Peter Hayes - 31 Jan 2023 Form 4 Insider Report for BlackRock Taxable Municipal Bond Trust (BBN)

Role
Portfolio Manager
Signature
/s/ Gladys Chang as Attorney-in-Fact
Issuer symbol
BBN
Transactions as of
31 Jan 2023
Transactions value $
-$63,367
Form type
4
Filing time
02 Feb 2023, 15:45:25 UTC
Previous filing
05 Jul 2023
Next filing
03 Jul 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BBN Common Stock Options Exercise +5,245 5,244 31 Jan 2023 Direct F1, F2, F3
transaction BBN Common Stock Disposed to Issuer -$94,616 -5,245 -100% $18.04 0 31 Jan 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 BBN Phantom Shares Award $31,249 +1,732 $18.04 1,732 31 Jan 2023 Common Stock 1,732 Direct F1, F4
transaction BBN Phantom Shares Options Exercise -2,514 -33% 5,028 31 Jan 2023 Common Stock 2,514 Direct F1, F2
transaction BBN Phantom Shares Options Exercise -2,731 -50% 2,730 31 Jan 2023 Common Stock 2,730 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, 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 These phantom shares vest in equal installments on each of the first three anniversaries of the award.