Jeffrey Cucunato - Jan 31, 2023 Form 4 Insider Report for BLACKROCK CREDIT ALLOCATION INCOME TRUST (BTZ)

Role
Portfolio Manager
Signature
/s/ Gladys Chang as Attorney-in-Fact
Stock symbol
BTZ
Transactions as of
Jan 31, 2023
Transactions value $
$63,498
Form type
4
Date filed
2/2/2023, 05:54 PM
Previous filing
Feb 2, 2022
Next filing
Feb 2, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BTZ Common Stock Options Exercise +1.85K 1.85K Jan 31, 2023 Direct F1, F2
transaction BTZ Common Stock Disposed to Issuer -$21K -1.85K -100% $11.32 0 Jan 31, 2023 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 BTZ Phantom Shares Award $84.5K +7.46K $11.32 7.46K Jan 31, 2023 Common Stock 7.46K Direct F1, F3
transaction BTZ Phantom Shares Options Exercise -1.85K -33.33% 3.71K Jan 31, 2023 Common Stock 1.85K 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 3, 2022, the Reporting Person was granted phantom shares on January 31, 2022 payable in cash on vesting, which occurs in equal installments on each of the first three anniversaries of the grant date.
F3 These phantom shares vest in equal installments on each of the first three anniversaries of the award.