BARNWELL INDUSTRIES INC — Director's Dealing 2020

Feb 5, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BARNWELL INDUSTRIES INC (BRN)
CIK: 0000010048
Period of Report: 2020-01-31

Reporting Person: SHERWOOD NED L (10% Owner)
Reporting Person: MRMP Managers LLC (10% Owner)
Reporting Person: Ned L. Sherwood Revocable Trust (Group Member)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-01-31	Common Stock, par value $0.50 per share	P	36739	$0.8027	Acquired	1000211.138	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, par value $0.50 per share	238038	Indirect

Footnotes

F1: Shares are held by MRMP-Managers LLC, of which Mr. Sherwood is Chief Investment Officer. Mr. Sherwood disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.

F2: Shares are held by the Ned L. Sherwood Revocable Trust, of which Mr. Sherwood is the sole trustee and beneficiary. Mr. Sherwood disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.

F3: The price reported represents a weighted average price. These shares were purchased in multiple transactions at prices ranging from $0.75 and $0.85 per share. The Reporting Persons undertake to provide to the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price.