4//SEC Filing
HILL J TOMILSON 4
Accession 0001209191-18-040784
CIK 0001393818other
Filed
Jul 2, 8:00 PM ET
Accepted
Jul 3, 2:37 PM ET
Size
13.6 KB
Accession
0001209191-18-040784
Insider Transaction Report
Form 4
HILL J TOMILSON
DirectorVice Chairman
Transactions
- Award
Blackstone Holdings partnership units
2018-07-01+232,253→ 6,482,385 total→ Common units representing limited partner interests (232,253 underlying)
Holdings
- 5,636,348(indirect: See Footnote)
Blackstone Holdings partnership units
→ Common units representing limited partner interests (5,636,348 underlying) - 2,683,308(indirect: See Footnote)
Blackstone Holdings partnership units
→ Common units representing limited partner interests (2,683,308 underlying)
Footnotes (4)
- [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., 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 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, 2018 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 46,450 units, will vest on July 1, 2021; an additional 30%, or 69,676 units, will vest on July 1, 2022; and the remaining 50%, or 116,127 units, will vest on July 1, 2023. 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]Such Blackstone Holdings partnership units are held by a limited liability company controlled by the Reporting Person.
- [F4]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.
Issuer
Blackstone Group L.P.
CIK 0001393818
Entity typeother
Related Parties
1- filerCIK 0001249319
Filing Metadata
- Form type
- 4
- Filed
- Jul 2, 8:00 PM ET
- Accepted
- Jul 3, 2:37 PM ET
- Size
- 13.6 KB