Amendment No. 1 to Schedule 13G

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No. 1)*

 

 

BankUnited, Inc.

(Name of Issuer)

 

 

Common Stock, par value $0.01 per share

(Title of Class of Securities)

06652K103

(CUSIP Number)

December 31, 2012

(Date of Event which Requires Filing of this Statement)

 

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

¨ Rule 13d-1(b)

¨ Rule 13d-1(c)

x Rule 13d-1(d)

 

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 

 

Page 1


CUSIP No. 06652K103    13G    Page  2  of 22 Pages

 

  1.   

Name of Reporting Persons:

 

Blackstone Capital Partners V L.P.

  2.  

Check the Appropriate Box if a Member of a Group

(a)  ¨        (b)  x

 

  3.  

SEC Use Only

 

  4.  

Citizenship or Place of Organization:

 

    Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

   5.    

Sole Voting Power:

 

    10,430,666*

   6.   

Shared Voting Power:

 

    0

   7.   

Sole Dispositive Power:

 

    10,430,666*

   8.   

Shared Dispositive Power:

 

    0

  9.

 

Aggregate Amount Beneficially Owned by Each Reporting Person:

 

    10,430,666*

10.

 

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

    ¨

11.

 

Percent of Class Represented by Amount in Row (9):

 

    10.0%*

12.

 

Type of Reporting Person (See Instructions):

 

    PN

 

* Includes 4,117,032 shares of Series A Nonvoting Convertible Preferred Stock of the Company (the “Series A Preferred Stock”). As described in the Current Report on Form 8-K of BankUnited, Inc. (the “Company”), filed with the Securities and Exchange Commission (“SEC”) on March 6, 2012, the Reporting Persons that directly hold shares of Series A Preferred Stock can voluntarily convert, or the Company can request that such Reporting Persons convert, shares of Series A Preferred Stock into Common Stock on a one-for-one basis as long as the Reporting Persons collectively hold no more than 9.99% of the voting securities of the Company after giving effect to such conversion, excluding for the purpose of this calculation any reduction in ownership resulting from transfers by the Reporting Persons of Common Stock.


CUSIP No. 06652K103    13G    Page  3  of 22 Pages

 

  1.   

Name of Reporting Persons:

 

Blackstone Capital Partners V-AC L.P.

  2.  

Check the Appropriate Box if a Member of a Group

(a)  ¨        (b)  x

 

  3.  

SEC Use Only

 

  4.  

Citizenship or Place of Organization:

 

    Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

   5.    

Sole Voting Power:

 

    3,261,651*

   6.   

Shared Voting Power:

 

    0

   7.   

Sole Dispositive Power:

 

    3,261,651*

   8.   

Shared Dispositive Power:

 

    0

  9.

 

Aggregate Amount Beneficially Owned by Each Reporting Person:

 

    3,261,651*

10.

 

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

    ¨

11.

 

Percent of Class Represented by Amount in Row (9):

 

    3.4%*

12.

 

Type of Reporting Person (See Instructions):

 

    PN

 

* Includes 1,287,389 shares of Series A Preferred Stock. As described in the Current Report on Form 8-K of the Company, filed with the SEC on March 6, 2012, the Reporting Persons that directly hold shares of Series A Preferred Stock can voluntarily convert, or the Company can request that such Reporting Persons convert, shares of Series A Preferred Stock into Common Stock on a one-for-one basis as long as the Reporting Persons collectively hold no more than 9.99% of the voting securities of the Company after giving effect to such conversion, excluding for the purpose of this calculation any reduction in ownership resulting from transfers by the Reporting Persons of Common Stock.


CUSIP No. 06652K103    13G    Page  4  of 22 Pages

 

  1.   

Name of Reporting Persons:

 

Blackstone Family Investment Partnership V L.P.

  2.  

Check the Appropriate Box if a Member of a Group

(a)  ¨        (b)  x

 

  3.  

SEC Use Only

 

  4.  

Citizenship or Place of Organization:

 

    Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

   5.    

Sole Voting Power:

 

    18,224*

   6.   

Shared Voting Power:

 

    0

   7.   

Sole Dispositive Power:

 

    18,224*

   8.   

Shared Dispositive Power:

 

    0

  9.

 

Aggregate Amount Beneficially Owned by Each Reporting Person:

 

    18,224*

10.

 

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

    ¨

11.

 

Percent of Class Represented by Amount in Row (9):

 

    0.02%*

12.

