X0304 4 2011-10-26 0 0001392091 Blueknight Energy Partners, L.P. BKEP 0001477400 Shapiro John A 6120 SOUTH YALE AVENUE SUITE 500 TULSA OK 74136 1 0 0 0 Subscription Rights 6.5 2011-10-26 4 X 0 2975 0 D 2011-10-01 2011-10-31 Series A Preferred Units 2975 0 D Series A Preferred Units 6.5 2011-10-26 4 X 0 2975 6.5 A 2011-09-29 Common Units 2975 2975 D Represents Series A Preferred Units that were received, after the close of the rights offering, from the exercise of subscription rights. Mr. Shapiro's exercise of such subscription rights entitled him to receive 2,706 Series A Preferred Units. Mr. Shapiro elected to exercise the over-subscription privilege associated with his exercised rights. The pro-rata calculations related to over-subscription rights were not made by the subscription agent until after the close of the rights offering on October 31, 2011. Accordingly, on November 11, 2011, Mr. Shapiro was informed that he received an additional 269 Series A Preferred Units in respect of the fulfillment of the over-subscription rights exercised by Mr. Shapiro in the rights offering. The Series A Preferred Units are convertible into common units. The terms of the Series A Preferred Units are more fully described in BKEP's Form 8-A filed on September 27, 2011. Not applicable. Mr. Shapiro is a director of Blueknight Energy Partners G.P., L.L.C., the general partner of Blueknight Energy Partners, L.P. /s/ John A. Shapiro 2012-03-09