Sec Form 4 Filing - Keenan W Howard JR @ Brigham Minerals, Inc. - 2021-04-09

Insider filing report for Changes in Beneficial Ownership
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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
Keenan W Howard JR
2. Issuer Name and Ticker or Trading Symbol
Brigham Minerals, Inc. [ MNRL]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
C/O YORKTOWN PARTNERS LLC, 410 PARK AVENUE, 20TH FLOOR
3. Date of Earliest Transaction (MM/DD/YY)
04/09/2021
(Street)
NEW YORK, NY10022
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
Class B Common Stock ( 1 ) 04/09/2021 C 6,154 D 181,221 ( 3 ) I See footnote ( 4 )
Class A Common Stock 04/09/2021 C 6,154 A 6,154 ( 3 ) I See footnote ( 4 )
Class A Common Stock 04/09/2021 S 6,154 D 0 ( 3 ) I See footnote ( 4 )
Class B Common Stock ( 1 ) 04/09/2021 C 63,174 D 1,860,101 ( 3 ) I See footnote ( 5 )
Class A Common Stock 04/09/2021 C 63,174 A 63,174 ( 3 ) I See footnote ( 5 )
Class A Common Stock 04/09/2021 S 63,174 D 0 ( 3 ) I See footnote ( 5 )
Class B Common Stock ( 1 ) 04/09/2021 C 25,417 D 748,386 ( 3 ) I See footnote ( 6 )
Class A Common Stock 04/09/2021 C 25,417 A 25,417 ( 3 ) I See footnote ( 6 )
Class A Common Stock 04/09/2021 S 25,417 D 0 ( 3 ) I See footnote ( 6 )
Class B Common Stock ( 1 ) 04/09/2021 C 50,703 D 1,492,882 ( 3 ) I See footnote ( 7 )
Class A Common Stock 04/09/2021 C 50,703 A 50,703 ( 3 ) I See footnote ( 7 )
Class A Common Stock 04/09/2021 S 50,703 D 0 ( 3 ) I See footnote ( 7 )
Class B Common Stock ( 1 ) 06/25/2021 C 47,912 D 133,309 ( 3 ) I See footnote ( 4 )
Class A Common Stock 06/25/2021 C 47,912 A 47,912 ( 3 ) I See footnote ( 4 )
Class A Common Stock 06/25/2021 S 47,912 D 0 ( 3 ) I See footnote ( 4 )
Class B Common Stock ( 1 ) 06/25/2021 C 491,762 D 1,368,339 ( 3 ) I See footnote ( 5 )
Class A Common Stock 06/25/2021 C 491,762 A 491,762 ( 3 ) I See footnote ( 5 )
Class A Common Stock 06/25/2021 S 491,762 D 0 ( 3 ) I See footnote ( 5 )
Class B Common Stock ( 1 ) 06/25/2021 C 197,854 D 550,532 ( 3 ) I See footnote ( 6 )
Class A Common Stock 06/25/2021 C 197,854 A 197,854 ( 3 ) I See footnote ( 6 )
Class A Common Stock 06/25/2021 S 197,854 D 0 ( 3 ) I See footnote ( 6 )
Class B Common Stock ( 1 ) 06/25/2021 C 394,680 D 1,098,202 ( 3 ) I See footnote ( 7 )
Class A Common Stock 06/25/2021 C 394,680 A 394,680 ( 3 ) I See footnote ( 7 )
Class A Common Stock 06/25/2021 S 394,680 D 0 ( 3 ) I See footnote ( 7 )
Class A Common Stock 26,564 D ( 18 )
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
Brigham Minerals Holdings, LLC Units ( 1 ) 04/09/2021 C 6,154 ( 1 )( 2 ) ( 1 )( 2 ) Class A Common Stock 6,154 $ 0 181,221 ( 3 ) I See footnote ( 4 )
Brigham Minerals Holdings, LLC Units ( 1 ) 04/09/2021 C 63,174 ( 1 )( 2 ) ( 1 )( 2 ) Class A Common Stock 63,174 $ 0 1,860,101 ( 3 ) I See footnote ( 5 )
Brigham Minerals Holdings, LLC Units ( 1 ) 04/09/2021 C 25,417 ( 1 )( 2 ) ( 1 )( 2 ) Class A Common Stock 25,417 $ 0 748,386 ( 3 ) I See footnote ( 6 )
Brigham Minerals Holdings, LLC Units ( 1 ) 04/09/2021 C 50,703 ( 1 )( 2 ) ( 1 )( 2 ) Class A Common Stock 50,703 $ 0 1,492,882 ( 3 ) I See footnote ( 7 )
Brigham Minerals Holdings, LLC Units ( 1 ) 06/25/2021 C 47,912 ( 1 ) ( 1 ) Class A Common Stock 47,912 $ 0 133,309 ( 3 ) I See footnote ( 4 )
Brigham Minerals Holdings, LLC Units ( 1 ) 06/25/2021 C 491,762 ( 1 ) ( 1 ) Class A Common Stock 491,762 $ 0 1,368,339 ( 3 ) I See footnote ( 5 )
Brigham Minerals Holdings, LLC Units ( 1 ) 06/25/2021 C 197,854 ( 1 ) ( 1 ) Class A Common Stock 197,854 $ 0 550,532 ( 3 ) I See footnote ( 6 )
Brigham Minerals Holdings, LLC Units ( 1 ) 06/25/2021 C 394,680 ( 1 ) ( 1 ) Class A Common Stock 394,680 $ 0 1,098,202 ( 3 ) I See footnote ( 7 )
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Keenan W Howard JR
C/O YORKTOWN PARTNERS LLC
410 PARK AVENUE, 20TH FLOOR
NEW YORK, NY10022
X
Signatures
/s/ W. Howard Keenan, Jr. 06/29/2021
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Each share of Class B common stock has no economic rights but entitles its holder to one vote on all matters to be voted on by shareholders generally. At the request of the holder, each common unit (each, a "Common Unit") of Brigham Minerals Holdings, LLC ("Brigham LLC") may be coupled with a share of Class B common stock and redeemed for, at Brigham LLC's election, newly-issued shares of Class A common stock on a one-for-one basis or a cash payment equal to a volume weighted average closing price of one share of Class A common stock for each Common Unit redeemed for the 10 trading days prior to the date the holder requests redemption (each, a "Redemption"). The Common Units do not expire.
