SEC Form 4 · accession 0001593968-16-000492
Black Stone Minerals, L.P. · BSM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert E. W. Sinclair
Director
Period of report
Jan 12, 2016
Accepted (ET)
Jan 14, 2016 · 6:50 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 12, 2016 | A | 12,368 | $0.00 | A | 331,434 | D | |
| Common units representing limited partner interestsF1 | holding | — | — | — | 158,174 | I | By San Miguel River Partners | |
| Common units representing limited partner interestsF1 | holding | — | — | — | 27,812 | I | By Castleton Energy Corporation | |
| Common units representing limited partner interestsF1 | holding | — | — | — | 405,035 | I | By Sinclair Three, Ltd. | |
| Common units representing limited partner interestsF1 | holding | — | — | — | 16,128 | I | By wife |
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 interestsF1,F2 | — | holding | — | — | — | — | — | Common units representing limited partner interests | 401,189 | 401,189 | D |
| Subordinated units representing limited partner interestsF1,F2 | — | holding | — | — | — | — | — | Common units representing limited partner interests | 197,927 | 197,927 | I |
| Subordinated units representing limited partner interestsF1,F2 | — | holding | — | — | — | — | — | Common units representing limited partner interests | 23,084 | 23,084 | I |
| Subordinated units representing limited partner interestsF1,F2 | — | holding | — | — | — | — | — | Common units representing limited partner interests | 530,504 | 530,504 | I |
| Subordinated units representing limited partner interestsF1,F2 | — | holding | — | — | — | — | — | Common units representing limited partner interests | 17,850 | 17,850 | I |
Explanation of responses
- F1Caddis Minerals, Ltd., Castleton Energy Fund I, Ltd., Leone, Ltd., and Shiprock Minerals, Ltd. were liquidated, and the common units, subordinated units, and preferred units previously held by these entities were distributed to their respective limited partners. Except as reported herein, Mr. Sinclair is no longer deemed to have direct or indirect ownership of any of the common units, subordinated units, or preferred units that were distributed in the transactions.
- 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).