4//SEC Filing
Chae Michael 4
Accession 0001209191-20-029883
CIK 0001393818other
Filed
May 14, 8:00 PM ET
Accepted
May 15, 8:03 PM ET
Size
11.8 KB
Accession
0001209191-20-029883
Insider Transaction Report
Form 4
Chae Michael
CFO & Vice Chairman
Transactions
- Award
Class A Common Stock
2020-04-01+216,348→ 312,147 total - Gift
Blackstone Holdings partnership units
2020-03-04−200,000→ 5,510,486 total→ Class A Common Stock (200,000 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]Granted under the Amended and Restated 2007 Equity Incentive Plan, 10% of these deferred restricted shares, or 21,634 shares, will vest on July 1, 2021; an additional 10%, or 21,635 shares, will vest on July 1, 2022; an additional 20%, or 43,270 shares, will vest on July 1, 2023; an additional 30%, or 64,904 shares, will vest on July 1, 2024; and the remaining 30%, or 64,905 shares, will vest on July 1, 2025. As these deferred restricted shares vest, the shares will be delivered to the Reporting Person, except that 1/4 of the vested shares 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 shares may be delivered earlier upon a change in control of Blackstone.
- [F2]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 other than pursuant to transactions or programs approved by 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
- May 14, 8:00 PM ET
- Accepted
- May 15, 8:03 PM ET
- Size
- 11.8 KB