Abigail Parzanese - Jan 31, 2022 Form 4 Insider Report for BLACKROCK FLOATING RATE INCOME TRUST (BGT)

Signature
/s/ Gladys Chang as Attorney-in-Fact
Stock symbol
BGT
Transactions as of
Jan 31, 2022
Transactions value $
-$1,262
Form type
4
Date filed
2/2/2022, 08:35 PM
Next filing
Feb 2, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BGT Common Stock Options Exercise +94.2 94.2 Jan 31, 2022 Direct F1, F2
transaction BGT Common Stock Disposed to Issuer -$1.26K -94.2 -100% $13.39 0 Jan 31, 2022 Direct F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction BGT Phantom Shares Options Exercise +94.2 94.2 Jan 31, 2022 Common Stock 94.2 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 A phantom share is the economic equivalent of one share of common stock and, subject to the applicable vesting requirements, becomes payable in cash.
F2 As previously reported on a Form 4 dated February 4, 2020, the Reporting Person was granted phantom shares on January 31, 2020 payable in cash on vesting, which occurs in equal installments on each of the first three anniversaries of the grant date.