Phillip Soccio - Jan 31, 2023 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, 2023
Transactions value $
$1,275
Form type
4
Date filed
2/2/2023, 03:43 PM
Previous filing
Oct 26, 2022
Next filing
Mar 10, 2023

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 $1.28K +126 $10.15 126 Jan 31, 2023 Common Stock 126 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 These phantom shares vest in equal installments on each of the first three anniversaries of the award.