X0202 4 2007-01-25 0 0001364742 BlackRock Inc. BLK 0001059242 GOLUB BENNETT BLACKROCK, INC. 40 EAST 52ND STREET NEW YORK NY 10022 0 1 0 0 Head of Portfolio Risk Mgmnt Shares of Common Stock (par value $0.01 per share) 2007-01-25 4 A 0 3774 0.00 A 230900.48 D Shares of Common Stock (par value $0.01 per share) 18741.0659 I By familiy trust Shares of Common Stock (par value $0.01 per share) 18741.0659 I By familiy trust Shares of Common Stock (par value $0.01 per share) 18741.0659 I By familiy trust 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 2006 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 $170.90, which was the average of the high and low price per share of Common Stock on January 25, 2007. This formula was approved by the Management Development and Compensation Committee on January 16, 2007. Each Restricted Stock Unit is payable solely by delivery of an equal number of shares of Common Stock and vests in equal installments on 1/31/08, 1/31/09 and 1/31/10. Includes 2,685 shares of restricted Common Stock granted under the BlackRock, Inc. 1999 Stock Award and Incentive Plan, vesting on 12/15/07. Also, includes 5,961 Restricted Stock Units granted under the BlackRock, Inc. 1999 Stock Award and Incentive Plan, vesting in three equal installments on 1/31/07, 1/31/08 and 1/31/09. Each Restricted Stock Unit is payable solely by delivery of an equal number of shares of Common Stock. These shares are held in a trust for the benefit of one of the reporting person's children. The reporting person and the reporting person's spouse are trustees of the trust. The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose. /s/ Daniel R. Waltcher as Attorney-in-Fact for Bennett W. Golub 2007-01-29