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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1 )*
BlackRock, Inc.
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(Name of Issuer)
Common Stock, $.01 par value
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(Title of Class of Securities)
09247X101
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(CUSIP Number)
February 29, 2000 - Amendment pursuant to Rule 13d-2(c)
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[X] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[ ] Rule 13d-1(d)
* The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which would
alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
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CUSIP NO. 09247X101
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1. NAMES OF REPORTING PERSONS.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
Boston Partners Asset Management, L.P.
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) [ ]
(b) [ ]
Not applicable
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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5. SOLE VOTING POWER
NUMBER OF
SHARES -0- shares
BENEFICIALLY
OWNED BY -----------------------------------------------------------------------
EACH 6. SHARED VOTING POWER
REPORTING
PERSON 907,100 shares
WITH: -----------------------------------------------------------------------
7. SOLE DISPOSITIVE POWER
-0- shares
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8. SHARED DISPOSITIVE POWER
907,100 shares
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
907,100 shares
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10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE
INSTRUCTIONS)
Not applicable
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
10.1 %
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12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IA
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CUSIP NO. 09247X101
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1. NAMES OF REPORTING PERSONS.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
Boston Partners, Inc.
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) [ ]
(b) [ ]
Not applicable
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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5. SOLE VOTING POWER
NUMBER OF
SHARES
BENEFICIALLY -0- shares
OWNED BY
EACH --------------------------------------------------------------------
REPORTING 6. SHARED VOTING POWER
PERSON
WITH:
907,100 shares
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7. SOLE DISPOSITIVE POWER
-0- shares
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8. SHARED DISPOSITIVE POWER
907,100 shares
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
907,100 shares
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10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE
INSTRUCTIONS)
Not applicable
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
10.1 %
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12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
CO
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CUSIP NO. 09247X101
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1. NAMES OF REPORTING PERSONS.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
Desmond John Heathwood
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) [ ]
(b) [ ]
Not applicable
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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5. SOLE VOTING POWER
NUMBER OF
SHARES -0- shares
BENEFICIALLY
OWNED BY -------------------------------------------------------------------
EACH 6. SHARED VOTING POWER
REPORTING
PERSON 907,100 shares
WITH: -------------------------------------------------------------------
7. SOLE DISPOSITIVE POWER
-0- shares
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8. SHARED DISPOSITIVE POWER
907,100 shares
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
907,100 shares
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10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS)
Not applicable
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
10.1 %
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12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
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ITEM 1. (a) Name of Issuer:
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BlackRock, Inc. (the "Issuer")
(b) Address of Issuer's Principal Executive Offices:
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345 Park Avenue, New York, New York, 10154
ITEM 2. (a) Names of Persons Filing:
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Boston Partners Asset Management, L.P. ("BPAM"), Boston Partners, Inc. ("Boston
Partners"), and Desmond John Heathwood. BPAM, Boston Partners, and Mr. Heathwood are
sometimes referred to collectively herewith as the "Reporting Persons."
(b) Address of Principal Business Office or, if None, Residence:
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The address of the principal business office of BPAM, Boston Partners, and Mr.
Heathwood is 28 State Street, 20th Floor, Boston, MA 02109.
(c) Citizenship:
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BPAM is a Delaware limited partnership. Boston Partners is a Delaware corporation.
Mr. Heathwood is a United States citizen.
(d) Title of Class of Securities:
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Common Stock, $.01 par value ("Common Stock").
(e) CUSIP Number: 09247X101
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ITEM 3. If this statement is filed pursuant to Sections 240.13d-1(b) or 240.13d-2(b) or (c), check
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whether the person filing is a:
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(a) [ ] Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).
(b) [ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
(c) [ ] Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C.
78c).
(d) [ ] Investment company registered under section 8 of the Investment
Company Act of 1940 (15 U.S.C. 80a-8).
(e) [X] An investment adviser in accordance with Section 240.13d-1(b)(1)(ii)(E).
(f) [ ] An employee benefit plan or endowment fund in accordance with
Section 240.13d-1(b)(1)(ii)(F).
(g) [ ] A parent holding company or control person in accordance with
Section 240.13d-1(b)(1)(ii)(G).
(h) [ ] A savings association as defined in section 3(b) of the Federal Deposit
Insurance Act (12 U.S.C. 1813).
(i) [ ] A church plan that is excluded from the definition of an investment
company under section 3(c)(14) of the Investment Company Act of 1940
(15 U.S.C. 80a-3).
(j) [ ] Group, in accordance with Section 240.13d-1(b)(1)(ii)(J).
ITEM 4. Ownership.
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Provide the following information regarding the aggregate number and percentage of the class of
securities of the issuer identified in Item 1.
(a) Amount beneficially owned: Each of the Reporting Persons may be deemed to own
beneficially 907,100 shares of Common Stock at February 29, 2000. BPAM owns of record
907,100 shares of Common Stock. As sole general partner of BPAM, Boston Partners may
be deemed to own beneficially all of the shares of Common Stock that BPAM may be
deemed to own beneficially. As principal stockholder of Boston Partners, Mr.
Heathwood may be deemed to own beneficially all of the Common Stock that Boston
Partners may be deemed to own beneficially. Therefore, each of the Reporting Persons
may be deemed to own beneficially 907,100 shares of Common Stock of the Issuer.
(b) Percentage of class: 10.1 % for all Reporting Persons.
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote: 0 shares for all Reporting
Persons.
(ii) Shared power to vote or to direct the vote: 907,100 for all Reporting
Persons.
(ii) Sole power to dispose or to direct the disposition of: 0 shares for all
Reporting Persons.
