SEC Form 4 · accession 0001127602-19-003525
BlackRock Inc. · BLK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Rachel Lord
Officer — Senior Managing Director
Period of report
Jan 31, 2019
Accepted (ET)
Feb 1, 2019 · 6:30 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 |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Jan 31, 2019 | A | 5,944 | $0.00 | A | 15,615 | D | |
| Common StockF3,F2 | Jan 31, 2019 | F | 3,709 | $408.33 | D | 11,906 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Reflects a 2016 BlackRock Performance Incentive Plan award value of $1,749,773 converted to 5,909 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). 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.
- F2Includes Common Stock as well as Restricted Stock Units that will vest over a period of 1 to 3 years. Each Restricted Stock Unit is 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.