BOSTON OMAHA Corp — Director's Dealing 2017

Jun 20, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BOSTON OMAHA Corp (BOMN)
CIK: 0001494582
Period of Report: 2017-06-16

Reporting Person: MAGNOLIA CAPITAL FUND, LP (10% Owner)
Reporting Person: MAGNOLIA GROUP, LLC (10% Owner)
Reporting Person: Peterson Adam K (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-06-16	Class A common stock, par value $0.001 per share	P	3461538	$13	Acquired	7935719	Direct

Footnotes

F1: All of the reported shares are directly owned by Magnolia Capital Fund, LP, of which The Magnolia Group, LLC ("TMG") is the general partner and investment manager. Adam K. Peterson ("Mr. Peterson") is the managing member of TMG. TMG and Mr. Peterson could both be deemed to share indirect beneficial ownership of the shares reported herein.

F2: TMG and Mr. Peterson disclaim beneficial ownership except to the extent of their respective pecuniary interests therein, and this report shall not be deemed an admission of beneficial ownership of these securities for Section 16 or for any other purposes.

F3: Mr. Peterson serves as a director of the Issuer, and as the co-chief executive officer of the issuer.

F4: As previously reported on the Reporting Persons' Form 3, the Reporting Persons beneficially owned 3,893,623 shares of common stock of the Issuer, 527,780 shares of Class A common stock of the Issuer, and 52,778 warrants to purchase the Issuer's Class A common stock. The Issuer subsequently designated its common stock as "Class A common stock" and its Class A common stock as "Class B common stock". Therefore, all prior references to common stock and Class A common stock on the Reporting Persons' Form 3 now refer to Class A common stock and Class B common stock, respectively. In addition, as reported on this Form 4, the Reporting Persons have purchased an additional 3,461,538 shares of Class A common stock.