BLACK HILLS CORP

Ticker: BKH CUSIP: 092113109 Class: COM

LUMINUS MANAGEMENT LLC's Holding History (CIK: 0001279151)

Note: Option positions (PUT/CALL) are excluded.

Q4 2017

Shares 16,944 Value ($000) $1,019 Avg Close $45.46 Range $41.87 - $51.03

Q1 2017

Shares 4,538 Value ($000) $302 Avg Close $45.51 Range $43.01 - $48.38

Q4 2016

Shares 6,567 Value ($000) $403 Avg Close $42.62 Range $38.96 - $45.02

Q3 2016

Shares 246,273 Value ($000) $15,077 Avg Close $43.19 Range $40.45 - $45.62

Q1 2016

Shares 230,882 Value ($000) $13,883 Avg Close $37.32 Range $31.07 - $42.88

Q4 2015

Shares 525,339 Value ($000) $24,391 Avg Close $30.44 Range $27.84 - $33.06

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2017	16,944	$1,019	$45.46	$41.87 - $51.03
Q1 2017	4,538	$302	$45.51	$43.01 - $48.38
Q4 2016	6,567	$403	$42.62	$38.96 - $45.02
Q3 2016	246,273	$15,077	$43.19	$40.45 - $45.62
Q1 2016	230,882	$13,883	$37.32	$31.07 - $42.88
Q4 2015	525,339	$24,391	$30.44	$27.84 - $33.06