Patrick Wolfe - 31 Jan 2023 Form 4 Insider Report for BlackRock Credit Strategies Fund

Role
Portfolio Manager
Signature
/s/ Gladys Chang as Attorney-in-Fact
Issuer symbol
N/A
Transactions as of
31 Jan 2023
Net transactions value
+$90,927
Form type
4
Filing time
02 Feb 2023, 18:14:36 UTC
Previous filing
07 Jun 2022
Next filing
02 Feb 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction Common Stock Options Exercise +10,311 10,311 31 Jan 2023 Direct F1, F2, F3, F4
transaction Common Stock Disposed to Issuer $89,913 -10,311 -100% $8.72* 0 31 Jan 2023 Direct F1, F2, F3, F4

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 Phantom Shares Award $180,840 +20,739 $8.72* 20,739 31 Jan 2023 Common Stock 20,739 Direct F1, F5
transaction Phantom Shares Options Exercise -3,732 -33% 7,465 31 Jan 2023 Common Stock 3,732 Direct F1, F2
transaction Phantom Shares Options Exercise -3,302 -50% 3,302 31 Jan 2023 Common Stock 3,302 Direct F1, F3
transaction Phantom Shares Options Exercise -3,277 -100% 0 31 Jan 2023 Common Stock 3,277 Direct F1, F4
* 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, 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 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.
F4 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.
F5 These phantom shares vest in equal installments on each of the first three anniversaries of the award.