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

Jun 4, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BLACK HILLS CORP /SD/ (BKH)
CIK: 0001130464
Period of Report: 2019-05-31

Reporting Person: ZELLER THOMAS J (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-06-03	Common Stock	I	69.2360	$76.3783	Acquired	10540.6957	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-05-31	Phantom Stock Unit	$	A	344.4882	Acquired		Common Stock (344.4882)	Indirect
2019-06-03	Phantom Stock Unit	$	A	211.4133	Acquired		Common Stock (211.4133)	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.