BLACK HILLS CORP /SD/ — Director's Dealing 2022

Jun 3, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BLACK HILLS CORP /SD/ (BKH)
CIK: 0001130464
Period of Report: 2022-03-01

Reporting Person: Vering John B (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-06-01	Common Stock	C	34035.1455	—	Acquired	45631.0890	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-03-01	Phantom Stock Unit	$	A	293.0116	Acquired		Common Stock (293.0116)	Indirect
2022-06-01	Phantom Stock Unit	$	A	262.9282	Acquired		Common Stock (262.9282)	Indirect
2022-06-01	Phantom Stock Unit	$	C	34035.1455	Disposed		Common Stock (34035.1455)	Indirect

Footnotes

F1: The reporting person converted phantom stock units to common stock on a one-for-one basis upon retirement

F2: 1 for 1 conversion ratio

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

F4: Derivative security expires upon retirement under terms of the agreement.

F5: Derivative shares converted to common stock upon retirement