4//SEC Filing
HALLAC CHARLES 4
Accession 0001127602-13-002455
CIK 0001364742other
Filed
Jan 22, 7:00 PM ET
Accepted
Jan 23, 6:50 PM ET
Size
12.4 KB
Accession
0001127602-13-002455
Insider Transaction Report
Form 4
HALLAC CHARLES
Member of Office of Chairman
Transactions
- Award
Shares Of Common Stock (par Value $0.01 Per Share)
2013-01-18+11,445→ 570,710.383 total - Award
Shares Of Common Stock (par Value $0.01 Per Share)
2013-01-18+21,694→ 592,404.383 total
Holdings
- 58,704.392(indirect: By Trust)
Shares Of Common Stock (par Value $0.01 Per Share)
- 36,847.392(indirect: By Trust)
Shares Of Common Stock (par Value $0.01 Per Share)
- 682.142(indirect: By Trust)
Shares Of Common Stock (par Value $0.01 Per Share)
Footnotes (5)
- [F1]Reflects an award value of $2,662,500 converted to a number of Restricted Stock Units by dividing the approved award value by $232.63, which was the average of the high and low price per share of Common Stock on January 18, 2013. This grant was approved by the Management Development and Compensation Committee on January 15, 2013. Restricted Stock Units vest in installments with 33% vesting on 1/31/14, 33% vesting on 1/31/15 and 34% vesting on 1/31/16.
- [F2]Includes (i) 3,848 shares of Restricted Stock vesting on 1/31/13, (ii) 11,061 shares of Restricted Stock vesting in installments on 1/31/13 and 1/31/14, (iii) 11,227 shares of Restricted Stock vesting on 1/31/14, (iv) 13,744 Restricted Stock Units vesting in installments on 1/31/13, 1/31/14 and 1/31/15, (v) 11,445 Restricted Stock Units vesting in installments on 1/31/14, 1/31/15 and 1/31/16 and (vi) 19,660 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. Each Restricted Stock Unit is payable solely by delivery of an equal number of shares of Common Stock.
- [F3]Reflects an award value of $2,750,000 converted to a number of Restricted Stock Units using a $126.76 per unit value. The per unit value used for conversion represents a discount to the full value of a share of BlackRock stock on the grant date to account for the performance requirements and the risk of the award not vesting if certain performance requirements are not met. This grant was approved by the Management Development and Compensation Committee on January 15, 2013. This award of 21,694 Restricted Stock Units will vest and be eligible for payment in respect of (A) 33% of the award if the price of a share of Common Stock is at least $267.525 for at least 20 consecutive trading days, (B) 33% of the award if the price of a share of Common Stock is at least $290.788 for at least 20 consecutive trading days and
- [F4][Footnote 3 cont.] (C) 34% of the award if the price of a share of Common Stock is at least $314.051 for at least 20 consecutive trading days; provided that, such vesting and eligibility for payment shall occur only if the price of a share of Common Stock on any Vesting Date which occurs subsequent to satisfaction of a condition described in clauses (A), (B) or (C) is at least $267.525, where "Vesting Date" shall mean any of January 31, 2017, January 31, 2018 and January 31, 2019. Accordingly, no portion of this award may vest and be eligible for payment before January 31, 2017 and any portion of this award that has not become vested and eligible for payment, based on the above performance requirements, on or before January 31, 2019 shall on such date expire and be cancelled.
- [F5]Includes (i) 3,848 shares of Restricted Stock vesting on 1/31/13, (ii) 11,061 shares of Restricted Stock vesting in installments on 1/31/13 and 1/31/14, (iii) 11,227 shares of Restricted Stock vesting on 1/31/14, (iv) 13,744 Restricted Stock Units vesting in installments on 1/31/13, 1/31/14 and 1/31/15, (v) 11,445 Restricted Stock Units vesting in installments on 1/31/14, 1/31/15 and 1/31/16, (vi) 19,660 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 and (vii) 21,694 Restricted Stock Units awarded on 1/18/13 that will vest in whole or in part only on the satisfaction of one or more Common Stock price targets as reflected in notes 3 and 4 above, but which may not vest before 1/31/17 and will expire on 1/31/19 to the extent not then vested. Each Restricted Stock Unit is payable solely by delivery of an equal number of shares of Common Stock.
Documents
Issuer
BlackRock Inc.
CIK 0001364742
Entity typeother
Related Parties
1- filerCIK 0001059234
Filing Metadata
- Form type
- 4
- Filed
- Jan 22, 7:00 PM ET
- Accepted
- Jan 23, 6:50 PM ET
- Size
- 12.4 KB