SEC Form 5 · accession 0000899243-19-003651
Blackstone Inc. · BX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stephen A Schwarzman
Officer — Chairman and CEO · Director
Period of report
Dec 31, 2018
Accepted (ET)
Feb 14, 2019 · 5:22 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001393818
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Blackstone Holdings Partnership unitsF1,F3,F4 | — | Sep 20, 2018 | G | 5,103 | D | — | — | Common units representing limited partnership units | 5,103 | 2,864,672 | I |
| Blackstone Holdings Partnership unitsF1,F5 | — | Sep 20, 2018 | G | 5,103 | A | — | — | Common units representing limited partnership units | 5,103 | 1,671,769 | I |
| Blackstone Holdings Partnership unitsF1,F3 | — | holding | — | — | — | — | — | Common units representing limited partnership units | 225,949,823 | 225,949,823 | D |
| Blackstone Holdings Partnership unitsF1,F6 | — | holding | — | — | — | — | — | Common units representing limited partnership units | 1,438,529 | 1,438,529 | I |
Explanation of responses
- F1A "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 common unit of The Blackstone Group L.P. 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.
- F2Such Blackstone Holdings partnership units were previously held in a Grantor Retained Annuity Trust, for which the Reporting Person served as investment trustee and were transferred to a trust, for which the beneficiaries are various descendants of the Reporting Person, and for which the Reporting Person is the investment trustee in accordance with the terms of the Grantor Retained Annuity Trust.
- F3Reflects certain transfers made between a number of Grantor Retained Annuity Trusts and the Reporting Person during 2018. Such transfers were exempt from reporting pursuant to Rule 16a-13 under the Securities Exchange Act of 1934, as amended.
- F4Such Blackstone Holdings partnership units are held in a number of Grantor Retained Annuity Trusts, for which the Reporting Person serves as investment trustee.
- F5Such Blackstone Holdings partnership units are held in a number of trusts, for which the beneficiaries are various descendants of the Reporting Person, and for which the Reporting Person is the investment trustee.
- F6Such Blackstone Holdings partnership units are held in a corporation in which the Reporting Person is a controlling shareholder.