BLACK HILLS CORP /SD/ — Director's Dealing 2010

Feb 3, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BLACK HILLS CORP /SD/ (BKH)
CIK: 0001130464
Period of Report: 2010-02-01

Reporting Person: WHITE KYLE D (VP REGULATORY & GOVT AFFAIRS)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-12-31	Common Stock	J	123.724	—	Acquired	1909.870	Indirect
2009-12-31	Common Stock	J	443.018	—	Acquired	16967.699	Direct
2010-02-01	Common Stock	A	1915	—	Acquired	18882.699	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	90	Indirect

Footnotes

F1: Shares acquired through Dividend Reinvestment under the Company's 401(k) Plan.

F2: Shares acquired through the Company's Dividend Reinvestment Plan.

F3: Shares acquired through a Restricted Stock Grant under the Company's Omnibus Incentive Compensation Plan.