Michael Perilli - 31 Jan 2023 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 2023
Net transactions value
+$1,829
Form type
4
Filing time
02 Feb 2023, 17:37:09 UTC
Previous filing
07 Oct 2022
Next filing
25 Mar 2024
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 +352 +96% 718 31 Jan 2023 Direct F1, F2, F3, F4
transaction BTA Common Stock Disposed to Issuer $3,571 -352 -49% $10.15 366 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 BTA Phantom Shares Award $5,400 +532 $10.15 532 31 Jan 2023 Common Stock 532 Direct F1, F5
transaction BTA Phantom Shares Options Exercise -95 -33% 190 31 Jan 2023 Common Stock 95 Direct F1, F2
transaction BTA Phantom Shares Options Exercise -123 -50% 123 31 Jan 2023 Common Stock 123 Direct F1, F3
transaction BTA Phantom Shares Options Exercise -134 -100% 0 31 Jan 2023 Common Stock 134 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 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 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.