Blackstone Inc. — Director's Dealing 2021

Feb 12, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Blackstone Group Inc (BX)
CIK: 0001393818
Period of Report: 2021-02-09

Reporting Person: JAMES HAMILTON E (Director, Executive Vice Chairman)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-02-09	Class A Common Stock	C	1000000	$0.00	Acquired	1000000	Direct
2021-02-09	Class A Common Stock	C	1150000	$0.00	Acquired	1150000	Indirect
2021-02-09	Class A Common Stock	C	700000	$0.00	Acquired	700000	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-02-09	Blackstone Holdings partnership units	$	C	1000000	Disposed		Class A Common Stock (1000000)	Direct
2021-02-09	Blackstone Holdings partnership units	$	C	1150000	Disposed		Class A Common Stock (1150000)	Indirect
2021-02-09	Blackstone Holdings partnership units	$	C	700000	Disposed		Class A Common Stock (700000)	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	20497	Indirect

Footnotes

F1: Pursuant to an exchange agreement, the Reporting Person exchanged 1,000,000 Blackstone Holdings partnership units (as defined below) for an equal number of shares of Class A Common Stock of The Blackstone Group Inc.

F2: Pursuant to an exchange agreement, the Reporting Person exchanged 1,150,000 Blackstone Holdings partnership units (as defined below) for an equal number of shares of Class A Common Stock of The Blackstone Group Inc.

F3: These securities are held in a trust for the benefit of the Reporting Person's children (the Children's Trust), of which the Reporting Person is a trustee, but the Reporting Person does not have or share investment control with respect to the units.

F4: Pursuant to an exchange agreement, the Reporting Person exchanged 700,000 Blackstone Holdings partnership units (as defined below) for an equal number of shares of Class A Common Stock of The Blackstone Group Inc.

F5: These securities are held in a trust for the benefit of the Reporting Person's grandchildren (the Grandchildren's Trust), of which the Reporting Person is a trustee.

F6: These securities are held in a limited liability company beneficially owned by the Reporting Person, his spouse and a trust for the benefit of the Reporting Person's children.

F7: 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.