Joseph Baratta - Aug 2, 2021 Form 4 Insider Report for Blackstone Group Inc (BX)

Role
Director
Signature
Tabea Hsi as Attorney-In-Fact
Stock symbol
BX
Transactions as of
Aug 2, 2021
Transactions value $
-$7,520,260
Form type
4
Date filed
8/3/2021, 05:18 PM
Previous filing
Jun 28, 2021
Next filing
Aug 6, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Ownership Footnotes
transaction BX Common Stock -Sell -$5,782,639 -49,958 -3.89% $115.75 1,233,634 Aug 2, 2021 Direct F1
transaction BX Common Stock -Sell -$1,737,622 -14,946 -1.21% $116.26 1,218,688 Aug 2, 2021 Direct F2
transaction BX Common Stock +Conversion of derivative security $0 +100,000 +8.21% $0.00 1,318,688 Aug 3, 2021 Direct F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction BX Blackstone Holdings partnership units -Conversion of derivative security -100,000 -3.94% 2,438,538 Aug 3, 2021 Common Stock 100,000 Direct F3, F4
holding BX Blackstone Holdings partnership units 142,237 Aug 2, 2021 Common Stock 142,237 See footnote F4, F5
holding BX Blackstone Holdings partnership units 4,541,950 Aug 2, 2021 Common Stock 4,541,950 See footnote F4, F6

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $115.14 to $116.13, inclusive. The Reporting Person undertakes to provide, upon request by the Securities and Exchange Commission staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price for all transactions reported on this Form 4.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $116.14 to $116.39, inclusive. The Reporting Person undertakes to provide, upon request by the Securities and Exchange Commission staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price for all transactions reported on this Form 4.
F3 Pursuant to an exchange agreement, the Reporting Person exchanged 100,000 Blackstone Holdings partnership units (as defined below) for an equal number of shares of Common Stock of The Blackstone Group Inc.
F4 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 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.
F5 These securities are held by a trust for the benefit of the Reporting Person's family, of which the Reporting Person is a trustee.
F6 These securities are held by a limited liability company, of which the Reporting Person is the manager.

Remarks:

The Reporting Person disclaims beneficial ownership of the securities reported on this form except to the extent of his pecuniary interest.