Blackstone Inc. — Director's Dealing 2017

May 11, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SeaWorld Entertainment, Inc. (SEAS)
CIK: 0001564902
Period of Report: 2017-05-08

Reporting Person: Blackstone Holdings III L.P. (10% Owner)
Reporting Person: SW Cayman Ltd (10% Owner)
Reporting Person: Blackstone Capital Partners (Cayman III) V L.P. (10% Owner)
Reporting Person: Blackstone Management Associates (Cayman) V L.P. (10% Owner)
Reporting Person: BCP V GP L.L.C. (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
2017-05-08	Common Stock	S	15820811	$23.00	Disposed	0	Indirect
2017-05-08	Common Stock	S	493827	$23.00	Disposed	0	Indirect
2017-05-08	Common Stock	S	555394	$23.00	Disposed	0	Indirect
2017-05-08	Common Stock	S	506711	$23.00	Disposed	0	Indirect
2017-05-08	Common Stock	S	132040	$23.00	Disposed	50000	Indirect
2017-05-08	Common Stock	S	570487	$23.00	Disposed	0	Indirect
2017-05-08	Common Stock	S	445853	$23.00	Disposed	0	Indirect
2017-05-08	Common Stock	S	679058	$23.00	Disposed	0	Indirect
2017-05-08	Common Stock	S	247882	$23.00	Disposed	0	Indirect

Footnotes

F1: These shares represent Common Stock that are directly held by the Partnerships (as defined below).

F2: These securities are directly held by SW Delaware L.P. ("SWD").

F3: These securities are directly held by SW Delaware A L.P. ("SWDA").

F4: These securities are directly held by SW Delaware B L.P. ("SWDB").

F5: These securities are directly held by SW Delaware C L.P. ("SWDC").

F6: These securities are directly held by SW Delaware D L.P. ("SWDD").

F7: These securities are directly held by SW Delaware E L.P. ("SWDE").

F8: These securities are directly held by SW Delaware F L.P. ("SWDF").

F9: These securities are directly held by SW Delaware Co-Invest L.P. ("SWDCI").

F10: These securities are directly held by SW Delaware (GSO) L.P. (together with SWD, SWDA, SWDB, SWDC, SWDD, SWDE, SWDF and SWDCI, the "Blackstone Partnerships").

F11: Under the terms of the partnership agreements of the Partnerships, the general partner determines any voting and disposition decisions with respect to the shares of Common Stock held by the Partnerships. In certain circumstances, Blackstone and certain co-investors in the Partnerships are permitted to surrender their interests in the Partnerships to the Partnerships and receive shares of Common Stock held by the Partnerships.

F12: The general partner of each of the Partnerships is SW Cayman Limited. SW Cayman Limited is wholly owned by Blackstone Capital Partners (Cayman III) V L.P. The general partner of Blackstone Capital Partners (Cayman III) V L.P. is Blackstone Management Associates (Cayman) V L.P. The general partner of Blackstone Management Associates (Cayman) V L.P. is BCP V GP L.L.C. The sole member of BCP V 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.

F13: 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. As a result of his control of Blackstone Group Management L.L.C., Mr. Schwarzman may be deemed to have voting and investment power with respect to the shares held by the Partnerships.

F14: Each of such Blackstone entities and Mr. Schwarzman may be deemed to beneficially own the shares beneficially owned by the Partnerships directly or indirectly controlled by it or him, but each (other than the Partnerships to the extent of their direct holdings) disclaims beneficial ownership of such shares, except to the extent of such Reporting Person's pecuniary interest therein. 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 Persons are the beneficial owners of any securities reported herein.

F15: Due to the limitations of the Securities and Exchange Commission's EDGAR system, SWD, SWDA, SWDB, SWDC, SWDD, SWDE, SWDF, SWDCI, and SW Delaware (GSO) L.P. have filed a separate Form 4.