MICHAEL MADISON - 28 May 2021 Form 4 Insider Report for BLACK HILLS CORP /SD/ (BKH)

Role
Director
Signature
/s/Lorna J. Gunderman
Issuer symbol
BKH
Transactions as of
28 May 2021
Net transactions value
+$32,691
Form type
4
Filing time
01 Jun 2021, 17:20:26 UTC

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BKH Common Stock Discretionary transaction in accordance with Rule 16b-3(f) resulting in acquisition or disposition of issuer securities $6,291 +95 +0.6% $65.90 16,080 01 Jun 2021 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction BKH Phantom Stock Unit Award $17,500 +266 +1.7% $65.79 15,752 28 May 2021 Common Stock 266 By Trust F1, F2, F3
transaction BKH Phantom Stock Unit Award $8,900 +135 +0.86% $65.90 15,887 01 Jun 2021 Common Stock 135 By Trust F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

MICHAEL MADISON is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 1 for 1 conversion ratio
F2 Derivative security is exercisable upon retirement under terms of the agreement.
F3 Derivative security expires upon retirement under terms of the agreement.