BLACK HILLS CORP /SD/ — Director's Dealing 2020

Jun 2, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BLACK HILLS CORP /SD/ (BKH)
CIK: 0001130464
Period of Report: 2020-05-29

Reporting Person: McAllister Kathleen S (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-06-01	Common Stock	I	71.4390	$61.2414	Acquired	415.6760	Direct
2020-06-01	Common Stock	I	2.2860	$61.2414	Acquired	417.9620	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-05-29	Phantom Stock Unit	$	A	425.3768	Acquired		Common Stock (425.3768)	Indirect
2020-06-01	Phantom Stock Unit	$	A	7.9278	Acquired		Common Stock (7.9278)	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.