SEC Form 4 · accession 0001209191-17-022913
BlackRock Preferred Partners LLC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Edward Rzeszowski
Other
Period of report
Jan 31, 2017
Accepted (ET)
Mar 27, 2017 · 12:16 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001517462
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom SharesF1 | — | Jan 31, 2017 | A | 954 | A | — | — | Common Units | 954 | 954 | D |
Explanation of responses
- F1A phantom share is the economic equivalent of one common unit and, subject to the applicable vesting requirements, becomes payable in cash. These phantom shares vest in equal installments on each of the first three anniversaries of the award.