D. Andrew Woodward - Aug 17, 2022 Form 4 Insider Report for Blueknight Energy Partners, L.P. (BKEP)

Role: CEO
Signature: /s/ D. Andrew Woodward
Stock symbol: BKEP
Transactions as of: Aug 17, 2022
Transactions value $: -$2,363,500
Form type: 4
Date filed: 8/17/2022, 05:31 PM
Previous filing: Mar 9, 2022
Next filing: Sep 20, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BKEP	Common units representing limited partner interests	Disposed to Issuer	-$2.36M	-508K	-100%	$4.65	0	Aug 17, 2022	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

D. Andrew Woodward is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id	Content
F1	In connection with the Agreement and Plan of Merger, dated April 21, 2022, by and among Ergon Asphalt & Emulsions, Inc., Merle, LLC, Blueknight Energy Partners G.P., L.L.C. and Blueknight Energy Partners, L.P. (the "Merger Agreement"), these common units were converted into a right of the holder to receive an amount in cash equal to the per unit merger consideration of $4.65. Of Mr. Woodward's common units, 151,485.60 units were fully vested prior to the consummation of the transactions contemplated by the Merger Agreement, and 356,794 were phantom units accelerated immediately prior to the consummation of the transactions contemplated by the Merger Agreement.

Content

In connection with the Agreement and Plan of Merger, dated April 21, 2022, by and among Ergon Asphalt & Emulsions, Inc., Merle, LLC, Blueknight Energy Partners G.P., L.L.C. and Blueknight Energy Partners, L.P. (the "Merger Agreement"), these common units were converted into a right of the holder to receive an amount in cash equal to the per unit merger consideration of $4.65. Of Mr. Woodward's common units, 151,485.60 units were fully vested prior to the consummation of the transactions contemplated by the Merger Agreement, and 356,794 were phantom units accelerated immediately prior to the consummation of the transactions contemplated by the Merger Agreement.

Remarks:

Mr. Woodward is the Chief Executive Officer of Blueknight Energy Partners G.P., L.L.C., the general partner of Blueknight Energy Partners, L.P.