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

Mar 20, 2018

31432_dirs_2018-03-19_daeb2bde-63e3-45f6-9877-f0016c953101.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: 2018-03-15

Reporting Person: Carter Thomas L Jr (Director, President, CEO and Chairman)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2018-03-12 Common units representing limited partner interests G 75000 $0.00 Disposed 897182 Direct
2018-03-15 Common units representing limited partner interests F 8068 $17.05 Disposed 889114 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2018-03-15 Subordinated units representing limited partner interests $ F 10567 Disposed Common units representing limited partner interests (10567) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common units representing limited partner interests 30289 Indirect
Common units representing limited partner interests 30289 Indirect
Common units representing limited partner interests 30290 Indirect
Common units representing limited partner interests 5689 Indirect
Common units representing limited partner interests 4970834 Indirect
Common units representing limited partner interests 150885 Indirect
Common units representing limited partner interests 150885 Indirect

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Subordinated units representing limited partner interests $ Common units representing limited partner interests (7452) 7452 Indirect
Subordinated units representing limited partner interests $ Common units representing limited partner interests (7452) 7452 Indirect
Subordinated units representing limited partner interests $ Common units representing limited partner interests (7452) 7452 Indirect
Subordinated units representing limited partner interests $ Common units representing limited partner interests (7452) 7452 Indirect
Subordinated units representing limited partner interests $ Common units representing limited partner interests (6510669) 6510669 Indirect
Subordinated units representing limited partner interests $ Common units representing limited partner interests (16270) 16270 Indirect
Subordinated units representing limited partner interests $ Common units representing limited partner interests (16270) 16270 Indirect

Footnotes

F1: For tax withholding purposes, the value of the common units was deemed to be equal to the closing price of BSM common units on March 15, 2018.

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).

F3: For tax withholding purposes, the value of the subordinated units was fixed at a discount to the closing price of BSM common units on March 15, 2018.