4//SEC Filing
BlackRock Inc. 4
Accession 0001127602-14-002606
CIK 0001364742operating
Filed
Jan 21, 7:00 PM ET
Accepted
Jan 22, 7:55 PM ET
Size
9.0 KB
Accession
0001127602-14-002606
Insider Transaction Report
Form 4
Blumer David
Senior Managing Director
Transactions
- Award
Shares Of Common Stock (par Value $0.01 Per Share)
2014-01-17+3,042→ 3,042 total - Award
Shares Of Common Stock (par Value $0.01 Per Share)
2014-01-17+4,736→ 7,778 total
Footnotes (5)
- [F1]Reflects an award value of $970,849 converted to a number of Restricted Stock Units by dividing the approved award value by $319.055, which was the average of the high and low price per share of Common Stock on January 17, 2014. This grant was approved by the Management Development and Compensation Committee on January 14, 2014. Restricted Stock Units vest in installments with 33% vesting on 1/31/15, 33% vesting on 1/31/16 and 34% vesting on 1/31/17.
- [F2]Includes (i) 3,042 Restricted Stock Units vesting in installments on 1/31/15, 1/31/16 and 1/31/17. Each Restricted Stock Unit is payable solely by delivery of an equal number of shares of Common Stock.
- [F3]Reflects an award value of $925,000 converted to a number of Restricted Stock Units using a $195.30 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 14, 2014. This award of 4,736 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 $366.913 for at least 20 consecutive trading days, (B) 33% of the award if the price of a share of Common Stock is at least $398.819 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 $430.724 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 $366.913, where "Vesting Date" shall mean any of January 31, 2018, January 31, 2019 and January 31, 2020. Accordingly, no portion of this award may vest and be eligible for payment before January 31, 2018 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, 2020 shall on such date expire and be cancelled.
- [F5]Includes (i) 3,042 Restricted Stock Units vesting in installments on 1/31/15, 1/31/16 and 1/31/17 and (ii) 4,736 Restricted Stock Units awarded on 1/17/14 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 1/31/18 and will expire on 1/31/20 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 typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001364742
Filing Metadata
- Form type
- 4
- Filed
- Jan 21, 7:00 PM ET
- Accepted
- Jan 22, 7:55 PM ET
- Size
- 9.0 KB