4//SEC Filing
Blackstone Group L.P. 4
Accession 0001209191-15-059868
$BXCIK 0001393818operating
Filed
Jul 5, 8:00 PM ET
Accepted
Jul 6, 9:20 PM ET
Size
10.7 KB
Accession
0001209191-15-059868
Insider Transaction Report
Form 4
HILL J TOMILSON
DirectorVice Chairman
Transactions
- Award
Blackstone Holdings partnership units
2015-07-01+23,558→ 6,348,987 total→ Common units representing limited partner interests (23,558 underlying)
Holdings
- 5,636,348(indirect: See footnote)
Blackstone Holdings partnership units
→ Common units representing limited partnership units (5,636,348 underlying) - 2,683,308(indirect: See footnote)
Blackstone Holdings partnership units
→ Common units representing limited partnership units (2,683,308 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, 2015 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 4,712 units, will vest on July 1, 2018; an additional 30%, or 7,067 units, will vest on July 1, 2019; and the remaining 50%, or 11,779 units, will vest on July 1, 2020. 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]Reflects previous transfers by the Reporting Person, his spouse, a Grantor Retained Annuity Trust for which the spouse of the Reporting Person is the trustee, and trusts for the benefit of the Reporting Persons' children to a limited liability company controlled by the Reporting Person, in each case in respect of pro rata membership interests in such limited liability company.
- [F4]Such Blackstone Holdings partnership units are held by a limited liability company controlled by the Reporting Person.
- [F5]Such Blackstone Holdings partnership units are held in a trust, for the benefit of the Reporting Person's children, of which the spouse of the Reporting Person is the investment trustee.
Documents
Issuer
Blackstone Group L.P.
CIK 0001393818
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001393818
Filing Metadata
- Form type
- 4
- Filed
- Jul 5, 8:00 PM ET
- Accepted
- Jul 6, 9:20 PM ET
- Size
- 10.7 KB