X0303 4 2011-02-02 0 0000784011 POPE RESOURCES LTD PARTNERSHIP POPE 0001211396 NORBERG DOUGLAS E C/O POPE RESOURCES 19245 TENTH AVE NE POULSBO WA 98370 1 0 0 0 Partner Unit Option (Right to Buy) 2011-02-02 4 M 0 317 39.1525 A 35151 D Partner Unit Option (Right to Buy) 2011-02-02 4 M 0 672 39.1525 A 35823 D Partner Unit Option (Right to Buy) 2011-02-02 4 M 0 9000 39.1525 A 44823 D Partner Unit Option (Right to Buy) 2011-02-02 4 M 0 994 39.1525 A 45817 D Partner Unit Option (Right to Buy) 2011-02-02 4 M 0 318 39.1525 A 46135 D Partner Unit Option (Right to Buy) 2011-02-02 4 M 0 365 39.1525 A 46500 D Partner Unit Option (Right to Buy) 2011-02-02 4 M 0 810 39.1525 A 47310 D Partner Unit Option (Right to Buy) 2011-02-02 4 M 0 670 39.1525 A 47980 D Partner Unit Option (Right to Buy) 2011-02-02 4 M 0 761 39.1525 A 48741 D Partner Unit Option (Right to Buy) 2011-02-02 4 M 0 830 39.1525 A 49571 D Partner Unit Option (Right to Buy) 2011-02-02 4 M 0 775 39.1525 A 50346 D Partner Unit Option (Right to Buy) 2011-02-02 4 M 0 741 39.1525 A 51087 D Partner Unit Option (Right to Buy) 2011-02-02 4 M 0 609 39.1525 A 51696 D Partner Unit Option (Right to Buy) 2011-02-02 4 M 0 1780 39.1525 A 53476 D Partner Unit Option (Right to Buy) 2011-02-02 4 M 0 799 39.1525 A 54275 D Partner Unit Option (Right to Buy) 2011-02-02 4 M 0 666 39.1525 A 54941 D Partner Unit Option (Right to Buy) 2011-02-02 4 M 0 581 39.1525 A 55522 D Partner Unit Option (Right to Buy) 2011-02-02 4 M 0 567 39.1525 A 56089 D Partner Unit Option (Right to Buy) 2011-02-02 4 M 0 562 39.1525 A 56651 D Partner Unit Option (Right to Buy) 2011-02-02 4 M 0 537 39.1525 A 57188 D Partner Unit Option (Right to Buy) 2011-02-02 4 M 0 498 39.1525 A 57686 D Partner Unit Option (Right to Buy) 2011-02-02 4 M 0 450 39.1525 A 58136 D Partner Unit Option (Right to Buy) 2011-02-02 4 M 0 391 39.1525 A 58527 D Partner Unit Option (Right to Buy) 2011-02-02 4 M 0 339 39.1525 A 58866 D Partner Unit Option (Right to Buy) 2011-02-02 4 M 0 336 39.1525 A 59202 D Partner Unit Option (Right to Buy) 2011-02-02 4 M 0 584 39.1525 A 59786 D Partner Unit Option (Right to Buy) 2011-02-02 4 M 0 298 39.1525 A 60084 D Partner Unit Option (Right to Buy) 2011-02-02 4 M 0 283 39.1525 A 60367 D Partner Unit Option (Right to Buy) 2011-02-02 4 M 0 245 39.1525 A 60612 D Partner Unit Option (Right to Buy) 2011-02-02 4 M 0 292 39.1525 A 60904 D Partner Unit Option (Right to Buy) 14.75 2011-02-02 4 M 0 317 0 D 2002-01-01 2012-01-01 Partner Unit Option (Right to Buy) 317 28357 D Partner Unit Option (Right to Buy) 13.98 2011-02-02 4 M 0 336 0 D 2002-02-01 2012-02-01 Partner Unit Option (Right to Buy) 336 28021 D Partner Unit Option (Right to Buy) 13.98 2011-02-02 4 M 0 336 0 D 2002-03-01 2012-02-01 Partner Unit Option (Right to Buy) 336 27685 D Partner Unit Option (Right to Buy) 12.51 2011-02-02 4 M 0 9000 0 D 2002-03-20 2012-03-20 Partner Unit Option (Right to Buy) 9000 18685 D Partner Unit Option (Right to Buy) 12.2 2011-02-02 4 M 0 373 0 D 2002-04-01 2012-04-01 Partner Unit Option (Right to Buy) 373 18312 D Partner Unit Option (Right to Buy) 14.6 2011-02-02 4 M 0 318 0 D 2002-05-01 2012-05-01 Partner Unit Option (Right to Buy) 318 17994 D Partner Unit Option (Right to Buy) 12.75 