4//SEC Filing
BlackRock Inc. 4
Accession 0001209191-11-049647
CIK 0001364742operating
Filed
Oct 2, 8:00 PM ET
Accepted
Oct 3, 2:20 PM ET
Size
6.3 KB
Accession
0001209191-11-049647
Insider Transaction Report
Form 4
PNC BANCORP INC/
10% Owner
Transactions
- Other
Series C Preferred Stock
2011-09-29−1,349,202→ 1,517,237 total
Footnotes (2)
- [F1]Pursuant to a share surrender agreement between the issuer, the reporting person and PNC, as amended, the reporting person agreed to contribute up to 4,000,000 shares of common stock to fund the issuer's 2002 Long-Term Retention and Incentive Plan (the "LTIP"). On February 27, 2009, reporting person exchanged 2,889,467 shares of Common Stock for an equal number of shares of Series C Convertible Participating Preferred Stock, par value $0.01 per share (the "Series C Preferred Stock"). In connection with the exchange, the share surrender agreement was amended to provide, among other things, that in lieu of the reporting person's obligation to surrender common stock, the reporting person will surrender a like number of shares of Series C Preferred Stock. On September 29, 2011, pursuant to the share surrender agreement, as amended, the reporting person transferred 1,349,202 shares of Series C Preferred Stock to the Issuer to fund the LTIP and other issuer long-term incentive plans.
- [F2]Each share of Series C Preferred Stock that the reporting person then holds that is not the subject of outstanding grants under the LTIP converts automatically into one share of common stock in the event of an acquisition of the issuer by another company or upon certain other specified events. The reporting person does not otherwise have any conversion rights.
Documents
Issuer
BlackRock Inc.
CIK 0001364742
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001364742
Filing Metadata
- Form type
- 4
- Filed
- Oct 2, 8:00 PM ET
- Accepted
- Oct 3, 2:20 PM ET
- Size
- 6.3 KB