X0304 4 2012-03-17 0 0000784011 POPE RESOURCES LTD PARTNERSHIP POPE 0001211394 RINGO THOMAS M C/O POPE RESOURCES 19245 TENTH AVE NE POULSBO WA 98370 0 1 0 0 VP & Chief Financial Officer Restricted Units 2012-03-17 4 D 0 119 43.88 D 36119 D The amount shown in Column 4 represents units transferred to issuer pursuant to Rule 16.b.3 in respect to payment of withholding taxes as permitted by the plan administrator. Thomas M. Ringo 2012-03-20