SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
BANK OF AMERICA CORP /DE/

(Last) (First) (Middle)
100 N TRYON STREET

(Street)
CHARLOTTE NC 28255

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
BlackRock Inc. [ BLK ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
02/22/2011
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 02/22/2011 P 85(2) A $198.91 586(3)(4) I By Subsidiary(1)(5)(6)(7)
Common Stock 02/28/2011 S 85(2) D $203.85 586(3)(4) I By Subsidiary(1)(5)(6)(7)
Common Stock 03/03/2011 P 75(2) A $205.07 586(3)(4) I By Subsidiary(1)(5)(6)(7)
Common Stock 03/03/2011 P 195(2) A $205.0176 586(3)(4) I By Subsidiary(1)(5)(6)(7)
Common Stock 03/04/2011 S 195(2) D $202.22 586(3)(4) I By Subsidiary(1)(5)(6)(7)
Common Stock 03/04/2011 S 75(2) D $202.33 586(3)(4) I By Subsidiary(1)(5)(6)(7)
Common Stock 03/08/2011 S 3,000(2) D $198.7743 586(3)(4) I By Subsidiary(1)(5)(6)(7)
Common Stock 03/08/2011 P 3,000(2) A $198.3345 586(3)(4) I By Subsidiary(1)(5)(6)(7)
Common Stock 03/09/2011 P 3,000(2) A $197.76 586(3)(4) I By Subsidiary(1)(5)(6)(7)
Common Stock 03/10/2011 P 25(2) A $189.93 586(3)(4) I By Subsidiary(1)(5)(6)(7)
Common Stock 03/11/2011 S 3,000(2) D $189 586(3)(4) I By Subsidiary(1)(5)(6)(7)
Common Stock 03/11/2011 S 25(2) D $189.8 586(3)(4) I By Subsidiary(1)(5)(6)(7)
Common Stock 03/16/2011 P 22(2) A $182 586(3)(4) I By Subsidiary(1)(5)(6)(7)
Common Stock 03/16/2011 P 50(2) A $182.07 586(3)(4) I By Subsidiary(1)(5)(6)(7)
Common Stock 03/18/2011 S 22(2) D $184.87 586(3)(4) I By Subsidiary(1)(5)(6)(7)
Common Stock 03/21/2011 S 50(2) D $185.94 586(3)(4) I By Subsidiary(1)(5)(6)(7)
Common Stock 03/23/2011 P 100(2) A $184 586(3)(4) I By Subsidiary(1)(5)(6)(7)
Common Stock 03/24/2011 S 100(2) D $185.03 586(3)(4) I By Subsidiary(1)(5)(6)(7)
Common Stock 03/24/2011 P 16(2) A $185.6113 586(3)(4) I By Subsidiary(1)(5)(6)(7)
Common Stock 03/29/2011 P 10(2) A $185.91 586(3)(4) I By Subsidiary(1)(5)(6)(7)
Common Stock 04/01/2011 S 10(2) D $203.88 586(3)(4) I By Subsidiary(1)(5)(6)(7)
Common Stock 04/04/2011 S 4(2) D $201.09 586(3)(4) I By Subsidiary(1)(5)(6)(7)
Common Stock 04/04/2011 S 12(2) D $201.06 586(3)(4) I By Subsidiary(1)(5)(6)(7)
Common Stock 04/08/2011 P 200(2) A $196.4668 586(3)(4) I By Subsidiary(1)(5)(6)(7)
Common Stock 04/13/2011 S 200(2) D $194.7428 586(3)(4) I By Subsidiary(1)(5)(6)(7)
Common Stock 04/18/2011 P 25(2) A $189.95 586(3)(4) I By Subsidiary(1)(5)(6)(7)
Common Stock 04/20/2011 P 1,700(2) A $194.1309 586(3)(4) I By Subsidiary(1)(5)(6)(7)
Common Stock 04/20/2011 S 1,700(2) D $194.1309 586(3)(4) I By Subsidiary(1)(5)(6)(7)
Common Stock 04/25/2011 S 25(2) D $196.34 586(3)(4) I By Subsidiary(1)(5)(6)(7)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Series B Convertible Participating Preferred Stock (4) (4) (4) Common Stock (4) 13,562,878 I See Footnotes(1)(5)(6)(7)
Explanation of Responses:
1. This Form 4 is being filed by Bank of America Corporation ("BAC"), a Delaware corporation and bank holding company registered under the Bank Holding Company Act of 1956, on behalf of its subsidiaries.
2. Transaction executed by the error correction section of Merrill Lynch, Pierce, Fenner & Smith Incorporated ("MLPFS"), a broker-dealer and subsidiary of BAC, to correct errors made in connection with agency brokerage trades made on behalf of clients of MLPFS.
3. In connection with this transaction, BAC has agreed to voluntarily remit appropriate profits, if any, to the Issuer. BAC disclaims that such transaction is subject to reporting under Section 16(a) or disgorgement under Section 16(b), and this report shall not be deemed an admission that those sections apply to such transaction.
4. In addition to the shares of Common Stock reported herein, as of the date of this transaction BAC was also the beneficial owner of 13,562,878 shares of Series B Convertible Participating Preferred Stock (the "Series B Preferred Stock"), as reported in Table II. The Series B Preferred Stock automatically converts into Common Stock on a 1-for-1 basis upon transfer to a third party and has no expiration date. As reported on a Form 4 filed on May 23, 2011, BAC is no longer the beneficial owner of any shares of the Series B Preferred Stock.
5. Each of BAC, Merrill Lynch & Co., Inc. ("ML&Co."), MLPFS and Merrill Lynch Group, Inc. ("ML Group", and collectively the "Reporting Persons") disclaims beneficial ownership of these securities, except to the extent of its pecuniary interest therein. As reported on a Form 4 filed on May 23, 2011, BAC is no longer the beneficial owner of any shares of the Series B Preferred Stock.
6. BAC owns the Common Stock indirectly through its wholly owned subsidiary MLPFS. As of the date of this transaction, BAC owned the Series B Preferred Stock indirectly through its wholly owned subsidiary, ML Group. As reported on a Form 4 filed on May 23, 2011, BAC is no longer the beneficial owner of any shares of the Series B Preferred Stock.
7. Pursuant to the Third Amended and Restated Stockholder Agreement dated as of November 15, 2010, as may be amended from time to time, between ML&Co., ML Group and the Issuer, once ML&Co. and its affiliates have beneficially owned less than five percent of the Issuer's capital stock for a period of 90 days, ML&Co.'s designee to the Issuer's board of directors is required to resign. As reported on a Form 4 filed on May 23, 2011, the Issuer has waived this requirement to allow ML&Co.'s designee to continue to serve as a member of the Issuer's board of directors, subject to future review by the Issuer's board of directors. Each of the Reporting Persons other than ML&Co. disclaims its possible status as director of the Issuer.
Remarks:
/s/ Beth Dorfman, Authorized Signatory for Bank of America 06/06/2011
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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