Barings BDC, Inc. — Director's Dealing 2018

Nov 1, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Barings BDC, Inc. (BBDC)
CIK: 0001379785
Period of Report: 2018-11-01

Reporting Person: BARINGS LLC (10% Owner, Investment Adviser)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-11-01	Common Stock ("Shares")	P	48100.0000	$10.1234	Acquired	10270980.0000	Direct

Footnotes

F1: The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 Trading Plan adopted by the Reporting Person in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended.

F2: The price reported represents the average purchase price on the Transaction Date. Actual purchase prices ranged from $10.04 to $10.18. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effected.