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Filing Details

Accession Number:: 0001209191-19-055752
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2019-11-07 20:06:16
Reporting Period:: 2019-11-05

Accepted Time:: 2019-11-07 20:06:16
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1393818	Blackstone Group Inc	BX	()	4

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1238989	E Hamilton James	C/O The Blackstone Group 345 Park Avenue New York NY 10154	Executive Vice Chairman	Yes	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Class A Common Stock	Acquisiton	2019-11-05	1,500,000	$0.00	1,500,000	No	4	C	Indirect	See footnote
Class A Common Stock	Disposition	2019-11-05	280,046	$51.73	1,219,954	No	4	S	Indirect	See footnote
Class A Common Stock	Disposition	2019-11-06	265,779	$51.78	954,175	No	4	S	Indirect	See footnote
Class A Common Stock	Disposition	2019-11-06	7,875	$52.64	946,300	No	4	S	Indirect	See footnote

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	C	Indirect	See footnote
No	4	S	Indirect	See footnote
No	4	S	Indirect	See footnote
No	4	S	Indirect	See footnote

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class A Common Stock	Blackstone Holdings partnership units	Disposition	2019-11-05	1,500,000	$0.00	1,500,000	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
5,657,207			No	4	C	Indirect

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Class A Common Stock	20,497	Indirect	See footnote

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Class A Common Stock	Blackstone Holdings partnership units	$0.00			19,723,093	19,723,093	Direct
Class A Common Stock	Blackstone Holdings partnership units	$0.00			3,500,000	3,500,000	Indirect

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
	19,723,093	19,723,093	Direct
	3,500,000	3,500,000	Indirect

Footnotes

On July 1, 2019, The Blackstone Group L.P., a Delaware limited partnership, converted into a Delaware corporation named The Blackstone Group Inc. As a result of such conversion, each common unit of limited partner interest of The Blackstone Group L.P. ("Common Units") converted into a share of Class A common stock of The Blackstone Group Inc. ("Class A Common Stock"). References to Class A Common Stock in this Form 4 also refer to Common Units of The Blackstone Group L.P. prior to the conversion described herein.
Pursuant to an exchange agreement, the Reporting Person exchanged 1,500,000 Blackstone Holdings partnership units (as defined below) for an equal number of shares of Class A Common Stock of The Blackstone Group Inc.
These securities are held in a trust for the benefit of the Reporting Person's children (the Children's Trust), of which the Reporting Person is a trustee, but the Reporting Person does not have or share investment control with respect to the units.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $51.31 to $52.11, inclusive. The Reporting Person undertakes to provide, upon request by the Securities and Exchange Commission staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price for all transactions reported on this Form 4.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $51.50 to $52.49, inclusive. The Reporting Person undertakes to provide, upon request by the Securities and Exchange Commission staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price for all transactions reported on this Form 4.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $52.50 to $52.81, inclusive. The Reporting Person undertakes to provide, upon request by the Securities and Exchange Commission staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price for all transactions reported on this Form 4.
These securities are held in a limited liability company beneficially owned by the Reporting Person, his spouse and a trust for the benefit of the Reporting Person's children.
A "Blackstone Holdings partnership" unit collectively refers to one limited partner interest in each of Blackstone Holdings I L.P., Blackstone Holdings II L.P., Blackstone Holdings III L.P., Blackstone Holdings IV L.P. and Blackstone Holdings AI L.P. Subject to the minimum retained ownership requirements and transfer restrictions set forth in the partnership agreements of the Blackstone partnerships, the holder has the right, exercisable from time to time, to exchange each Blackstone Holdings partnership unit for one share of Class A Common Stock of The Blackstone Group Inc. The Blackstone Holdings partnership units have no expiration date and may not be exchanged at any time prior to December 31, 2019 other than pursuant to transactions or programs approved by Blackstone.
These securities are held in a trust for the benefit of the Reporting Person's grandchildren (the Grandchildren's Trust), of which the Reporting Person is a trustee.