UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES 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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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | SEC 1473 (7-02) | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. |
1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
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Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
OLIVER ERIC L 400 PINE STREET SUITE 1010 ABILENE, TX 79601 |
X |
/s/ Eric L. Oliver | 01/11/2021 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 5(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 January 11, 2021, in accordance with the plan of corporate reorganization approved on March 20, 2020 by the Trustees of Texas Pacific Land Trust (the "Trust") to reorganize the Trust into Texas Pacific Land Corporation, a wholly owned subsidiary of the Trust (the "Issuer"), the Trust distributed all of the shares of common stock, par value $0.01, of the Issuer to holders of sub-share certificates in certificates of proprietary interest, par value of $0.03-1/3, of the Trust, on a pro rata basis in accordance with their interests in the Trust, and for no additional consideration (the "Corporate Reorganization"). The Corporate Reorganization did not alter the proportionate interests of security holders. |
(2) | Represents shares of Common Stock held by Eric L. Oliver. |
(3) | Represents shares of Common Stock held by SoftVest, L.P., a Delaware limited partnership ("SoftVest LP"). The general partner of SoftVest LP is SoftVest GP I, LLC, a Delaware limited liability company ("SV GP"). SoftVest Advisors, LLC, a Delaware limited liability company ("SoftVest Advisors") is investment manager of SoftVest LP. Mr. Oliver is the managing member of SV GP. SoftVest LP, SoftVest Advisors and Mr. Oliver may be deemed to share voting and dispositive power with respect to such shares of Common Stock. Mr. Oliver disclaims beneficial ownership of the 130,500 shares of Common Stock held by SoftVest LP for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), except for his pecuniary interest therein. |
(4) | Represents shares of Common Stock held by trusts administered for the benefit of Mr. Oliver's grandchildren. Mr. Oliver has sole voting and dispositive power with respect to such shares of Common Stock. Mr. Oliver disclaims any pecuniary interest in such shares of Common Stock. |
(5) | Represents shares of Common Stock owned by Debeck LLC and Debeck Properties LP, which Mr. Oliver controls. Mr. Oliver has sole voting and dispositive power with respect to such shares of Common Stock, but Mr. Oliver disclaims any pecuniary interest therein. |
Remarks: None of SoftVest LP, SV GP or SoftVest Advisors shall be deemed a director by deputization or subject to Section 16 of the Exchange Act. |