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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1565146	Gulf Coast Ultra Deep Royalty Trust	GULTU	()	DE

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1479058	Mount Kellett Capital Management Lp	1345 Avenue Of The Americas 46Th Floor New York NY 10105		No	No	Yes	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Royalty Trust Units	Disposition	2016-09-26	250,000	$0.07	27,872,743	No	4	S	Indirect	See Footnotes

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	See Footnotes

Footnotes

The price of $0.0709 is the average price per Royalty Trust Unit of all Royalty Trust Units sold on September 26, 2016. The price per Royalty Trust Unit ranged from $0.07 to $0.073. The reporting person hereby undertakes to provide full information regarding the number of shares and prices at which the transactions were effected upon request to the SEC staff, the issuer, or a security holder of the issuer.
The royalty trust units (the "Royalty Trust Units") of Gulf Coast Ultra Deep Royalty Trust, a Delaware statutory trust, are held by certain funds and managed accounts affiliated with Mount Kellett Capital Management LP, a Delaware limited partnership (the "Reporting Person").
The Reporting Person's interest in the Royalty Trust Units reported herein is limited to its pecuniary interest, if any, in such Royalty Trust Units.