Statement of Changes in Beneficial Ownership (4)
March 05 2020 - 5:35PM
Edgar (US Regulatory)
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
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3235-0287
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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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1. Name and Address of Reporting Person
*
Rochelle Martha |
2. Issuer Name and Ticker or Trading Symbol
DORCHESTER MINERALS, L.P.
[
DMLP
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below)
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(Last)
(First)
(Middle)
3838 OAK LAWN AVE, SUITE 300 |
3. Date of Earliest Transaction
(MM/DD/YYYY)
3/3/2020 |
(Street)
DALLAS, TX 75219
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Units | 3/3/2020 | | S | | 14600 | D | $14.90 (1) | 48744 (3) | I | See footnote (4)(5) |
Common Units | 3/4/2020 | | S | | 5400 | D | $14.69 (2) | 43344 (3) | I | See footnote (4)(5) |
Common Units | 3/4/2020 | | S | | 5000 | D | $14.70 | 38344 (3) | I | See footnote (4)(5) |
Common Units | 3/4/2020 | | S | | 5000 | D | $14.60 | 33344 (3) | I | See footnote (4)(5) |
Common Units | | | | | | | | 358486 (3) | I | See footnote (6) |
Common Units | | | | | | | | 437546 (3) | I | See footnote (5)(7) |
Common Units | | | | | | | | 64174 (3) | I | See footnote (8) |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. 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 | 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 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 |
Explanation of Responses: |
(1) | The price reported in Column 4 is a weighted average price. These Common Units were sold in multiple transactions at prices ranging from $14.90 to $14.915, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of Common Units sold at each separate price within the ranges set forth in footnotes (1) and (2) to this Form 4. |
(2) | The price reported in Column 4 is a weighted average price. These Common Units were sold in multiple transactions at prices ranging from $14.65 to $14.90, inclusive. |
(3) | The reporting person disclaims beneficial ownership of these securities except to the extent of her pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for Section 16 or any other purpose. |
(4) | These common units are owned directly by The Peak Revocable Living Trust (the "Peak Trust"). The reporting person is a trustee of the trust. |
(5) | On February 21, 2020, 64,344 Common Units were distributed to the Peak Trust by HighPoint 435 Family LP ("HighPoint") in a transaction exempt from reporting pursuant to Rule 16a-13. |
(6) | These Common Units are owned directly by the Martha Ann Peak A Trust, of which the reporting person is the trustee and beneficiary. |
(7) | These Common Units are owned directly by HighPoint. The reporting person is a Co-Manager of 425PAP, LLC, the general partner of HighPoint. |
(8) | These Common Units are owned directly by the MARI Trust, of which the reporting person is the trustee and beneficiary. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Rochelle Martha 3838 OAK LAWN AVE SUITE 300 DALLAS, TX 75219 | X |
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Signatures
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/s/ Martha Rochelle | | 3/5/2020 |
**Signature of Reporting Person | Date |
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