SEC Form 4 · accession 0001209191-18-046888
Blackstone Inc. · BX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Hamilton E James
Officer — Executive Vice Chairman · Director
Period of report
Aug 13, 2018
Accepted (ET)
Aug 15, 2018 · 6:40 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 | — | Aug 13, 2018 | J | 3,822,735 | A | — | — | Common units representing limited partner interests | 3,822,735 | 20,723,093 | D |
| Blackstone Holdings partnership unitsF3,F1 | — | Aug 13, 2018 | J | 3,822,735 | D | — | — | Common units representing limited partner interests | 3,822,735 | 0 | I |
| Blackstone Holdings partnership unitsF4,F1 | — | holding | — | — | — | — | — | Common units representing limited partner interests | 7,157,207 | 7,157,207 | I |
| Blackstone Holdings partnership unitsF5,F1 | — | holding | — | — | — | — | — | Common units representing limited partner interests | 3,500,000 | 3,500,000 | 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 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, 2018 other than pursuant to transactions or programs approved by Blackstone.
- F2Reflects a transfer of Blackstone Holdings partnership units from Grantor Retained Annuity Trusts to the Reporting Person in exchange for other assets. These units were previously reported as directly owned.
- F3Such Blackstone Holdings partnership units were held in Grantor Retained Annuity Trusts, of which the Reporting Person serves as investment trustee.
- F4These units are held in a trust for the benefit of the Reporting Person's children (the Children's Trust), of which the Reporting Person is a trustee, but the Reporting Person does not have or share investment control with respect to the units.
- F5These units are held in a trust for the benefit of the Reporting Person's grandchildren (the Grandchildren's Trust), of which the Reporting Person is a trustee.
Remarks
The filing of this statement shall not be deemed to be an admission that, for purposes of Section 16 of the Securities Exchange Act of 1934 or otherwise, the Reporting Person engaged in any transactions subject to Section 16 of the Securities Exchange Act of 1934, as amended. The Reporting Person disclaims beneficial ownership of the securities reported on this form except to the extent of his pecuniary interest.