Blackstone Inc. — Director's Dealing 2013

Oct 3, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: VANGUARD HEALTH SYSTEMS INC (VHS)
CIK: 0001045829
Period of Report: 2013-10-01

Reporting Person: BLACKSTONE MANAGEMENT ASSOCIATES IV LLC (10% Owner)
Reporting Person: BCP IV SIDE-BY-SIDE GP L.L.C. (10% Owner)
Reporting Person: Blackstone Holdings III L.P. (10% Owner)
Reporting Person: Blackstone Holdings III GP L.P. (10% Owner)
Reporting Person: Blackstone Holdings III GP Management L.L.C. (10% Owner)
Reporting Person: Blackstone Group L.P. (10% Owner)
Reporting Person: Blackstone Group Management L.L.C. (10% Owner)
Reporting Person: SCHWARZMAN STEPHEN A (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-10-01	Common Stock	D	20585466	$21.00	Disposed	0	Indirect
2013-10-01	Common Stock	D	385659	$21.00	Disposed	0	Indirect
2013-10-01	Common Stock	D	1248232	$21.00	Disposed	0	Indirect
2013-10-01	Common Stock	D	3601578	$21.00	Disposed	0	Indirect
2013-10-01	Common Stock	D	782538	$21.00	Disposed	0	Indirect
2013-10-01	Common Stock	D	1290366	$21.00	Disposed	0	Indirect
2013-10-01	Common Stock	D	1487725	$21.00	Disposed	0	Indirect

Footnotes

F1: This Form 4 is being filed solely to add additional entities affiliated with the direct holders of the reported securities reported herein as Reporting Persons which may be deemed to indirectly beneficially own the securities reported herein.

F2: The general partner of each of Blackstone FCH Capital Partners IV L.P., Blackstone Health Commitment Partners L.P., Blackstone Capital Partners IV-A L.P., Blackstone FCH Capital Partners IV-A L.P., Blackstone FCH Capital Partners IV-B L.P. and Blackstone Health Commitment Partners-A L.P is Blackstone Management Associates IV L.L.C. The general partner for Blackstone Family Investment Partnership IV-A L.P. is BCP IV Side-by-Side GP L.L.C.(continued to Footnote 3)

F3: The majority of the membership interests in Blackstone Management Associates IV L.L.C. are held by Blackstone Holdings III L.P. The sole member of BCP IV Side-by-Side GP L.L.C. is Blackstone Holdings III L.P. The general partner of Blackstone Holdings III L.P. is Blackstone Holdings III GP L.P. The general partner of Blackstone Holdings III GP L.P. is Blackstone Holdings III GP Management L.L.C. The sole member of Blackstone Holdings III GP Management L.L.C. is The Blackstone Group L.P. The general partner of The Blackstone Group L.P. is Blackstone Group Management L.L.C. Blackstone Group Management L.L.C. is wholly owned by Blackstone's senior managing directors and controlled by its founder, Stephen A. Schwarzman.

F4: Represents shares held by Blackstone FCH Capital Partners IV LP.

F5: Represents shares held by Blackstone Capital Partners IV-A LP.

F6: Represents shares held by Blackstone Family Investment Partnership IV-A LP.

F7: Represents shares held by Blackstone Health Commitment Partners LP.

F8: Represents shares held by Blackstone Health Commitment Partners -A LP.

F9: Represents shares held by Blackstone FCH Capital Partners IV-A LP.

F10: Represents shares held by Blackstone FCH Capital Partners IV-B LP.