MADISON MICHAEL 4
4 · BLACK HILLS CORP /SD/ · Filed Mar 3, 2020
Insider Transaction Report
Form 4
MADISON MICHAEL
Director
Transactions
- Discretionary Transaction
Common Stock
2020-03-02$73.82/sh+77.228$5,701→ 15,582.927 total - Award
Phantom Stock Unit
[F1][F2][F3]2020-02-28$72.20/sh+369.616$26,686→ 13,087.471 total(indirect: By Trust)→ Common Stock (369.616 underlying) - Award
Phantom Stock Unit
[F1][F2][F3]2020-03-02$73.82/sh+94.852$7,002→ 13,182.323 total(indirect: By Trust)→ Common Stock (94.852 underlying)
Footnotes (3)
- [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.
Signature
/s/Lorna J. Gunderman|2020-03-03