SEC Form 4 · accession 0001209191-16-114042

Black Stone Minerals, L.P. · BSM

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Director

Period of report

Apr 8, 2016

Accepted (ET)

Apr 12, 2016 · 8:38 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^F1	Apr 8, 2016	A	1,516	$14.01	A	43,054	D
Common units representing limited partner interests	holding	—	—		—	77,459	I	By Conti Street Partners, L.P.
Common units representing limited partner interests	holding	—	—		—	242,714	I	By Conti Street Minerals, L.P.
Common units representing limited partner interests	holding	—	—		—	604,328	I	By WM Capital Partners, L.P.
Common units representing limited partner interests	holding	—	—		—	189,117	I	By The Estate of Isabel Brown Wilson
Common units representing limited partner interests	holding	—	—		—	101,755	I	By Travis A. Mathis Special Trust

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Preferred units representing limited partner interests^F3,F2	—	Apr 8, 2016	X	8,000	D	—	—	Common and subordinated units representing LP interests	—	16,000	I

F1Pursuant to a previous arrangement, the Reporting Person elected to receive common units in lieu of a cash retainer for service on the Board of Directors of the Partnership's General Partner.
F2Each 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, 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 unless redeemed, as described in the Issuer's Registration Statement on Form S-1 (File No. 333-202875).
F3Conti Street Minerals, L.P. required the Partnership to redeem a portion of its preferred units in accordance with the terms of the Partnership's Limited Partnership Agreement. The redemption price of $1,026.78 per preferred unit represents the $1,000 par value of each preferred unit plus $26.78 in interest equal to the unpaid accrued yield.