Sec Form 4 Filing - Carter Thomas L Jr @ Black Stone Minerals, L.P. - 2021-01-07

Every director, officer or owner of more than ten percent of a class of equity securities registered under Section 12 of the '34 Act must file with the U.S. Securities and Exchange Commission (SEC) a statement of ownership regarding such security.

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The following is an SEC EDGAR document rendered as filed.
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person *
Carter Thomas L Jr
2. Issuer Name and Ticker or Trading Symbol
Black Stone Minerals, L.P. [ BSM]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
CEO and Chairman
(Last)
(First)
(Middle)
1001 FANNIN STREET, SUITE 2020
3. Date of Earliest Transaction (MM/DD/YY)
01/07/2021
(Street)
HOUSTON, TX77002
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common units representing limited partner interests 01/07/2021F 34,085 D $ 7.75 ( 1 ) 1,634,077 D
Common units representing limited partner interests 37,741 I By Georgia Elizabeth Carter 1995 Trust
Common units representing limited partner interests 37,741 I By Katherine Ross Carter 1995 Trust
Common units representing limited partner interests 37,742 I By Molly Leachman Carter 1995 Trust
Common units representing limited partner interests 13,141 I By Fowler Thomas Carter 1995 Trust
Common units representing limited partner interests 11,481,503 I By Carter2221, Ltd.
Common units representing limited partner interests 181,763 ( 2 ) I By spouse
Common units representing limited partner interests 0 ( 2 ) I By GRAT
Common units representing limited partner interests 0 ( 2 ) I By spouse's GRAT
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Carter Thomas L Jr
1001 FANNIN STREET, SUITE 2020
HOUSTON, TX77002
XCEO and Chairman
Signatures
/s/ Steve Putman, attorney-in-fact for Thomas L. Carter, Jr.01/11/2020
** Signature of Reporting Person Date
Explanation of Responses:
( 1 )For tax withholding purposes, the value of the common units was deemed to be equal to the closing price of BSM common units on January 7, 2021.
( 2 )Prior to the date of this report, the GRATs granted by the Reporting Person and his spouse paid an annual annuity, including in the form of Issuer common units, to the Reporting Person and his spouse in connection with the termination of the GRATs. The payment of the annuity is reflected in the Column 5 totals.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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