4//SEC Filing
BlackRock Inc. 4
Accession 0001209191-08-005423
CIK 0001364742operating
Filed
Jan 23, 7:00 PM ET
Accepted
Jan 24, 5:40 PM ET
Size
11.1 KB
Accession
0001209191-08-005423
Insider Transaction Report
Form 4
AMERO SCOTT
Vice Chairman
Transactions
- Award
Shares of Common Stock (par value $0.01 per share)
2008-01-23+1,368→ 51,794.5 total - Award
Shares of Common Stock (par value $0.01 per share)
2008-01-22+10,291→ 50,426.5 total - Disposition to Issuer
Shares of Common Stock (par value $0.01 per share)
2008-01-23$203.00/sh−1,368$277,704→ 50,426.5 total
Footnotes (4)
- [F1]Restricted Stock Units granted under the 1999 Stock Award and Incentive Plan as part of the reporting person's bonus approved by the Management Development and Compensation Committee of the Board of Directors for the 2007 fiscal year under the Amended and Restated 1999 Annual Incentive Performance Plan. The number of Restricted Stock Units was determined by dividing the approved dollar value of the equity award by $198.81, which was the average of the high and low price per share of Common Stock on January 22, 2008. This formula was approved by the Management Development and Compensation Committee on January 15, 2008. Each Restricted Stock Unit is payable solely by delivery of an equal number of shares of Common Stock and vests in equal installments on 1/31/09, 1/31/10 and 1/31/11.
- [F2]Includes 3,536 restricted stock units granted under the Blackrock, Inc. 1999 Stock Award and Incentive Plan (the "Incentive Plan"), vesting in equal installments on 1/31/08 and 1/31/09 and 6,098 restricted stock units granted under the Incentive Plan, vesting as follows: 2,032 units on 1/31/08, 2,033 units on 1/31/09 and 2,033 units on 1/31/10. Each restricted stock unit is payable solely by delivery of an equal number of shares of common stock.
- [F3]Issuance of shares in settlement of 83.33% of cash denominated awards made in 2004 under the BlackRock, Inc. 2002 Long-Term Retention and Incentive Plan (the "2002 LTIP"). On January 15, 2008, the Management Development and Compensation Committee approved January 23, 2008 as the payment date for 2004 awards pursuant to the 2002 LTIP. The number of shares of Common Stock reflected above was determined pursuant to the terms of the 2002 LTIP by dividing 83.33% of the vested 2002 LTIP award by $203.00, the closing price of Common Stock on January 22, 2008.
- [F4]Represents the disposition of Common Stock to BlackRock, Inc. (as approved by the Management Development and Compensation Committee) pursuant to the exercise of put rights pursuant to the 2002 LTIP. The 2002 LTIP allowed award beneficiaries to put Common Stock to be received under the 2002 LTIP to BlackRock, Inc. on the payment date at the same price per share as that used for calculating the number of shares to be paid.
Documents
Issuer
BlackRock Inc.
CIK 0001364742
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001364742
Filing Metadata
- Form type
- 4
- Filed
- Jan 23, 7:00 PM ET
- Accepted
- Jan 24, 5:40 PM ET
- Size
- 11.1 KB