Blackstone Inc. — Director's Dealing 2020

May 16, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Blackstone Group Inc (BX)
CIK: 0001393818
Period of Report: 2020-01-01

Reporting Person: Striano Christopher (Principal Accounting Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-01-01	Class A Common Stock	A	2773	$0.00	Acquired	38959	Direct
2020-04-01	Class A Common Stock	A	10818	$0.00	Acquired	49777	Direct

Footnotes

F1: Granted under the Amended and Restated 2007 Equity Incentive Plan, these deferred restricted shares will vest ratably over a three-year period, with 925 shares vesting on January 1, 2021, 924 shares vesting on January 1, 2022, and 924 shares vesting on January 1, 2023, subject to the Reporting Person's continued employment with Blackstone. As these deferred restricted shares vest, the underlying shares will be delivered to the Reporting Person. Notwithstanding the foregoing, the shares may be delivered earlier upon a change in control of Blackstone.

F2: Granted under the Amended and Restated 2007 Equity Incentive Plan, 10% of these deferred restricted shares, or 1,081 shares, will vest on July 1, 2021; an additional 10%, or 1,082 shares, will vest on July 1, 2022; an additional 20%, or 2,164 shares, will vest on July 1, 2023; an additional 30%, or 3,245 shares, will vest on July 1, 2024; and the remaining 30%, or 3,246 shares, will vest on July 1, 2025. As these deferred restricted shares vest, the shares will be delivered to the Reporting Person, except that 1/4 of the vested shares will be held back and delivered on a future date pursuant to the terms of the Reporting Person's award agreement. Notwithstanding the foregoing, the shares may be delivered earlier upon a change in control of Blackstone.