John B. Vering - 03 Jan 2022 Form 4 Insider Report for BLACK HILLS CORP /SD/ (BKH)

Role: Director
Signature: /s/Lorna J. Gunderman
Issuer symbol: BKH
Transactions as of: 03 Jan 2022
Net transactions value: $0
Form type: 4
Filing time: 05 Jan 2022, 16:45:30 UTC
Previous filing: 02 Dec 2021
Next filing: 03 Jun 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BKH	Common Stock	Award	$0	+496	+4.5%	$0.000000	11,592	03 Jan 2022	Direct	F1

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
holding	BKH	Phantom Stock Unit						33,479	03 Jan 2022	Common Stock	33,479		By Trust	F2, F3, F4

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

Explanation of Responses:

Id	Content
F1	Non-employee Director Restricted Stock Unit Grant which was granted on 1-1-2022 and will vest on 4-30-2022.
F2	1 for 1 conversion ratio
F3	Derivative security is exercisable upon retirement under terms of the agreement.
F4	Derivative security expires upon retirement under terms of the agreement.