BLACK HILLS CORP /SD/ — Director's Dealing 2019

Dec 3, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BLACK HILLS CORP /SD/ (BKH)
CIK: 0001130464
Period of Report: 2019-08-30

Reporting Person: MILLS STEVEN RICHARD (N/A)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-08-30	Phantom Stock Unit	$	A	336.2367	Acquired		Common Stock (336.2367)	Indirect
2019-09-03	Phantom Stock Unit	$	A	88.3380	Acquired		Common Stock (88.3380)	Indirect
2019-11-29	Phantom Stock Unit	$	A	342.8236	Acquired		Common Stock (342.8236)	Indirect
2019-12-02	Phantom Stock Unit	$	A	98.7444	Acquired		Common Stock (98.7444)	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	13127.3182	Direct

Footnotes

F1: 1 for 1 conversion ratio

F2: Derivative security is exercisable upon retirement under terms of the agreement.

F3: Derivative security expires upon retirement under terms of the agreement.