4//SEC Filing
Blackstone Group L.P. 4
Accession 0001181431-14-026025
$BXCIK 0001393818operating
Filed
Jul 1, 8:00 PM ET
Accepted
Jul 2, 5:50 PM ET
Size
8.5 KB
Accession
0001181431-14-026025
Insider Transaction Report
Form 4
Tosi Laurence A
Chief Financial Officer
Transactions
- Award
Blackstone Holdings partnership unit
2014-07-01+31,071→ 1,099,296 total→ Common units representing limited partnership interests (31,071 underlying)
Holdings
- 225,000(indirect: See footnote)
Blackstone Holdings partnership unit
→ Common units representing limited partnership interests (225,000 underlying)
Footnotes (3)
- [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]Granted under the 2007 Equity Incentive Plan, 20% of these deferred restricted Blackstone Holdings partnership units, or 6,214 units, will vest on July 1, 2017; an additional 30%, or 9,321 units, will vest on July 1, 2018; and the remaining 50%, or 15,536 units, will vest on July 1, 2019. As these deferred restricted Blackstone Holdings partnership units vest, the underlying Blackstone Holdings partnership units will be delivered to the Reporting Person, except that no more than 3/4 of the vested units will be delivered during the Reporting Person's service with Blackstone (with the remaining units to be delivered after the expiration of the Reporting Person's restrictive covenant period). Notwithstanding the foregoing, the units may be delivered earlier upon a change in control of Blackstone.
- [F3]These units are held in a trust for the benefit of the Reporting Person's children, 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
- Jul 1, 8:00 PM ET
- Accepted
- Jul 2, 5:50 PM ET
- Size
- 8.5 KB