Scott MacLellan - Jan 31, 2023 Form 4 Insider Report for BlackRock Multi-Sector Income Trust (BIT)

Role
Portfolio Manager
Signature
/s/ Gladys Chang as Attorney-in-Fact
Stock symbol
BIT
Transactions as of
Jan 31, 2023
Transactions value $
-$9,083
Form type
4
Date filed
2/2/2023, 05:36 PM
Previous filing
Feb 2, 2022
Next filing
Oct 26, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BIT Common Stock Options Exercise +952 +83.74% 2.09K Jan 31, 2023 Direct F1, F2, F3
transaction BIT Common Stock Disposed to Issuer -$14.3K -952 -45.57% $15.06 1.14K Jan 31, 2023 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 BIT Phantom Shares Award $5.25K +349 $15.06 349 Jan 31, 2023 Common Stock 349 Direct F1, F4
transaction BIT Phantom Shares Options Exercise -433 -50% 433 Jan 31, 2023 Common Stock 433 Direct F1, F2
transaction BIT Phantom Shares Options Exercise -518 -100% 0 Jan 31, 2023 Common Stock 518 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.