Hamilton E. James - Dec 3, 2021 Form 4 Insider Report for Blackstone Inc (BX)

Role
Executive Vice Chairman, Director
Signature
Tabea Hsi as Attorney-In-Fact
Stock symbol
BX
Transactions as of
Dec 3, 2021
Transactions value $
-$1,209,357,045
Form type
4
Date filed
12/7/2021, 08:47 PM
Previous filing
Oct 26, 2021
Next filing
Oct 25, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Ownership Footnotes
transaction BX Common Stock +Conversion of derivative security $0 +3,074,349 $0.00 3,074,349 Dec 3, 2021 Direct F1
transaction BX Common Stock -Sell -$242,451,130 -1,803,281 -58.66% $134.45 1,271,068 Dec 7, 2021 Direct F2
transaction BX Common Stock -Sell -$170,895,093 -1,271,068 -100% $134.45 0 Dec 7, 2021 Direct F3
transaction BX Common Stock +Conversion of derivative security $0 +3,650,000 $0.00 3,650,000 Dec 3, 2021 See footnote F4, F5
transaction BX Common Stock -Sell -$287,848,576 -2,140,934 -58.66% $134.45 1,509,066 Dec 7, 2021 See footnote F2, F5
transaction BX Common Stock -Sell -$202,893,924 -1,509,066 -100% $134.45 0 Dec 7, 2021 See footnote F3, F5
transaction BX Common Stock +Conversion of derivative security $0 +2,250,000 $0.00 2,250,000 Dec 3, 2021 See footnote F6, F7
transaction BX Common Stock -Sell -$177,440,925 -1,319,754 -58.66% $134.45 930,246 Dec 7, 2021 See footnote F2, F7
transaction BX Common Stock -Sell -$125,071,575 -930,246 -100% $134.45 0 Dec 7, 2021 See footnote F3, F7
transaction BX Common Stock -Sell -$1,616,492 -12,023 -58.66% $134.45 8,474 Dec 7, 2021 See footnote F2, F8
transaction BX Common Stock -Sell -$1,139,329 -8,474 -100% $134.45 0 Dec 7, 2021 See footnote F3, F8

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 -3,074,349 -17.35% 14,648,744 Dec 3, 2021 Common Stock 3,074,349 Direct F1, F9
transaction BX Blackstone Holdings partnership units -Conversion of derivative security -3,650,000 -80.98% 857,207 Dec 3, 2021 Common Stock 3,650,000 See footnote F4, F5, F9
transaction BX Blackstone Holdings partnership units -Conversion of derivative security -2,250,000 -80.36% 550,000 Dec 3, 2021 Common Stock 2,250,000 See footnote F6, F7, F9

Explanation of Responses:

Id Content
F1 Pursuant to an exchange agreement, the Reporting Person exchanged 3,074,349 Blackstone Holdings partnership units (as defined below) for an equal number of shares of Common Stock of Blackstone Inc.
F2 Represents a sale of common stock pursuant to a block trade at a price of $134.45 per share.
F3 Represents a repurchase of shares of common stock by the Issuer from the Reporting Person and certain trusts and limited liability company for the benefit of the Reporting Person's family for a price of $134.45 per share, the same price at which such sellers sold shares in the block trade referenced in footnote 2 above.
F4 Pursuant to an exchange agreement, 3,650,000 Blackstone Holdings partnership units (as defined below) were exchanged for an equal number of shares of Common Stock of Blackstone Inc.
F5 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.
F6 Pursuant to an exchange agreement, 2,250,000 Blackstone Holdings partnership units (as defined below) were exchanged for an equal number of shares of Common Stock of Blackstone Inc.
F7 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.
F8 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.
F9 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 Blackstone 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.

Remarks:

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