Blackstone Inc. — Director's Dealing 2020

Feb 15, 2020

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: Blackstone Group Inc (BX)
CIK: 0001393818
Period of Report: 2019-12-31

Reporting Person: Goodman Bennett J (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-12-11	Blackstone Holdings partnership units	$	G	162908	Disposed		Class A Common Stock (162908)	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Blackstone Holdings partnership units	$		Class A Common Stock (0)	5456946	Direct
Blackstone Holdings partnership units	$		Class A Common Stock (0)	199542	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 other than pursuant to transactions or programs approved by Blackstone.

F2: The Reporting Person donated 162,908 Blackstone Holdings partnership units to a charitable foundation.

F3: These units are held by two limited liability companies, of which the Reporting Person is a manager.

F4: These units are held by a limited liability company, of which the Reporting Person's spouse is the manager.