SEC Form 4 · accession 0001209191-18-012625
Black Stone Minerals, L.P. · BSM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brock Morris
Officer — SVP, Engineering and Geology
Period of report
Feb 20, 2018
Accepted (ET)
Feb 22, 2018 · 6:20 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 interests | Feb 20, 2018 | A | 47,353 | $0.00 | A | 292,958 | D | |
| Common units representing limited partner interests | Feb 20, 2018 | A | 85,399 | $0.00 | A | 378,357 | D | |
| Common units representing limited partner interests | Feb 20, 2018 | F | 31,532 | $17.95 | D | 346,825 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Common units subject to a restricted unit award issued pursuant to the Black Stone Minerals, L.P. Long-Term Incentive Plan (the "LTIP"). Except as otherwise provided in the LTIP or the award agreement governing the award, the common units will vest in three equal installments on each of January 7, 2019, January 7, 2020, and January 7, 2021, so long as the Reporting Person remains continuously employed by the Issuer, Black Stone Minerals GP, L.L.C. (the "General Partner"), or any of their respective affiliates through each such vesting date.
- F2Represents settlement of performance units awarded under the Issuer's Long-Term Incentive Plan. For tax withholding purposes, the value of the common units was deemed to be equal to the closing price of BSM common units on February 20, 2018.