SEC Form 4 · accession 0001209191-17-030377
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
May 2, 2017
Accepted (ET)
May 5, 2017 · 4:59 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 | May 1, 2017 | G | 50,000 | $0.00 | D | 121,556 | D | |
| Common units representing limited partner interestsF1,F2 | May 1, 2017 | G | 50,000 | $0.00 | A | 80,000 | I | See footnote |
| Common units representing limited partner interests | May 2, 2017 | C | 20,000 | $0.00 | A | 141,556 | 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 unitsF4 | — | May 2, 2017 | C | 20,000 | D | — | — | Common units representing limited partner interests | 20,000 | 565,535 | D |
Explanation of responses
- F1The Form 4 filed by the Reporting Person on February 16, 2017 inadvertently reported the sale of 20,000 common units from the Reporting Person's direct holdings. These units were instead sold by the limited liability company described herein. These numbers reflect the corrected beneficial ownership amounts.
- F2These units are held by a limited liability company, of which the Reporting Person is the manager.
- F3Pursuant to an exchange agreement, the Reporting Person exchanged 20,000 Blackstone Holdings partnership units for an equal number of common units of The Blackstone Group L.P.
- 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, 2017 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.