0001209191-12-005148.txt : 20120124
0001209191-12-005148.hdr.sgml : 20120124
20120124170456
ACCESSION NUMBER: 0001209191-12-005148
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20120120
FILED AS OF DATE: 20120124
DATE AS OF CHANGE: 20120124
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: BlackRock Inc.
CENTRAL INDEX KEY: 0001364742
STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211]
IRS NUMBER: 320174431
STATE OF INCORPORATION: DE
FISCAL YEAR END: 0226
BUSINESS ADDRESS:
STREET 1: 55 EAST 52ND STREET
CITY: NEW YORK
STATE: NY
ZIP: 10055
BUSINESS PHONE: 212-810-5300
MAIL ADDRESS:
STREET 1: 55 EAST 52ND STREET
CITY: NEW YORK
STATE: NY
ZIP: 10055
FORMER COMPANY:
FORMER CONFORMED NAME: BlackRock, Inc.
DATE OF NAME CHANGE: 20060929
FORMER COMPANY:
FORMER CONFORMED NAME: New BlackRock, Inc.
DATE OF NAME CHANGE: 20060601
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Kushel J. Richard
CENTRAL INDEX KEY: 0001059240
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-33099
FILM NUMBER: 12542524
MAIL ADDRESS:
STREET 1: BLACKROCK, INC.
STREET 2: 55 EAST 52ND STREET
CITY: NEW YORK
STATE: NY
ZIP: 10055
FORMER NAME:
FORMER CONFORMED NAME: KUSHEL RICHARD
DATE OF NAME CHANGE: 19980406
4
1
doc4.xml
FORM 4 SUBMISSION
X0304
4
2012-01-20
0
0001364742
BlackRock Inc.
BLK
0001059240
Kushel J. Richard
BLACKROCK, INC.
55 EAST 52ND STREET
NEW YORK
NY
10055
0
1
0
0
Senior Managing Director
Shares of Common Stock (par value $0.01 per share)
2012-01-20
4
A
0
5647
0.00
A
115395
D
Shares of Common Stock (par value $0.01 per share)
2012-01-20
4
A
0
19660
0.00
A
135055
D
Shares of Common Stock (par value $0.01 per share)
45000
I
By The Kushel Family 2011 Dynasty Trust
Shares of Common Stock (par value $0.01 per share)
1000
I
By Family Trust
Shares of Common Stock (par value $0.01 per share)
1000
I
By Family Trust
Reflects an award value of $1,037,500 converted to a number of Restricted Stock Units by dividing the approved award value by $183.71, which was the average of the high and low price per share of Common Stock on January 20, 2012. This grant was approved by the Management Development and Compensation Committee on January 17, 2012. Restricted Stock Units vest in installments with 33% vesting on 1/31/13, 33% vesting on 1/31/14 and 34% vesting on 1/31/15.
Includes (i) 2,178 Restricted Stock Units vesting on 1/31/12, (ii) 2,514 shares of Restricted Stock vesting in equal installments on 1/31/12 and 1/31/13, (iii) 3,429 shares of Restricted Stock vesting on 1/31/12, (iv) 7,796 shares of Restricted Stock vesting in installments on 1/31/12, 1/31/13 and 1/31/14, (v) 11,227 shares of Restricted Stock vesting on 1/31/14 and (vi) 5,647 Restricted Stock Units vesting in installments on 1/31/13, 1/31/14 and 1/31/15. Each Restricted Stock Unit is payable solely by delivery of an equal number of shares of Common Stock.
Reflects an award value of $2,250,000 converted to a number of Restricted Stock Units using a $114.445 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 17, 2012. This award of 19,660 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 $211.266 for at least 20 consecutive trading days, (B) 33% of the award if the price of a share of Common Stock is at least $229.637 for at least 20 consecutive trading days and
[Footnote 3 cont.] (C) 34% of the award if the price of a share of Common Stock is at least $248.008 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 $211.266, where "Vesting Date" shall mean any of January 31, 2016, January 31, 2017 and January 31, 2018. Accordingly, no portion of this award may vest and be eligible for payment before January 31, 2016 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, 2018 shall on such date expire and be cancelled.
Includes (i) 2,178 Restricted Stock Units vesting on 1/31/12, (ii) 2,514 shares of Restricted Stock vesting in equal installments on 1/31/12 and 1/31/13, (iii) 3,429 shares of Restricted Stock vesting on 1/31/12, (iv) 7,796 shares of Restricted Stock vesting in installments on 1/31/12, 1/31/13 and 1/31/14, (v) 11,227 shares of Restricted Stock vesting on 1/31/14, (vi) 5,647 Restricted Stock Units vesting in installments on 1/31/13, 1/31/14 and 1/31/15 and (vii) 19,660 Restricted Stock Units awarded on 1/20/12 that will vest in whole or in part only on the satisfaction of one or more previously-disclosed Common Stock price targets, but which may not vest before 1/31/16 and will expire on 1/31/18 to the extent not then vested. Each Restricted Stock Unit is payable solely by delivery of an equal number of shares of Common Stock.
/s/ Daniel R. Waltcher as Attorney-in-Fact for J. Richard Kushel
2012-01-24