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

Sep 4, 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: Vering John B (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-09-03	Common Stock	I	6.5620	$77.6016	Acquired	11014.8511	Direct

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	177.5963	Acquired		Common Stock (177.5963)	Indirect

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.