SEC Form 4 · accession 0001127602-18-003774
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 31, 2018
Accepted (ET)
Feb 2, 2018 · 4:52 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 31, 2018 | A | 29,328 | $0.00 | A | 311,607 | D | |
| Shares Of Common Stock (par Value $0.01 Per Share)F3,F2 | Jan 31, 2018 | F | 30,499 | $562.29 | D | 281,108 | D | |
| Shares Of Common Stock (par Value $0.01 Per Share) | holding | — | — | — | 256,138 | I | By Grantor Retained Annuity Trusts |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Reflects a 2015 BlackRock Performance Incentive Plan award value of $9,209,812 (converted to 26,784 Restricted Stock Units by dividing the award value by $343.855, which was the average of the high and low price per share of Common Stock on January 16, 2015). The award was disclosed in the table on page 35 of BlackRock's 2015 Proxy Statement in the column headed "Long-Term Incentive Award (BPIP)". As outlined in BlackRock's 2015 Proxy Statement, the award was subject to adjustment based on certain performance metrics approved by the Management Development and Compensation Committee at the time of the award. Based on the Company's performance, the Restricted Stock Units vesting represent 109.5% of original award.
- F2Includes Common Stock, Restricted Stock that will vest over a period of 1 to 3 years and Restricted Stock Units that will vest in whole or in part only on the satisfaction of one or more previously-disclosed Common Stock price targets. Restricted Stock and Restricted Stock Units are payable solely by delivery of an equal number of shares of Common Stock.
- F3Represents the withholding by BlackRock of common stock to satisfy tax obligation on the vesting of the reporting person's awards granted under the Second Amended and Restated BlackRock, Inc. 1999 Stock Award and Incentive Plan.