Black Stone Minerals, L.P. — Director's Dealing 2018

May 24, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Black Stone Minerals, L.P. (BSM)
CIK: 0001621434
Period of Report: 2018-05-21

Reporting Person: Dorn Holbrook F (SVP, Business Development)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-05-21	Common units representing limited partner interests	A	23334	$0.00	Acquired	631178	Direct
2018-05-21	Common units representing limited partner interests	F	9182	$18.62	Disposed	621996	Direct

Footnotes

F1: Represents settlement of performance units awarded under the Issuer's Long-Term Incentive Plan. For tax withholding purposes, the value of the common units was deemed to be equal to the closing price of BSM common units on May 21, 2018.