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
Adena Minerals, LLC
  2. Issuer Name and Ticker or Trading Symbol
NATURAL RESOURCE PARTNERS LP [NRP]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
C/O CLINE RESOURCE AND DEVELOPMENT COMP, 3801 PGA BOULEVARD, SUITE 903
3. Date of Earliest Transaction (Month/Day/Year)
10/02/2012
(Street)

PALM BEACH GARDENS, FL 33410
4. If Amendment, Date Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Units 10/02/2012   J(1)   6,049,155 D $ 0 10,596,917 D(2)  

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Adena Minerals, LLC
C/O CLINE RESOURCE AND DEVELOPMENT COMP
3801 PGA BOULEVARD, SUITE 903
PALM BEACH GARDENS, FL 33410
  X      
Foresight Reserves, LP
C/O CLINE RESOURCE AND DEVELOPMENT COMP
3801 PGA BOULEVARD, SUITE 903
PALM BEACH GARDENS, FL 33410
      Owns entity w/ director right
Insight Resource, LLC
C/O CLINE RESOURCE AND DEVELOPMENT COMP
3801 PGA BOULEVARD, SUITE 903
PALM BEACH GARDENS, FL 33410
      Owns entity w/ director right
Cline Resource & Development Co.
C/O CLINE RESOURCE AND DEVELOPMENT COMP
3801 PGA BOULEVARD, SUITE 903
PALM BEACH GARDENS, FL 33410
      Owns entity w/ director right
Cline Christopher
C/O CLINE RESOURCE AND DEVELOPMENT COMP
3801 PGA BOULEVARD, SUITE 903
PALM BEACH GARDENS, FL 33410
    X   Owns entity w/ director right

Signatures

 /s/ Christopher Cline, Authorized Representative   10/02/2012
** Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) 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.
(2) 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.
 
Remarks:
Adena may be deemed to be a director for purposes of this Form by virtue of its right to nominate two directors to the board of GP Natural Resource Partners LLC, the general partner of NRP (GP) LP, which is the general partner of Natural Resource Partners LP.

The distribution of 1,980,156 common units to Christopher Cline is reflected on a Form 4 filed by Mr. Cline on 10/02/2012.

Adena Minerals, LLC
By: Foresight Reserves, L.P., its Managing Member
By: Insight Resources, LLC, its General Partner
By: Cline Resource and Development Company, its Managing Member

/s/ Christopher Cline,

Foresight Reserves, L.P. 
By: Insight Resources, LLC, its General Partner 
By: Cline Resource and Development Company, its Managing Member 

/s/ Christopher Cline

Insight Resources, LLC, its General Partner 
By: Cline Resource and Development Company, its Managing Member 

/s/ Christopher Cline

Cline Resource and Development Company 

/s/ Christopher Cline

Christopher Cline

/s/ Christopher Cline

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XNYS:NRP Natural Resources Partners LP Insider Activity 4 Filling

Natural Resources Partners LP XNYS:NRP Stock - Get Insider Activity SEC Filing of Natural Resources Partners LP XNYS:NRP stocks, including company profile, shares outstanding, strategy, business segments, operations, officers, consolidated financial statements, financial notes and ownership information.

XNYS:NRP Natural Resources Partners LP Insider Activity 4 Filing - 10/2/2012
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