BOSTON OMAHA Corp — Director's Dealing 2020

Jun 2, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BOSTON OMAHA Corp (BOMN)
CIK: 0001494582
Period of Report: 2020-05-28

Reporting Person: Peterson Adam K (Director, Co-Chief Executive Officer, 10% Owner)
Reporting Person: MAGNOLIA CAPITAL FUND, LP (10% Owner)
Reporting Person: MAGNOLIA GROUP, LLC (10% Owner)
Reporting Person: MAGNOLIA BOC I, LP (10% Owner)
Reporting Person: MAGNOLIA BOC II, LP (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-05-28	Common Stock	P	9375	$16.00	Acquired	10801494	Direct

Footnotes

F1: The reported shares are owned both directly and indirectly by Adam K. Peterson ("Mr. Peterson"), The Magnolia Group, LLC ("TMG"), Magnolia Capital Fund ("MCF"), Magnolia BOC I, LP ("BOC I"), and Magnolia BOC II, LP ("BOC II"). TMG is the general partner and investment manager of MCF, BOC I, and BOC II. 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 for those reporting persons.

F2: TMG and Mr. Peterson disclaim beneficial ownership with respect to the shares reported indirectly 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: This transaction was executed at $16.00 per share.

F5: MCF may be the beneficial owner of 580,558 shares of Common Stock that it holds (comprised of 527,780 shares of Class B Common Stock, 51,516 $10 Warrants to purchase Common Stock, and 1,262 $8 Warrants to purchase Common Stock). BOC I may be deemed the beneficial owner of 7,960,095 shares of Common Stock that it
holds. BOC II may be deemed the beneficial owner of 2,070,328 shares of Common Stock that it holds. TMG may be deemed the beneficial owner of 10,704,157 shares of Common
Stock including the 93,176 shares of Common Stock that it holds directly. Adam Peterson may be deemed the beneficial owner of 10,801,494 shares of Common Stock including the
97,337 shares of Common Stock that he holds directly and he holds interest in MCF, BOC I, BOC II, and TMG.

F6: The purchase of shares being reported on this Form 4 were purchased by Adam Peterson directly for his personal account. No shares were purchased by the other Reporting Persons.