SEC Form 4 · accession 0001209191-17-002344
Black Stone Minerals, L.P. · BSM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Luke Stevens Putman
Officer — SVP, GC, and Secretary
Period of report
Jan 3, 2017
Accepted (ET)
Jan 5, 2017 · 6:28 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 | 1,113 | $18.78 | D | 225,341 | 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 interestsF3,F1,F2 | — | Jan 3, 2017 | F | 1,457 | D | — | — | Common units representing limited partner interests | 1,457 | 34,680 | D |
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.