Exhibit 99.1
SECURITY HOLDINGS OF PARTICIPANTS
The following table sets forth information as to equity securities (Certificates of Proprietary Interest and Sub-share Certificates) beneficially owned directly or indirectly by the Trustees, nominees for trustee, and executive officers of Texas Pacific Land Trust, naming them individually and as a group, as of March 22, 2019. The percentage of beneficial ownership shown in the following table is based on 7,756,156 Sub-share Certificates outstanding as of March 22, 2019.
Title and Class(1) | Name of Beneficial Owner | Amount and Nature of Ownership on March 25, 2019 | Percent of Class | ||||||
Sub-share certificates | John R. Norris III | 1,000 | * | ||||||
Sub-share certificates | David E. Barry | 300 | * | ||||||
Sub-share certificates | Preston H. Young | -- | -- | ||||||
Sub-share certificates | Tyler Glover | 100 | * | ||||||
Sub-share certificates | Robert J. Packer | 200 | * | ||||||
Sub-share certificates | All Trustees and Officers as a Group | 1,600 | * |
* | Indicates ownership of less than 1% of the class. | |
(1) | The Certificates of Proprietary Interest and Sub-share Certificates are freely interchangeable in the ratio of one Certificate of Proprietary Interest for 3,000 Sub-shares or 3,000 Sub-shares for one Certificate of Proprietary Interest, and are deemed to constitute a single class. On March 22, 2019, no Trustee or executive officer was the beneficial owner, directly or indirectly, of any Certificates of Proprietary Interest. |