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Black Stone Minerals, L.P. Director's Dealing 2016

Jan 15, 2016

31432_dirs_2016-01-14_fdc4c430-de7e-47d7-a1ac-74e60b624b8c.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Black Stone Minerals, L.P. (BSM)
CIK: 0001621434
Period of Report: 2016-01-12

Reporting Person: Sinclair Robert E. W. (N/A)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2016-01-12 Common units representing limited partner interests A 12368 Acquired 331434 Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common units representing limited partner interests 158174 Indirect
Common units representing limited partner interests 27812 Indirect
Common units representing limited partner interests 405035 Indirect
Common units representing limited partner interests 16128 Indirect

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Subordinated units representing limited partner interests $ Common units representing limited partner interests (401189) 401189 Direct
Subordinated units representing limited partner interests $ Common units representing limited partner interests (197927) 197927 Indirect
Subordinated units representing limited partner interests $ Common units representing limited partner interests (23084) 23084 Indirect
Subordinated units representing limited partner interests $ Common units representing limited partner interests (530504) 530504 Indirect
Subordinated units representing limited partner interests $ Common units representing limited partner interests (17850) 17850 Indirect

Footnotes

F1: Caddis Minerals, Ltd., Castleton Energy Fund I, Ltd., Leone, Ltd., and Shiprock Minerals, Ltd. were liquidated, and the common units, subordinated units, and preferred units previously held by these entities were distributed to their respective limited partners. Except as reported herein, Mr. Sinclair is no longer deemed to have direct or indirect ownership of any of the common units, subordinated units, or preferred units that were distributed in the transactions.

F2: Each subordinated unit will convert into one common unit representing a limited partner interest in the Issuer at the end of the subordination period described in the Issuer's Registration Statement on Form S-1 (File No. 333-202875).