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

Jan 5, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

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

Reporting Person: McAllister Kathleen S (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-01-03	Common Stock	A	496	—	Acquired	5364.8038	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Phantom Stock Unit	$		Common Stock (3572.1828)	3572.1828	Indirect

Footnotes

F1: Non-employee Director Restricted Stock Unit Grant which was granted on 1-1-2022 and will vest on 4-30-2022.

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.