2011-02-02 4 M 0 365 0 D 2002-06-01 2012-06-01 Partner Unit Option (Right to Buy) 365 17629 D Partner Unit Option (Right to Buy) 12.5 2011-02-02 4 M 0 397 0 D 2002-07-01 2012-07-01 Partner Unit Option (Right to Buy) 397 17232 D Partner Unit Option (Right to Buy) 12.5 2011-02-02 4 M 0 413 0 D 2002-08-01 2012-08-01 Partner Unit Option (Right to Buy) 413 16819 D Partner Unit Option (Right to Buy) 12.2 2011-02-02 4 M 0 621 0 D 2002-09-01 2012-09-01 Partner Unit Option (Right to Buy) 621 16198 D Partner Unit Option (Right to Buy) 11.55 2011-02-02 4 M 0 670 0 D 2002-10-01 2012-10-01 Partner Unit Option (Right to Buy) 670 15528 D Partner Unit Option (Right to Buy) 10.4 2011-02-02 4 M 0 761 0 D 2002-11-01 2012-11-01 Partner Unit Option (Right to Buy) 761 14767 D Partner Unit Option (Right to Buy) 9.3 2011-02-02 4 M 0 830 0 D 2002-12-01 2012-12-01 Partner Unit Option (Right to Buy) 830 13937 D Partner Unit Option (Right to Buy) 10.14 2011-02-02 4 M 0 775 0 D 2003-01-01 2013-01-01 Partner Unit Option (Right to Buy) 775 13162 D Partner Unit Option (Right to Buy) 10.25 2011-02-02 4 M 0 741 0 D 2003-02-01 2013-02-01 Partner Unit Option (Right to Buy) 741 12421 D Partner Unit Option (Right to Buy) 12.25 2011-02-02 4 M 0 609 0 D 2003-03-01 2013-03-01 Partner Unit Option (Right to Buy) 609 11812 D Partner Unit Option (Right to Buy) 9.5 2011-02-02 4 M 0 842 0 D 2003-04-01 2013-04-01 Partner Unit Option (Right to Buy) 842 10970 D Partner Unit Option (Right to Buy) 9.5 2011-02-02 4 M 0 938 0 D 2003-05-01 2013-05-01 Partner Unit Option (Right to Buy) 938 10032 D Partner Unit Option (Right to Buy) 11 2011-02-02 4 M 0 799 0 D 2003-06-01 2013-06-01 Partner Unit Option (Right to Buy) 799 9233 D Partner Unit Option (Right to Buy) 12 2011-02-02 4 M 0 666 0 D 2003-07-01 2013-07-01 Partner Unit Option (Right to Buy) 666 8567 D Partner Unit Option (Right to Buy) 12.3 2011-02-02 4 M 0 581 0 D 2003-08-01 2013-08-01 Partner Unit Option (Right to Buy) 581 7986 D Partner Unit Option (Right to Buy) 13.14 2011-02-02 4 M 0 567 0 D 2003-09-01 2013-09-01 Partner Unit Option (Right to Buy) 567 7419 D Partner Unit Option (Right to Buy) 13.7 2011-02-02 4 M 0 562 0 D 2003-10-01 2013-10-01 Partner Unit Option (Right to Buy) 562 6857 D Partner Unit Option (Right to Buy) 13.6 2011-02-02 4 M 0 537 0 D 2003-11-01 2013-11-01 Partner Unit Option (Right to Buy) 537 6320 D Partner Unit Option (Right to Buy) 14.3 2011-02-02 4 M 0 498 0 D 2003-12-01 2013-12-01 Partner Unit Option (Right to Buy) 498 5822 D Partner Unit Option (Right to Buy) 15.35 2011-02-02 4 M 0 450 0 D 2004-01-02 2014-01-02 Partner Unit Option (Right to Buy) 450 5372 D Partner Unit Option (Right to Buy) 17.51 2011-02-02 4 M 0 391 0 D 2004-02-02 2014-02-02 Partner Unit Option (Right to Buy) 391 4981 D Partner Unit Option (Right to Buy) 17.73 2011-02-02 4 M 0 339 0 D 2004-03-01 2014-03-01 Partner Unit Option (Right to Buy) 339 4642 D Partner Unit Option (Right to Buy) 17.75 2011-02-02 4 M 0 336 0 D 2004-04-01 2014-04-01 Partner Unit Option (Right to Buy) 336 4306 D Partner Unit Option (Right to Buy) 19.55 2011-02-02 4 M 0 290 0 D 2004-05-01 2014-05-01 Partner Unit Option (Right to Buy) 290 4016 D Thomas M. Ringo Power of Attorney for Douglas E. Norberg 2011-02-03