SEC Form 4 · accession 0001209191-16-138793
Blackstone Inc. · BX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Chae
Officer — Chief Financial Officer
Period of report
Jul 1, 2016
Accepted (ET)
Aug 26, 2016 · 4:13 pm EDT
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 | — | Jul 1, 2016 | A | 981,883 | A | — | — | Common units representing limited partner interests | 981,883 | 5,663,245 | D |
| Blackstone Holdings partnership unitsF1,F3 | — | holding | — | — | — | — | — | Common units representing limited partner interests | 1,000,000 | 1,000,000 | I |
| Blackstone Holdings partnership unitsF1,F4 | — | holding | — | — | — | — | — | Common units representing limited partner interests | 150,070 | 150,070 | 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 AI 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, 2016 other than pursuant to transactions or programs approved by Blackstone.
- F2Granted under the 2007 Equity Incentive Plan, these deferred restricted Blackstone Holdings partnership units will vest in six annual installments, with 163,647 units vesting on each of July 1, 2019, 2020, 2021, 2022 and 2023 and 163,648 units vesting on July 1, 2024. As these deferred restricted Blackstone Holdings partnership units vest, the underlying Blackstone Holdings partnership units will be delivered to the Reporting Person, except that 1/4 of the vested units will not be delivered until the sooner of the expiration of the Reporting Person's restrictive covenant period or 10 years from the vesting date.
- F3Such Blackstone Holdings partnership units are held in a trust, for the benefit of the Reporting Person's family members, of which the Reporting Person is the investment trustee.
- F4Such Blackstone Holdings partnership units are held in a trust, for the benefit of the Reporting Person's children, of which 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.