SEC Form 4 · accession 0001209191-15-063008
Blackstone Inc. · BX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
J Tomilson Hill
Officer — Vice Chairman · Director
Period of report
Jul 28, 2015
Accepted (ET)
Jul 30, 2015 · 6:54 pm EDT
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 | Jul 28, 2015 | C | 200,000 | $0.00 | A | 1,168,591 | D | |
| Common units representing limited partner interests | Jul 28, 2015 | G | 200,000 | $0.00 | D | 968,591 | D | |
| Common units representing limited partner interestsF3 | holding | — | — | — | 991,371 | I | See footnote | |
| Common units representing limited partner interestsF4 | holding | — | — | — | 707,071 | 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 unitsF5 | — | Jul 28, 2015 | C | 200,000 | D | — | — | Common units representing limited partner interests | 200,000 | 6,148,987 | D |
| Blackstone Holdings partnership unitsF5,F6 | — | holding | — | — | — | — | — | Common units representing limited partner interests | 2,683,308 | 2,683,308 | I |
| Blackstone Holdings partnership unitsF5,F7 | — | holding | — | — | — | — | — | Common units representing limited partner interests | 5,636,348 | 5,636,348 | I |
Explanation of responses
- F1Pursuant to an exchange agreement, the Reporting Person exchanged 200,000 Blackstone Holdings partnership units for an equal number of common units of The Blackstone Group L.P.
- F2The Reporting Person donated 200,000 Blackstone common units to a charitable organization.
- F3These units are held by a personal LLC, of which the Reporting Person is a manager.
- F4The units are held by a trust LLC, of which the Reporting Person's spouse is the manager.
- F5A "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.
- F6Such Blackstone Holdings partnership units are held by a limited liability company controlled by the Reporting Person.
- F7Such Blackstone Holdings partnership units are held in a trust, for the benefit of the Reporting Person's children, of which the spouse of the Reporting Person is the investment trustee.
Remarks
The Reporting Person disclaims beneficial ownership of the securities reported on this form except to the extent of his pecuniary interest.