SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
Ravnaas Robert Davis

(Last) (First) (Middle)
777 TAYLOR STREET, SUITE 810

(Street)
FORT WORTH TX 76102

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Kimbell Royalty Partners, LP [ KRP ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
President and CFO
3. Date of Earliest Transaction (Month/Day/Year)
02/08/2017
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
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 representing limited partner interests 02/08/2017 P(1) 9,180 A (1) 9,180 I See footnote(2)
Common units representing limited partner interests 02/08/2017 P(1) 7,466 A (1) 7,466 I See footnote(3)
Common units representing limited partner interests 02/08/2017 P(1) 4,375 A (1) 4,375 I See footnote(4)
Common units representing limited partner interests 02/08/2017 P(1) 684 A (1) 684 I See footnote(5)
Common units representing limited partner interests 02/08/2017 P(1) 52 A (1) 52 I See footnote(6)
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 Securities Underlying Derivative Security (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: 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
Explanation of Responses:
1. Such common units representing limited partner interests (the "Common Units") in Kimbell Royalty Partners, LP (the "Issuer") were received in connection with the closing of the initial public offering of the Common Units in exchange for the contribution of certain assets to the Issuer, pursuant to that certain Contribution, Conveyance, Assignment and Assumption Agreement, dated as of December 20, 2016, by and between the Issuer and the other parties thereto.
2. These securities are owned directly by Westside Energy LLC. The reporting person is a member of Westside Energy LLC.
3. These securities are owned directly by Rivercrest Royalties Holdings, LLC. The reporting person is a member of Westside Energy LLC, a member of Rivercrest Royalties Holdings, LLC.
4. These securities are owned directly by BGT Royalty Partners, LP. The reporting person is a member of Westside Energy LLC, which is both (i) a limited partner of BGT Royalty Partners, LP and (ii) a member of Rivercrest Royalties II, LLC, a limited partner of BGT Royalty Partners, LP.
5. These securities are owned directly by Princeton Royalties, LLC. The reporting person is a member of Westside Energy LLC, a member of Princeton Royalties, LLC.
6. These securities are owned directly by RCPTX Holdings Genpar, LLC. The reporting person is a member of Westside Energy LLC, which is both (i) a limited partner of BGT Royalty Partners, LP and (ii) a member of Rivercrest Royalties II, LLC, a limited partner of BGT Royalty Partners, LP. BGT Royalty Partners, LP is the sole member of RCPTX Holdings Genpar, LLC.
/s/ Matthew S. Daly, Attorney-in-Fact 02/09/2017
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
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