4//SEC Filing
Blackstone Group L.P. 4
Accession 0001181431-14-006832
$BXCIK 0001393818operating
Filed
Feb 12, 7:00 PM ET
Accepted
Feb 13, 5:59 PM ET
Size
13.5 KB
Accession
0001181431-14-006832
Insider Transaction Report
Form 4
Tosi Laurence A
Chief Financial Officer
Transactions
- Conversion
Common units representing limited partner interests
2014-02-11+200,000→ 200,000 total - Sale
Common units representing limited partner interests
2014-02-11$31.58/sh−114,100$3,603,278→ 85,900 total - Sale
Common units representing limited partner interests
2014-02-12$31.56/sh−85,900$2,711,004→ 0 total - Conversion
Blackstone Holdings partnership units
2014-02-11−200,000→ 1,068,225 total→ Common units representing limited partnership interests (200,000 underlying)
Holdings
- 225,000(indirect: See footnote)
Blackstone Holdings partnership units
→ Common units representing limited partnership interests (225,000 underlying)
Footnotes (5)
- [F1]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., and Blackstone Holdings IV L.P. Subject to the minimum retained ownership requirements and transfer restrictions set forth in the partnership agreements of the Blackstone partnerships, the Reporting Person has the rights, exercisable from time to time, to exchange each Blackstone Holdings partnership unit for one common unit of The Blackstone Group L.P. The Blackstone Holdings partnership units have no expiration date and may not be exchanged at any time prior to December 31, 2014 other than pursuant to transactions or programs approved by Blackstone.
- [F2]Pursuant to an exchange agreement, the Reporting Person exchanged 200,000 Blackstone Holdings partnership units for an equal number of common units of The Blackstone Group L.P. and thereafter sold such 200,000 common units. The proceeds received from the sale of these units represent a portion of the amounts paid or payable for taxes upon prior vesting events of Blackstone Holdings partnership units granted to the Reporting Person in connection with the commencement of his employment with the firm and representing the buyout of managing partner shares of Merrill Lynch & Co. that he forfeited as a result of his departure from that firm.
- [F3]The price reported in Column 4 is a weighted average price. These units were sold in multiple transactions at prices ranging from $31.33 to $31.76, 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 units sold at each separate price for all transactions reported on this Form 4.
- [F4]The price reported in Column 4 is a weighted average price. These units were sold in multiple transactions at prices ranging from $31.28 to $31.87, inclusive.
- [F5]These units are held in a trust for the benefit of the Reporting Person's son, of which the Reporting Person is a trustee with investment control.
Documents
Issuer
Blackstone Group L.P.
CIK 0001393818
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001393818
Filing Metadata
- Form type
- 4
- Filed
- Feb 12, 7:00 PM ET
- Accepted
- Feb 13, 5:59 PM ET
- Size
- 13.5 KB