SEC Form 4 · accession 0001209191-18-020748
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
Mar 15, 2018
Accepted (ET)
Mar 19, 2018 · 7:40 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 15, 2018 | F | 16,222 | $17.05 | D | 305,603 | 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,F2 | — | Mar 15, 2018 | F | 3,455 | D | — | — | Common units representing limited partner interests | 3,455 | 37,800 | 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 March 15, 2018.
- 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 value of the subordinated units was fixed at a discount to the closing price of BSM common units on March 15, 2018.