BlackRock Inc. 4
4 · BlackRock Inc. · Filed May 31, 2012
Insider Transaction Report
Form 4
PNC BANCORP INC/
10% Owner
Transactions
- Conversion
Series B Preferred Stock
2012-05-29−2,000,000→ 823,188 total - Conversion
Common Stock
2012-05-29+2,000,000→ 35,187,450 total
Footnotes (1)
- [F1]Pursuant to an Exchange Agreement, by and between PNC Bancorp, Inc. ("Bancorp"), The PNC Financial Services Group, Inc. and BlackRock, dated May 21, 2012, Bancorp and BlackRock exchanged 2,000,000 shares of Series B Convertible Participating Preferred Stock of BlackRock for an equal number of shares of BlackRock Common Stock. Pursuant to Rule 16a-1(a)(2)(ii)(B) under the Securities Exchange Act of 1934, as amended (the "Act"), each of the Reporting Persons may be deemed to be the beneficial owner of the securities reported herein only to the extent of his or its pecuniary interest therein. Pursuant to Rule 16a-1(a)(4) under the Act, this filing shall not be deemed an admission that any of the Reporting Persons is, for purposes of Section 16 of the Act or otherwise, the beneficial owner of any securities reported herein in excess of such amount.