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

Role
Portfolio Manager
Signature
/s/ Gladys Chang as Attorney-in-Fact
Issuer symbol
BTA
Transactions as of
31 Jan 2022
Net transactions value
+$337
Form type
4
Filing time
03 Feb 2022, 10:44:35 UTC
Previous filing
24 Nov 2021
Next filing
07 Oct 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BTA Common Stock Options Exercise +242 +67% 603 31 Jan 2022 Direct F1, F2, F3
transaction BTA Common Stock Disposed to Issuer $3,038 -242 -40% $12.54 361 31 Jan 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 $3,375 +269 $12.54 269 31 Jan 2022 Common Stock 269 Direct F1, F4
transaction BTA Phantom Shares Options Exercise -116 -33% 231 31 Jan 2022 Common Stock 116 Direct F1, F2
transaction BTA Phantom Shares Options Exercise -127 -50% 127 31 Jan 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.