Carlyle Group Inc. — Director's Dealing 2020

Jan 3, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Carlyle Group Inc. (CG)
CIK: 0001527166
Period of Report: 2020-01-01

Reporting Person: Youngkin Glenn A. (Director, Co-Chief Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-01-01	Common Stock	C	5528231	$0.00	Acquired	7861991	Direct
2020-01-01	Common Stock	C	142857	$0.00	Acquired	142857	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-01-01	Carlyle Holdings partnership units	$	C	5528231	Disposed		Common Units Representing limited partnership interests (5528231)	Direct
2020-01-01	Carlyle Holdings partnership units	$	C	142857	Disposed		Common Units Representing limited partnership interests (142857)	Indirect

Footnotes

F1: On January 1, 2020, The Carlyle Group L.P., a Delaware limited partnership, converted into a Delaware corporation named The Carlyle Group Inc. (the "Conversion"). As a result of such conversion, each common unit of limited partner interest of The Carlyle Group L.P. converted into a share of common stock of The Carlyle Group Inc. (the "Common Stock").

F2: Pursuant to the terms of the Conversion, partnership units of Carlyle Holdings were exchanged for shares of Common Stock on a one-for-one basis.

F3: These securities are held by a trust for the benefit of the reporting person's family. The reporting person is the special purpose trustee of the trust and has sole investment power over the securities.

F4: Pursuant to the terms of the exchange agreement and subject to certain requirements and restrictions, the partnership units of Carlyle Holdings were exchangeable for common units of The Carlyle Group L.P. on a one-for-one basis.