SEC Form 4 · accession 0001209191-16-099007
Blackstone Inc. · BX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joan Solotar
Officer — SMD, External Relations
Period of report
Feb 9, 2016
Accepted (ET)
Feb 16, 2016 · 9:41 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 9, 2016 | C | 75,518 | $0.00 | A | 142,247 | D |
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 unitsF2,F3 | — | Feb 9, 2016 | C | 75,518 | D | — | — | Common units representing limited partner interests | 75,518 | 487,945 | D |
Explanation of responses
- F1Pursuant to an exchange agreement, the Reporting Person exchanged 75,518 Blackstone Holdings partnership units for an equal number of common units of The Blackstone Group L.P.
- F2A "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 Reporting Person 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, 2016 other than pursuant to transactions or programs approved by Blackstone.
- F3Includes 5,634 Blackstone Holdings partnership units issued on October 1, 2015 as an anti-dilution adjustment in connection with the spin-off of PJT Partners Inc. by The Blackstone Group L.P.