SEC Form 4 · accession 0001209191-18-056833
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
Oct 30, 2018
Accepted (ET)
Nov 1, 2018 · 7:04 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 interests | Oct 30, 2018 | C | 1,000,000 | $0.00 | A | 1,000,000 | D | |
| Common units representing limited partner interests | Oct 30, 2018 | G | 1,000,000 | $0.00 | D | 0 | D | |
| Common units representing limited partner interestsF2 | holding | — | — | — | 20,497 | 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 unitsF3 | — | Oct 30, 2018 | C | 1,000,000 | D | — | — | Common units representing limited partner interests | 1,000,000 | 19,723,093 | D |
| Blackstone Holdings partnership unitsF4,F3 | — | holding | — | — | — | — | — | Common units representing limited partner interests | 7,157,207 | 7,157,207 | I |
| Blackstone Holdings partnership unitsF5,F3 | — | holding | — | — | — | — | — | Common units representing limited partner interests | 3,500,000 | 3,500,000 | I |
Explanation of responses
- F1Pursuant to an exchange agreement, the Reporting Person exchanged 1,000,000 Blackstone Holdings partnership units (as defined below) for an equal number of common units of The Blackstone Group L.P.
- F2These units are held in a limited liability company beneficially owned by the Reporting Person, his spouse and a trust for the benefit of the Reporting Person's children.
- F3A "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.
- 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 Reporting Person disclaims beneficial ownership of the securities reported on this form except to the extent of his pecuniary interest.