Blackstone Inc. — Director's Dealing 2020

Nov 13, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Blackstone Group Inc (BX)
CIK: 0001393818
Period of Report: 2020-11-10

Reporting Person: Finley John G (Chief Legal Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-11-10	Class A Common Stock	C	25000	$0.00	Acquired	236880	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-11-10	Blackstone Holdings partnership units	$	C	25000	Disposed		Class A Common Stock (25000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	43523	Indirect
Class A Common Stock	11000	Indirect
Class A Common Stock	2000	Indirect
Class A Common Stock	2000	Indirect

Footnotes

F1: Pursuant to an exchange agreement, the Reporting Person exchanged 25,000 Blackstone Holdings partnership units (as defined below) for an equal number of shares of Class A Common Stock of The Blackstone Group Inc.

F2: These shares are held by a limited liability company, of which the Reporting Person is the manager.

F3: These shares are held by a trust for the benefit of the Reporting Person and his family, of which the Reporting Person is a trustee.

F4: These shares are held by a trust for the benefit of the Reporting Person's spouse and her family, of which the Reporting Person is a trustee.

F5: These shares are held by a trust for the benefit of the Reporting Person's spouse, of which the Reporting Person's spouse is the trustee.

F6: 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 other than pursuant to transactions or programs approved by Blackstone.