4//SEC Filing
Chae Michael 4
Accession 0001209191-19-041000
CIK 0001393818other
Filed
Jul 2, 8:00 PM ET
Accepted
Jul 3, 3:49 PM ET
Size
10.5 KB
Accession
0001209191-19-041000
Insider Transaction Report
Form 4
Chae Michael
CFO & Vice Chairman
Transactions
- Award
Blackstone Holdings partnership units
2019-07-01+47,241→ 5,710,486 total→ Class A Common Stock (47,241 underlying)
Holdings
- 1,000,000(indirect: See footnote)
Blackstone Holdings partnership units
→ Class A Common Stock (1,000,000 underlying) - 150,070(indirect: See footnote)
Blackstone Holdings partnership units
→ Class A Common Stock (150,070 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 share of Class A Common Stock of The Blackstone Group Inc. The Blackstone Holdings partnership units have no expiration date and may not be exchanged at any time prior to December 31, 2019 other than pursuant to transactions or programs approved by Blackstone.
- [F2]Granted under the Amended and Restated 2007 Equity Incentive Plan, 20% of these deferred restricted Blackstone Holdings partnership units, or 9,448 units, will vest on July 1, 2022; an additional 30%, or 14,172 units, will vest on July 1, 2023; and the remaining 50%, or 23,621 units, will vest on July 1, 2024. As these deferred restricted Blackstone Holdings partnership units vest, the underlying Blackstone Holdings partnership units will be delivered to the Reporting Person, except that 1/4 of the vested units will be held back and delivered on a future date pursuant to the terms of the Reporting Person's award agreement. Notwithstanding the foregoing, the units may be delivered earlier upon a change in control of Blackstone.
- [F3]Such Blackstone Holdings partnership units are held in a trust, for the benefit of the Reporting Person's family members, of which the Reporting Person is the investment trustee.
- [F4]Such Blackstone Holdings partnership units are held in a trust, for the benefit of the Reporting Person's children, of which the Reporting Person is the investment trustee.
Documents
Issuer
Blackstone Group Inc
CIK 0001393818
Entity typeother
Related Parties
1- filerCIK 0001510762
Filing Metadata
- Form type
- 4
- Filed
- Jul 2, 8:00 PM ET
- Accepted
- Jul 3, 3:49 PM ET
- Size
- 10.5 KB