Black Stone Minerals, L.P. — Director's Dealing 2020

Jan 10, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Black Stone Minerals, L.P. (BSM)
CIK: 0001621434
Period of Report: 2020-01-07

Reporting Person: Putman Luke Stevens (SVP, GC, and Secretary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-01-07	Common units representing limited partner interests	F	10249	$13.31	Disposed	352226	Direct
2020-01-08	Common units representing limited partner interests	S	30000	$12.9899	Disposed	322226	Direct

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 January 7, 2020.

F2: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 15, 2019.

F3: The price reported in Column 4 is a weighted average price. These common units were sold in multiple transactions at prices ranging from $12.86 to $13.27, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of common units sold at each separate price within the ranges set forth in this footnote.