4//SEC Filing
PNC BANCORP INC. 4
Accession 0001209191-18-006650
CIK 0001364742other
Filed
Feb 1, 7:00 PM ET
Accepted
Feb 2, 11:40 AM ET
Size
6.3 KB
Accession
0001209191-18-006650
Insider Transaction Report
Form 4
PNC BANCORP INC/
10% Owner
Transactions
- Other
Series C Preferred Stock
2018-01-31−103,064→ 143,458 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 January 31, 2018, pursuant to the share surrender agreement, as amended, the reporting person transferred 103,064 shares of Series C Preferred Stock to the Issuer.
- [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 typeother
Related Parties
1- filerCIK 0000938766
Filing Metadata
- Form type
- 4
- Filed
- Feb 1, 7:00 PM ET
- Accepted
- Feb 2, 11:40 AM ET
- Size
- 6.3 KB