Blackstone Inc. — Director's Dealing 2020

Aug 7, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Blackstone Group Inc (BX)
CIK: 0001393818
Period of Report: 2020-08-04

Reporting Person: Baratta Joseph (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-08-04	Class A Common Stock	C	500000	$0.00	Acquired	1613448	Direct
2020-08-05	Class A Common Stock	S	184815	$52.87	Disposed	1428633	Direct
2020-08-06	Class A Common Stock	S	250000	$53.09	Disposed	1178633	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-08-04	Blackstone Holdings partnership units	$	C	500000	Disposed		Class A Common Stock (500000)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Blackstone Holdings partnership units	$		Class A Common Stock (142237)	142237	Indirect
Blackstone Holdings partnership units	$		Class A Common Stock (4541950)	4541950	Indirect

Footnotes

F1: Pursuant to an exchange agreement, the Reporting Person exchanged 500,000 Blackstone Holdings partnership units (as defined below) for an equal number of shares of Class A Common Stock of The Blackstone Group Inc.

F2: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $52.24 to $53.16, inclusive. The Reporting Person undertakes to provide, upon request by the Securities and Exchange Commission staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price for all transactions reported on this Form 4.

F3: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $52.83 to $53.58, inclusive. The Reporting Person undertakes to provide, upon request by the Securities and Exchange Commission staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price for all transactions reported on this Form 4.

F4: 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.

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

F6: These securities are held by a limited liability company, of which the Reporting Person is the manager.