SEC Form 4 · accession 0001209191-16-110299
Black Stone Minerals, L.P. · BSM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Allan Skov
Officer — SVP, Corp. Services and CIO
Period of report
Mar 21, 2016
Accepted (ET)
Mar 23, 2016 · 7:21 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 interestsF1 | Mar 21, 2016 | A | 44,486 | $0.00 | A | 243,734 | D | |
| Common units representing limited partner interestsF2 | Mar 21, 2016 | F | 33,257 | $14.01 | D | 210,477 | D | |
| Common units representing limited partner interestsF3 | Mar 21, 2016 | D | 121,323 | $0.00 | D | 89,154 | D |
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 interestsF5,F4 | — | Mar 21, 2016 | F | 3,347 | D | — | — | Common units representing limited partner interests | 3,347 | 62,536 | D |
| Subordinated units representing limited partner interestsF6,F4 | — | Mar 21, 2016 | D | 21,620 | D | — | — | Common units representing limited partner interests | 21,620 | 40,916 | D |
Explanation of responses
- F1Represents the settlement of performance units issued pursuant to the Black Stone Minerals, L.P. Long-Term Incentive Plan ("LTIP") for common units.
- F2For tax withholding purposes, the value of the common units was deemed to be equal to the closing price of BSM common units on March 15, 2016.
- F3Represents forfeitures of restricted common units issued pursuant to LTIP.
- F4Each 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).
- F5For tax withholding purposes, the value of the subordinated units was fixed at a discount to the closing price of BSM common units on March 15, 2016.
- F6Represents forfeitures of restricted subordinated units issued pursuant to LTIP.