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If the form is filed by more than one reporting person, see Instruction 5(b)(v). |
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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 Murray Stahl. |
(3) |
Represents shares of Common Stock held by Murray Stahl's spouse. |
(4) |
The amount of common shares of the Issuer reported herein excludes shares held by partnerships and other accounts in which Mr. Stahl has a non-controlling interest and does not exercise investment discretion. These accounts are managed by Horizon Kinetics Asset Management LLC ("Horizon"), in which Mr. Stahl serves as Chairman, Chief Executive Officer and Chief Investment Officer but does not participate in investment decisions with respect to the securities of the Issuer. Horizon separately reports its position and transactions in the securities of the Issuer on Forms 4 and Schedule 13D. Mr. Stahl disclaims beneficial ownership in any of the accounts managed by Horizon except to the extent of his pecuniary interest. |