SEC Form 4 · accession 0001209191-17-002331
Black Stone Minerals, L.P. · BSM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas L Carter Jr.
Officer — President, CEO and Chairman · Director
Period of report
Jan 3, 2017
Accepted (ET)
Jan 5, 2017 · 6:24 pm EST
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 | Jan 3, 2017 | F | 4,683 | $18.78 | D | 510,823 | D | |
| Common units representing limited partner interests | holding | — | — | — | 30,289 | I | By Georgia Elizabeth Carter 1995 Trust | |
| Common units representing limited partner interests | holding | — | — | — | 30,289 | I | By Katherine Ross Carter 1995 Trust | |
| Common units representing limited partner interests | holding | — | — | — | 30,290 | I | By Molly Leachman Carter 1995 Trust | |
| Common units representing limited partner interests | holding | — | — | — | 5,689 | I | By Fowler Thomas Carter 1995 Trust | |
| Common units representing limited partner interests | holding | — | — | — | 4,970,834 | I | By Carter2221, Ltd. |
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 interestsF3,F2 | — | Jan 3, 2017 | F | 6,935 | D | — | — | Common units representing limited partner interests | 6,935 | 243,765 | D |
| Subordinated units representing limited partner interestsF2 | — | holding | — | — | — | — | — | Common units representing limited partner interests | 7,452 | 7,452 | I |
| Subordinated units representing limited partner interestsF2 | — | holding | — | — | — | — | — | Common units representing limited partner interests | 7,452 | 7,452 | I |
| Subordinated units representing limited partner interestsF2 | — | holding | — | — | — | — | — | Common units representing limited partner interests | 7,452 | 7,452 | I |
| Subordinated units representing limited partner interestsF2 | — | holding | — | — | — | — | — | Common units representing limited partner interests | 7,452 | 7,452 | I |
| Subordinated units representing limited partner interestsF2 | — | holding | — | — | — | — | — | Common units representing limited partner interests | 6,510,669 | 6,510,669 | I |
Explanation of responses
- F1For tax withholding purposes, the value of the common units was deemed to be equal to the closing price of BSM common units on December 30, 2016.
- 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).
- F3For tax withholding purposes, the Board of Directors set the value of the subordinated units at a discount to the volume-weighted average price of BSM common units between December 1, 2016 and December 30, 2016.