SEC Form 4 · accession 0001127602-19-003524
BlackRock Inc. · BLK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Laurence Fink
Officer — Chairman and CEO · Director
Period of report
Jan 31, 2019
Accepted (ET)
Feb 1, 2019 · 6:29 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, 2019 | S | 6,428 | $412.57 | D | 1,039,461 | D | |
| Shares Of Common Stock (par Value $0.01 Per Share)F3,F2 | Jan 31, 2019 | S | 2,620 | $413.19 | D | 1,036,841 | D | |
| Shares Of Common Stock (par Value $0.01 Per Share)F4,F2 | Jan 31, 2019 | A | 41,734 | $0.00 | A | 1,078,575 | D | |
| Shares Of Common Stock (par Value $0.01 Per Share)F5,F2 | Jan 31, 2019 | F | 28,070 | $408.33 | D | 1,050,505 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1This transaction was executed in multiple trades at prices ranging from $412.00 to $412.99. The price reported represents the weighted average sale price of these trades. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the shares sold at each separate price.
- F2Includes Common Stock as well as Restricted Stock and Restricted Stock Units that vest over a period of 1 to 3 years. Each Restricted Stock and Restricted Stock Unit are payable solely by delivery of an equal number of shares of Common Stock.
- F3This transaction was executed in multiple trades at prices ranging from $413.01 to $413.51. The price reported represents the weighted average sale price of these trades. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the shares sold at each separate price.
- F4Reflects a 2016 BlackRock Performance Incentive Plan award value of $12,284,834 converted to 41,486 Restricted Stock Units by dividing the award value by $296.12, which was the average of the high and low price per share of Common Stock on January 19, 2016).The award was disclosed in the table on page 40 of BlackRock's 2016 Proxy Statement in the column headed "Long-Term Incentive Award (BPIP)." As outlined in BlackRock's 2016 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 100.6% of original award.
- F5Represents 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.