Blackstone Inc. — Director's Dealing 2016

Mar 31, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Michaels Companies, Inc. (MIK)
CIK: 0001593936
Period of Report: 2016-03-29

Reporting Person: Blackstone Group Management L.L.C. (10% Owner)
Reporting Person: Blackstone Group L.P. (10% Owner)
Reporting Person: BMA V L.L.C. (10% Owner)
Reporting Person: BCP V Side-by-Side GP L.L.C. (10% Owner)
Reporting Person: Blackstone Holdings III GP Management L.L.C. (10% Owner)
Reporting Person: Blackstone Holdings III GP L.P. (10% Owner)
Reporting Person: SCHWARZMAN STEPHEN A (10% Owner)
Reporting Person: BLACKSTONE FAMILY GP LLC (10% Owner)
Reporting Person: Blackstone Holdings III L.P. (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-03-29	Common Stock	S	6282349	$26.08	Disposed	42199821	Indirect
2016-03-29	Common Stock	S	1436844	$26.08	Disposed	9651570	Indirect
2016-03-29	Common Stock	S	89980	$26.08	Disposed	604416	Indirect
2016-03-29	Common Stock	S	19099	$26.08	Disposed	128293	Indirect
2016-03-29	Common Stock	S	280126	$26.08	Disposed	1881665	Indirect
2016-03-29	Common Stock	S	212554	$26.08	Disposed	1427766	Indirect

Footnotes

F1: These securities are directly held by Blackstone Capital Partners V L.P.

F2: These securities are directly held by BCP V-S L.P.

F3: These securities are directly held by Blackstone Family Investment Partnership V L.P.

F4: These securities are directly held by Blackstone Participation Partnership V L.P.

F5: These securities are directly held by BCP V Co-Investors L.P.

F6: These securities are directly held by Blackstone Family Investment Partnership V-SMD L.P. (Blackstone Family Investment Partnership V-SMD L.P., together with Blackstone Capital Partners V L.P., BCP V-S L.P., Blackstone Family Investment Partnership V L.P., Blackstone Participation Partnership V L.P. and BCP V Co-Investors L.P., the "Blackstone Funds").

F7: The general partner of Blackstone Capital Partners V L.P., BCP V-S L.P. and BCP V Co-Investors L.P. is Blackstone Management Associates V L.L.C. BMA V L.L.C. is the sole member of Blackstone Management Associates V L.L.C.

F8: The general partner of Blackstone Family Investment Partnership V L.P. and Blackstone Participation Partnership V L.P. is BCP V Side-by-Side GP L.L.C.

F9: Blackstone Holdings III L.P. is the sole member of BCP V Side-by-Side GP L.L.C. and the managing member and majority in interest owner of BMA V L.L.C. 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.

F10: The general partner of Blackstone Family Investment Partnership V-SMD L.P. is Blackstone Family GP L.L.C. Blackstone Family GP L.L.C. is wholly owned by Blackstone's senior managing directors and controlled by its founder, Mr. Schwarzman.

F11: Information with respect to each of the Reporting Persons is given solely by such Reporting Person, and no Reporting Person has responsibility for the accuracy or completeness of information supplied by another Reporting Person.

F12: Each of the Reporting Persons (other than each of the Blackstone Funds to the extent they directly hold securities reported herein), disclaims beneficial ownership of the securities held by the Blackstone Funds, except to the extent of such Reporting Person's pecuniary interest therein, and, pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, each of the Reporting Persons (other than each of the Blackstone Funds to the extent they directly hold securities reported herein) states that the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose.

F13: Due to the limitations of the electronic filing system, Blackstone Management Associates V L.L.C., Blackstone Capital Partners V L.P., BCP V-S L.P., Blackstone Family Investment Partnership V L.P., Blackstone Participation Partnership V L.P., BCP V Co-Investors L.P. and Blackstone Family Investment Partnership V-SMD L.P. have filed a separate Form 4.