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: 2020-04-01

Reporting Person: Finley John G (Chief Legal Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-04-01	Class A Common Stock	A	108174	$0.00	Acquired	268663	Direct
2020-05-07	Class A Common Stock	G	6000	$0.00	Disposed	56523	Indirect
2020-05-08	Class A Common Stock	W	4000	$0.00	Disposed	0	Indirect
2020-05-08	Class A Common Stock	W	2000	$0.00	Acquired	2000	Indirect

Holdings (Non-Derivative)

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

Footnotes

F1: Granted under the Amended and Restated 2007 Equity Incentive Plan, 10% of these deferred restricted shares, or 10,817 shares, will vest on July 1, 2021; an additional 10%, or 10,817 shares, will vest on July 1, 2022; an additional 20%, or 21,635 shares, will vest on July 1, 2023; an additional 30%, or 32,452 shares, will vest on July 1, 2024; and the remaining 30%, or 32,453 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.

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 in 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 were held by an estate of the father of the Reporting Person's spouse, of which the Reporting Person's spouse is an executor.

F6: 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.