( 2 )As previously reported on Form 4s filed on March 16, 2021, March 18, 2021, March 22, 2021, and March 24, 2021 (collectively, the "March Form 4s"), the broker of the holder of these securities sold a number of shares of Class A common stock subject to a future Redemption of the underlying common units of Brigham LLC and cancellation of an equal amount of shares of Class B common stock of Brigham Minerals, Inc. (collectively, a "Future Redemption"). Additionally, the Form 4 filed on March 16, 2021 erroneously reported that certain Redemptions took place in connection with the matters reported thereon. On April 9, 2021, all such Redemptions were effected.
( 3 )The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for Section 16 or any other purpose.
( 4 )These securities are owned directly by Yorktown Energy Partners IX, L.P. ("Yorktown IX"). The reporting person is a member and manager of Yorktown IX Associates LLC, the general partner of Yorktown IX Company LP, the general partner of Yorktown IX.
( 5 )These securities are owned directly by Yorktown Energy Partners X, L.P. ("Yorktown X"). The reporting person is a member and manager of Yorktown X Associates LLC, the general partner of Yorktown X Company LP, the general partner of Yorktown X.
( 6 )These securities are owned directly by Yorktown Energy Partners XI, L.P. ("Yorktown XI"). The reporting person is a member and manager of Yorktown XI Associates LLC, the general partner of Yorktown XI Company LP, the general partner of Yorktown XI.
( 7 )These securities are owned directly by YT Brigham Co Investment Partners, LP ("YT Brigham"). The reporting person is a member and manager of YT Brigham Associates LLC, the general partner of YT Brigham Company LP, the general partner of YT Brigham.
( 8 )These shares were sold in multiple transactions at varying prices specified in the March Form-4s.
( 9 )On March 31, 2021, Yorktown IX requested that 6,154 shares of Class B common stock and 6,154 Common Units be redeemed, and Brigham LLC elected to redeem such securities for an aggregate of 6,154 shares of Class A common stock.
( 10 )On March 31, 2021, Yorktown X requested that 63,174 shares of Class B common stock and 63,174 Common Units be redeemed, and Brigham LLC elected to redeem such securities for an aggregate of 63,174 shares of Class A common stock.
( 11 )On March 31, 2021, Yorktown XI requested that 25,417 shares of Class B common stock and 25,417 Common Units be redeemed, and Brigham LLC elected to redeem such securities for an aggregate of 25,417 shares of Class A common stock.
( 12 )On March 31, 2021, YT Brigham requested that 50,703 shares of Class B common stock and 50,703 Common Units be redeemed, and Brigham LLC elected to redeem such securities for an aggregate of 50,703 shares of Class A common stock.
( 13 )Such units were sold in multiple transactions by the broker of the holder of these securities at varying prices specified in the Form-4s filed on May 20, 2021, May 24, 2021, May 27, 2021, June 2, 2021, June 8, 2021, June 11, 2021 and June 23, 2021, and all subject to a Future Redemption. On June 25, 2021, such Future Redemption was effected.
( 14 )On June 18, 2021, Yorktown IX requested that 47,912 shares of Class B common stock and 47,912 Common Units be redeemed, and Brigham LLC elected to redeem such securities for an aggregate of 47,912 shares of Class A common stock.
( 15 )On June 18, 2021, Yorktown X requested that 491,762 shares of Class B common stock and 491,762 Common Units be redeemed, and Brigham LLC elected to redeem such securities for an aggregate of 491,762 shares of Class A common stock.
( 16 )On June 18, 2021, Yorktown XI requested that 197,854 shares of Class B common stock and 197,854 Common Units be redeemed, and Brigham LLC elected to redeem such securities for an aggregate of 197,854 shares of Class A common stock.
( 17 )On June 18, 2021, YT Brigham requested that 394,680 shares of Class B common stock and 394,680 Common Units be redeemed, and Brigham LLC elected to redeem such securities for an aggregate of 394,680 shares of Class A common stock.
( 18 )Includes 7,692 restricted stock units awarded on May 26, 2021 pursuant to the Brigham Minerals, Inc. 2019 Long Term Incentive Plan. The award vests in full on the first anniversary of the grant date, subject to continued employment through the vesting date.

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