SEC Form 4 · accession 0001209191-16-156394
Blackstone Inc. · BX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John G Finley
Officer — Chief Legal Officer
Period of report
Nov 8, 2016
Accepted (ET)
Dec 21, 2016 · 9:19 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 interests | Nov 8, 2016 | C | 30,000 | $0.00 | A | 100,745 | D | |
| Common units representing limited partner interestsF2 | Dec 19, 2016 | S | 10,000 | $29.00 | D | 90,745 | D | |
| Common units representing limited partner interestsF3 | holding | — | — | — | 50,000 | 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 unitsF4 | — | Nov 8, 2016 | C | 30,000 | D | — | — | Common units representing limited partner interests | 30,000 | 615,535 | D |
Explanation of responses
- F1Pursuant to an exchange agreement, the Reporting Person exchanged 30,000 Blackstone Holdings partnership units for an equal number of common units of The Blackstone Group L.P.
- F2The price reported in Column 4 is a weighted average price. These units were sold in multiple transactions at prices ranging from $29.00 to $29.01, inclusive. The Reporting Person undertakes to provide, upon request by the Securities and Exchange Commission staff, the issuer or a security holder of the issuer, full information regarding the number of units sold at each separate price for all transactions reported on this Form 4.
- F3These units are held by a limited liability company, of which the Reporting Person is the manager.
- F4A "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, 2016 other than pursuant to transactions or programs approved by Blackstone.
Remarks
The Reporting Person disclaims beneficial ownership of the securities reported on this form except to the extent of his pecuniary interest.