Black Stone Minerals, L.P. — Director's Dealing 2021

Feb 5, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Black Stone Minerals, L.P. (BSM)
CIK: 0001621434
Period of Report: 2021-02-03

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-02-03	Common units representing limited partner interests	A	183110	$0.00	Acquired	1817187	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common units representing limited partner interests	37741	Indirect
Common units representing limited partner interests	37741	Indirect
Common units representing limited partner interests	37742	Indirect
Common units representing limited partner interests	13141	Indirect
Common units representing limited partner interests	11481503	Indirect
Common units representing limited partner interests	181763	Indirect

Footnotes

F1: Common units subject to a restricted unit award issued pursuant to the Black Stone Minerals, L.P. Long-Term Incentive Plan (the "LTIP"). Except as otherwise provided in the LTIP or the award agreement governing the award, the common units will vest in three equal installments on each of January 7, 2022, January 7, 2023, and January 7, 2024, so long as the Reporting Person remains continuously employed by the Issuer, Black Stone Minerals GP, L.L.C. (the "General Partner"), or any of their respective affiliates through each such vesting date.