SEC Form 4 · accession 0001209191-15-040862
Black Stone Minerals, L.P. · BSM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard N. Papert
Director
Period of report
May 6, 2015
Accepted (ET)
May 8, 2015 · 9:50 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001621434
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common units representing limited partner interests | May 6, 2015 | A | 5,263 | $0.00 | A | 5,263 | D | |
| Common units representing limited partner interestsF1 | May 6, 2015 | J | 39,757 | — | A | 45,020 | D | |
| Common units representing limited partner interestsF1 | May 6, 2015 | J | 145,369 | — | A | 190,389 | I | By Rogo Ivory LLC |
| Common units representing limited partner interestsF1 | May 6, 2015 | J | 15,141 | — | A | 205,530 | I | By Rogo Black Stone LLC |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Subordinated units representing limited partner interestsF1,F2 | — | May 6, 2015 | J | 52,075 | A | — | — | Common units representing limited partner interests | 52,075 | 52,075 | D |
| Subordinated units representing limited partner interestsF1,F2 | — | May 6, 2015 | J | 190,403 | A | — | — | Common units representing limited partner interests | 190,403 | 242,478 | I |
| Subordinated units representing limited partner interestsF1,F2 | — | May 6, 2015 | J | 19,832 | A | — | — | Common units representing limited partner interests | 19,832 | 262,310 | I |
| Preferred units representing limited partner interestsF1,F3 | — | May 6, 2015 | J | 1,500 | A | — | — | Common and subordinated units representing LP interests | — | 263,810 | I |
Explanation of responses
- F1Acquired pursuant to the Merger and Contribution Agreement, dated May 6, 2015, by and among Black Stone Minerals Merger Sub LLC, Black Stone Minerals Company, L.P., and Black Stone Minerals, L.P.
- F2Each 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).
- F3Each preferred unit may be converted at any time at the option of the holder thereof into common units at the then-effective conversion rate. In addition, on January 1 of each year from 2016 to 2018 a number of preferred units will automatically convert into common units and subordinated units at the then-effective conversion rate, as described in the Issuer's Registration Statement on Form S-1, as amended (File No. 333-202875).