Blackstone Inc. — Director's Dealing 2019

Dec 21, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Blackstone Group Inc (BX)
CIK: 0001393818
Period of Report: 2019-12-19

Reporting Person: GRAY JONATHAN (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-12-19	Blackstone Holdings partnership units	$	P	2497619	Acquired		Class A Common Stock (2497619)	Direct
2019-12-19	Blackstone Holdings partnership units	$	S	2497619	Disposed		Class A Common Stock (2497619)	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Blackstone Holdings partnership units	$		Class A Common Stock (15141837)	15141837	Indirect

Footnotes

F1: A "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 share of Class A Common Stock of The Blackstone Group Inc. The Blackstone Holdings partnership units have no expiration date and may not be exchanged at any time prior to December 31, 2019 other than pursuant to transactions or programs approved by Blackstone.

F2: Reflects transfers of Blackstone Holdings partnership units (i) in exchange for cash and marketable securities and (ii) in satisfaction of an outstanding promissory note.

F3: Reflects annuity payments from Grantor Retained Annuity Trusts to the Reporting Person.

F4: Such Blackstone Holdings partnership units are held in trusts, for the benefit of the Reporting Person's children, of which the Reporting Person is the investment trustee.

F5: Such Blackstone Holdings partnership units are held in Grantor Retained Annuity Trusts of which the Reporting Person is the investment trustee.