BlackRock Resources & Commodities Strategy Trust — Director's Dealing 2020

Feb 5, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BlackRock Resources & Commodities Strategy Trust (BCX)
CIK: 0001506289
Period of Report: 2020-01-31

Reporting Person: Holl Thomas (Portfolio Manager)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-01-31	Common Stock	M	4905.8128	—	Acquired	4905.8128	Direct
2020-01-31	Common Stock	D	4905.8128	$7.51	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-01-31	Phantom Shares	$	A	4538.0506	Acquired		Common Stock (4538.0506)	Direct
2020-01-31	Phantom Shares	$	M	2024.4217	Disposed		Common Stock (2024.4217)	Direct
2020-01-31	Phantom Shares	$	M	2881.3911	Disposed		Common Stock (2881.3911)	Direct

Footnotes

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 4, 2019, the Reporting Person was granted phantom shares on January 31, 2019 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, 2018, the Reporting Person was granted phantom shares on January 31, 2018 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.