(iv) Shared power to dispose or to direct the disposition of: 907,100 shares for
all Reporting Persons.
Instruction. For computations regarding securities which represent a right to acquire an
underlying security see Section 240.13d-3(d)(1).
Pursuant to Rule 13d-4, each of Boston Partners and Mr. Heathwood expressly disclaims
beneficial ownership of any shares of Common Stock of the Issuer.
ITEM 5. Ownership of Five Percent or Less of a Class.
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If this statement is being filed to report the fact that as of the date hereof the
reporting person has ceased to be the beneficial owner of more than five percent of
the class of securities, check the following [ ].
Instruction: Dissolution of a group requires a response to this item.
ITEM 6. Ownership of More than Five Percent on Behalf of Another Person.
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If any other person is known to have the right to receive or the power to direct the
receipt of dividends from, or the proceeds from the sale of, such securities, a
statement to that effect should be included in response to this item and, if such
interest relates to more than five percent of the class, such person should be
identified. A listing of the
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shareholders of an investment company registered under the Investment Company Act of
1940 or the beneficiaries of an employee benefit plan, pension fund or endowment fund
is not required.
BPAM holds all of the above 907,100 shares under management for its clients, who have
the right to direct the receipt of dividends, to receive dividends from such shares
and to receive the proceeds from the sale of such shares. None of these clients holds
more than five percent of the Common Stock of the Issuer.
ITEM 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported
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on By the Parent Holding Company.
---------------------------------
If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G),
so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3
classification of the relevant subsidiary. If a parent holding company has filed this
schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the
identification of the relevant subsidiary.
Not applicable.
ITEM 8. Identification and Classification of Members of the Group.
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If a group has filed this schedule pursuant to Section 240.13d-1(b)(1)(ii)(J), so
indicate under Item 3(j) and attach an exhibit stating the identity and Item 3
classification of each member of the group. If a group has filed this schedule
pursuant to Section 240.13d-1(c) or Section 240.13d-1(d), attach an exhibit stating
the identity of each member of the group.
Not applicable. BPAM, Boston Partners and Mr. Heathwood expressly disclaim membership
in a "group" as defined in Rule 13d-5(b)(1).
ITEM 9. Notice of Dissolution of Group.
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Notice of dissolution of a group may be furnished as an exhibit stating the date of
the dissolution and that all further filings with respect to transactions in the
security reported on will be filed, if required, by members of the group, in their
individual capacity. See Item 5.
Not applicable.
ITEM 10. Certification.
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By signing below we certify that, to the best of our knowledge and belief, the
securities referred to above were acquired and are held in the ordinary course of
business and were not acquired and are not held for the purpose of or with the effect
of changing or influencing the control of the issuer of the securities and were not
acquired and are not held in connection with or as a participant in any transaction
having that purpose or effect.
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SIGNATURE
After reasonable inquiry and to the best of our knowledge and belief,
we certify that the information set forth in this statement is true, complete
and correct. We also hereby agree to file this statement jointly pursuant to
the agreement set forth as Exhibit 1 hereto.
Dated: March 7, 2000
BOSTON PARTNERS ASSET MANAGEMENT, L.P.
By: Boston Partners, Inc.,
its general partner
By: /s/ Mary Ann Iudice
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William J. Kelly
Treasurer and Senior Vice President
by: Mary Ann Iudice
Attorney-in-Fact*
BOSTON PARTNERS, INC.
By: /s/ Mary Ann Iudice
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William J. Kelly
Treasurer and Senior Vice President
by: Mary Ann Iudice
Attorney-in-Fact*
/s/ Mary Ann Iudice
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Desmond John Heathwood
by: Mary Ann Iudice
Attorney-in-Fact**
* Signed pursuant to a Power of Attorney executed by William J. Kelly
(contained as Exhibit 24.2 to this Schedule 13G filed with the Securities and
Exchange Commission on February 11, 2000, and incorporated herein by
reference).
** Signed pursuant to a Power of Attorney executed by Desmond John Heathwood
(contained as Exhibit 24.1 to this Schedule 13G filed with the Securities and
Exchange Commission on February 11, 2000, and incorporated herein by
reference).
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EXHIBIT 1
AGREEMENT
Pursuant to Rule 13d-1(k)(1) under the Securities Exchange Act of 1934,
the undersigned hereby agree that only one statement containing the information
required by Schedule 13G need be filed with respect to the ownership by each of
the undersigned of shares of Common Stock of BlackRock, Inc.
This Agreement may be executed in any number of counterparts, each of
which shall be deemed an original.
EXECUTED this 7th day of March, 2000.
BOSTON PARTNERS ASSET MANAGEMENT, L.P.
By: Boston Partners, Inc.
its general partner
By: /s/ Mary Ann Iudice
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William J. Kelly
Treasurer and Senior Vice President
by: Mary Ann Iudice
Attorney-in-Fact*
BOSTON PARTNERS, INC.
By: /s/ Mary Ann Iudice
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William J. Kelly
Treasurer and Senior Vice President
by: Mary Ann Iudice
Attorney-in-Fact*
/s/ Mary Ann Iudice
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Desmond John Heathwood
by: Mary Ann Iudice
Attorney-in-Fact**
* Signed pursuant to a Power of Attorney executed by William J. Kelly
(contained as Exhibit 24.2 to this Schedule 13G filed with the Securities and
Exchange Commission on February 11, 2000, and incorporated herein by
reference).
** Signed pursuant to a Power of Attorney executed by Desmond John Heathwood
(contained as Exhibit 24.1 to this Schedule 13G filed with the Securities and
Exchange Commission on February 11, 2000, and incorporated herein by
reference).
