SEC Form 4 · accession 0001209191-15-013034
Blackstone Inc. · BX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
Hamilton E James
Officer — President and COO · Director
Period of report
Feb 10, 2015
Accepted (ET)
Feb 12, 2015 · 7:01 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001393818
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common units representing limited partner interestsF1 | Feb 10, 2014 | C | 2,000,000 | $0.00 | A | 2,020,176 | D | |
| Common units representing limited partner interests | Feb 10, 2014 | G | 2,000,000 | $0.00 | D | 20,176 | D | |
| Common units representing limited partner interestsF2 | Feb 10, 2014 | G | 2,000,000 | $0.00 | A | 2,000,000 | I | See footnote |
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 unitsF3 | — | Feb 10, 2014 | C | 2,000,000 | D | — | — | Common units representing limited partner interests | 2,000,000 | 21,523,093 | D |
| Blackstone Holdings partnership unitsF3,F4 | — | holding | — | — | — | — | — | Common units representing limited partner interests | 7,157,207 | 7,157,207 | I |
Explanation of responses
- F1Pursuant to an exchange agreement, the Reporting Person exchanged 2,000,000 Blackstone Holdings partnership units for an equal number of common units of The Blackstone Group L.P. and thereafter transferred such 2,000,000 common units to a limited liability company beneficially owned by the Reporting Person, his spouse and the Children's Trust (as defined in footnote 4 below).
- F2These units are held in a limited liability company beneficially owned by the Reporting Person, his spouse and the Children's Trust (as defined in footnote 4 below).
- F3A "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., and Blackstone Holdings IV 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 rights, 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, 2015 other than pursuant to transactions or programs approved by Blackstone.
- F4These units 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.
Remarks
The Reporting Person disclaims beneficial ownership of the securities reported on this form except to the extent of his pecuniary interest.