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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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Taylor Brett G.
2. Issuer Name and Ticker or Trading Symbol

Kimbell Royalty Partners, LP [ KRP ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__X__ Director                    _____ 10% Owner
_____ Officer (give title below)    _____ Other (specify below)
(Last)          (First)          (Middle)

777 TAYLOR STREET, SUITE 810
3. Date of Earliest Transaction (MM/DD/YYYY)

8/19/2019
(Street)

FORT WORTH, TX 76102
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common units representing limited partner interests  8/19/2019    P    2860  A $14.65  2860  I  See footnote (1)
Common units representing limited partner interests  8/30/2019    P    1000  A $15.09  3860  I  See footnote (1)
Common units representing limited partner interests  9/3/2019    P    1200  A $14.85  5060  I  See footnote (1)
Common units representing limited partner interests  9/6/2019    P    500  A $14.75  5560  I  See footnote (1)
Common units representing limited partner interests  9/9/2019    P    1500  A $14.75 (2) 7060  I  See footnote (1)
Common units representing limited partner interests  9/10/2019    P    2040  A $14.40 (3) 9100  I  See footnote (1)
Common units representing limited partner interests  9/12/2019    P    3000  A $14.25  215027  D   
Common units representing limited partner interests  9/13/2019    P    4672  A $14.21 (4) 219699  D   
Common units representing limited partner interests                 80092  I  See footnote (5)
Common units representing limited partner interests                 27999  I  See footnote (6)
Common units representing limited partner interests                 10000  I  See footnote (7)
Common units representing limited partner interests                 2172  I  See footnote (8)
Common units representing limited partner interests                 1142  I  See footnote (9)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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)  These common units representing limited parnter interests in Kimbell Royalty Partners, LP ("Common Units") are owned directly by the Billy R. Joyce C. Taylor Trust. The reporting person is a co-trustee of the Billy R. Joyce C. Taylor Trust.
(2)  The price reported in Column 4 is a weighted average price. These Common Units were purchased in multiple transactions at prices ranging from $14.71 to $14.75. The reporting person undertakes to provide to Kimbell Royalty Partners, LP, any security holder thereof, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of Common Units purchased at each separate price within the range set forth in footnote (2) to this Form 4.
(3)  The price reported in Column 4 is a weighted average price. These Common Units were purchased in multiple transactions at prices ranging from $14.38 to $14.40. The reporting person undertakes to provide to Kimbell Royalty Partners, LP, any security holder thereof, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of Common Units purchased at each separate price within the range set forth in footnote (3) to this Form 4.
(4)  The price reported in Column 4 is a weighted average price. These Common Units were purchased in multiple transactions at prices ranging from $14.20 to $14.25. The reporting person undertakes to provide to Kimbell Royalty Partners, LP, any security holder thereof, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of Common Units purchased at each separate price within the range set forth in footnote (4) to this Form 4.
(5)  These Common Units are owned directly by the Brett G. Taylor Royalty Trust. The reporting person is the sole trustee and sole beneficiary of the Brett G. Taylor Royalty Trust.
(6)  These Common Units are owned directly by BGT Minerals, LLC. The reporting person is the sole member of BGT Minerals, LLC.
(7)  These Common Units are owned directly by Kimbell GP Holdings, LLC. The reporting person is the sole member of BGT Investments LLC, a member of Kimbell GP Holdings, LLC.
(8)  These Common Units are owned directly by BRD Royalty Holdings LLC. The reporting person is the sole member of BRD Royalty Holdings LLC.
(9)  These Common Units are owned directly by Neuhoff-Taylor Royalty Company. The reporting person is a general partner of Neuhoff-Taylor Royalty Company.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Taylor Brett G.
777 TAYLOR STREET, SUITE 810
FORT WORTH, TX 76102
X



Signatures
/s/ Matthew S. Daly, Attorney-in-Fact 9/17/2019
**Signature of Reporting Person Date


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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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.
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