BLACKROCK CREDIT ALLOCATION INCOME TRUST — Director's Dealing 2012

Jul 3, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BLACKROCK CREDIT ALLOCATION INCOME TRUST IV (BTZ)
CIK: 0001379384
Period of Report: 2012-06-29

Reporting Person: FABOZZI FRANK (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-06-29	Performance Rights	$	J	24.4	Disposed		Common Stock (24.4)	Direct

Footnotes

F1: The Performance Rights were accrued under the BlackRock Deferred Compensation Plan.

F2: One Performance Right is convertible into the cash value of one share of BlackRock Credit Allocation Income Trust IV.

F3: These Performance Rights were disposed of in connection with the liquidation of the issuers of these Performance Rights.

F4: The Performance Rights are to be settled 100% in cash at the deferral period chosen by the reporting person.