SEC Form 4 · accession 0001127602-15-002374
BlackRock Inc. · BLK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert Kapito
Officer — President · Director
Period of report
Jan 16, 2015
Accepted (ET)
Jan 21, 2015 · 5:45 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001364742
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Shares Of Common Stock (par Value $0.01 Per Share)F1,F2 | Jan 16, 2015 | A | 8,928 | $0.00 | A | 325,327 | D | |
| Shares Of Common Stock (par Value $0.01 Per Share)F3 | holding | — | — | — | 240,114 | I | By Grantor Retained Annuity Trusts |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Reflects an award value of $3,070,000 converted to a number of Restricted Stock Units by dividing the approved award value by $343.855, which was the average of the high and low price per share of Common Stock on January 16, 2015. This grant was approved by the Management Development and Compensation Committee on January 13, 2015. Restricted Stock Units vest in installments with 33% vesting on 1/31/16, 33% vesting on 1/31/17 and 34% vesting on 1/31/18.
- F2Includes (i) 9,571 Restricted Stock Units vesting on 1/31/15, (ii) 15,962 Restricted Stock Units vesting in installments on 1/31/15 and 1/31/16, (iii) 21,273 Restricted Stock Units vesting installments on 1/31/15, 1/31/16 and 1/31/17, (iv) 8,928 Restricted Stock Units vesting on 1/31/16, 1/31/17 and 1/31/18, (v) 26,213 Restricted Stock Units awarded on 1/20/12 that will vest in whole or in part only on the satisfaction of one or more previously-disclosed Common Stock price targets, but which may not vest before 1/31/16 and will expire on 1/31/18 to the extent not then vested, (vi) 29,583 Restricted Stock Units awarded on 1/18/13 that will vest in whole or in part only on the satisfaction of one or more previously-disclosed Common Stock price targets, but which may not vest before 1/31/17 and will expire on 1/31/19 to the extent not then vested and (vii) 19,201 Restricted Stock Units awarded on 1/17/14 that will vest in whole or in part only on the satisfaction of one or more previously-disclosed Common Stock price targets, but which may not vest before 1/31/18 and will expire on 1/31/20 to the extent not then vested. Each Restricted Stock Unit is payable solely by delivery of an equal number of shares of Common Stock.
- F3Reflects total indirect holdings in grantor retained annuity trusts (the "GRATs") as of January 21, 2015 which holdings give effect to transfers from the reporting person's direct holdings to the GRATs and from the GRATs to the reporting person's direct holdings, including the February 10, 2014 transfer of 78,812 shares of common stock ("Shares") from direct holdings to the GRATs, the May 29, 2014 transfer of 175,448 Shares from the GRATs to direct holdings, the June 2, 2014 transfer of 76,538 Shares from direct holdings to the GRATs, the August 20, 2014 transfer of 53,610 Shares from the GRATs to direct holdings to the GRATs and the December 1, 2014 transfer of 52,307 shares from the GRATs to direct holdings.