Blackstone Inc. — Director's Dealing 2021

Jan 13, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Blackstone Group Inc (BX)
CIK: 0001393818
Period of Report: 2021-01-08

Reporting Person: GRAY JONATHAN (Director, President & COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-01-08	Class A Common Stock	A	94504	$0.00	Acquired	1347632	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-09-21	Blackstone Holdings partnership units	$	G	3330850	Disposed		Class A Common Stock (3330850)	Indirect
2020-09-21	Blackstone Holdings partnership units	$	G	3330850	Acquired		Class A Common Stock (3330850)	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Blackstone Holdings partnership units	$		Class A Common Stock (21368835)	21368835	Direct

Footnotes

F1: Granted under the 2007 Amended and Restated Equity Incentive Plan, these deferred restricted shares will vest ratably over a three-year period, with 31,502 shares vesting on January 1, 2022, 31,501 shares vesting on January 1, 2023, and 31,501 shares vesting on January 1, 2024, 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: 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.

F3: Reflects annuity payments from Grantor Retained Annuity Trusts to the Reporting Person.

F4: Such Blackstone Holdings partnership units are held in Grantor Retained Annuity Trusts of which the Reporting Person is the investment trustee.

F5: Such Blackstone Holdings partnership units are held in trusts, for the benefit of the Reporting Person's children, of which the Reporting Person is the investment trustee.