Michael Perilli - Jan 31, 2022 Form 4 Insider Report for BlackRock Long-Term Municipal Advantage Trust (BTA)

Role
Portfolio Manager
Signature
/s/ Gladys Chang as Attorney-in-Fact
Stock symbol
BTA
Transactions as of
Jan 31, 2022
Transactions value $
$337
Form type
4
Date filed
2/3/2022, 10:44 AM
Previous filing
Nov 24, 2021
Next filing
Oct 7, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BTA Common Stock Options Exercise +242 +67.11% 603 Jan 31, 2022 Direct F1, F2, F3
transaction BTA Common Stock Disposed to Issuer -$3.04K -242 -40.16% $12.54 361 Jan 31, 2022 Direct F1, F2, F3

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 BTA Phantom Shares Award $3.38K +269 $12.54 269 Jan 31, 2022 Common Stock 269 Direct F1, F4
transaction BTA Phantom Shares Options Exercise -116 -33.33% 231 Jan 31, 2022 Common Stock 116 Direct F1, F2
transaction BTA Phantom Shares Options Exercise -127 -50% 127 Jan 31, 2022 Common Stock 127 Direct F1, F3
* 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 2, 2021, the Reporting Person was granted phantom shares on January 29, 2021 payable in cash on vesting, which occurs in equal installments on each of the first three anniversaries of the grant date.
F3 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.
F4 These phantom shares vest in equal installments on each of the first three anniversaries of the award.