 

Type of Reporting Person (See Instructions):

 

    PN

 

* Includes 7,193 shares of Series A Preferred Stock. As described in the Current Report on Form 8-K of the Company, filed with the SEC on March 6, 2012, the Reporting Persons that directly hold shares of Series A Preferred Stock can voluntarily convert, or the Company can request that such Reporting Persons convert, shares of Series A Preferred Stock into Common Stock on a one-for-one basis as long as the Reporting Persons collectively hold no more than 9.99% of the voting securities of the Company after giving effect to such conversion, excluding for the purpose of this calculation any reduction in ownership resulting from transfers by the Reporting Persons of Common Stock.


CUSIP No. 06652K103    13G    Page  5  of 22 Pages

 

  1.   

Name of Reporting Persons:

 

Blackstone Participation Partnership V L.P.

  2.  

Check the Appropriate Box if a Member of a Group

(a)  ¨        (b)  x

 

  3.  

SEC Use Only

 

  4.  

Citizenship or Place of Organization:

 

    Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

   5.    

Sole Voting Power:

 

    10,590*

   6.   

Shared Voting Power:

 

    0

   7.   

Sole Dispositive Power:

 

    10,590*

   8.   

Shared Dispositive Power:

 

    0

  9.

 

Aggregate Amount Beneficially Owned by Each Reporting Person:

 

    10,590*

10.

 

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

    ¨

11.

 

Percent of Class Represented by Amount in Row (9):

 

    0.01%*

12.

 

Type of Reporting Person (See Instructions):

 

    PN

 

* Includes 4,180 shares of Series A Preferred Stock. As described in the Current Report on Form 8-K of the Company, filed with the SEC on March 6, 2012, the Reporting Persons that directly hold shares of Series A Preferred Stock can voluntarily convert, or the Company can request that such Reporting Persons convert, shares of Series A Preferred Stock into Common Stock on a one-for-one basis as long as the Reporting Persons collectively hold no more than 9.99% of the voting securities of the Company after giving effect to such conversion, excluding for the purpose of this calculation any reduction in ownership resulting from transfers by the Reporting Persons of Common Stock.


CUSIP No. 06652K103    13G    Page  6  of 22 Pages

 

  1.   

Name of Reporting Persons:

 

Blackstone Management Associates V L.L.C.

  2.  

Check the Appropriate Box if a Member of a Group

(a)  ¨        (b)  x

 

  3.  

SEC Use Only

 

  4.  

Citizenship or Place of Organization:

 

    Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

   5.    

Sole Voting Power:

 

    13,692,317*

   6.   

Shared Voting Power:

 

    0

   7.   

Sole Dispositive Power:

 

    13,692,317*

   8.   

Shared Dispositive Power:

 

    0

  9.

 

Aggregate Amount Beneficially Owned by Each Reporting Person:

 

    13,692,317*

10.

 

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

    ¨

11.

 

Percent of Class Represented by Amount in Row (9):

 

    10.0%*

12.

 

Type of Reporting Person (See Instructions):

 

    OO

 

* Includes 5,404,421 shares of Series A Preferred Stock. As described in the Current Report on Form 8-K of the Company, filed with the SEC on March 6, 2012, the Reporting Persons that directly hold shares of Series A Preferred Stock can voluntarily convert, or the Company can request that such Reporting Persons convert, shares of Series A Preferred Stock into Common Stock on a one-for-one basis as long as the Reporting Persons collectively hold no more than 9.99% of the voting securities of the Company after giving effect to such conversion, excluding for the purpose of this calculation any reduction in ownership resulting from transfers by the Reporting Persons of Common Stock.


CUSIP No. 06652K103    13G    Page  7  of 22 Pages

 

  1.   

Name of Reporting Persons:

 

BMA V L.L.C.

  2.  

Check the Appropriate Box if a Member of a Group

(a)  ¨        (b)  x

 

  3.  

SEC Use Only

 

  4.  

Citizenship or Place of Organization:

 

    Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

   5.    

Sole Voting Power:

 

    13,692,317*

   6.   

Shared Voting Power:

 

    0

   7.   

Sole Dispositive Power:

 

    13,692,317*

   8.   

Shared Dispositive Power:

 

    0

  9.

 

Aggregate Amount Beneficially Owned by Each Reporting Person:

 

    13,692,317*

10.

 

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

    ¨

11.

 

Percent of Class Represented by Amount in Row (9):

 

    10.0%*

12.

 

Type of Reporting Person (See Instructions):

 

    OO

 

* Includes 5,404,421 shares of Series A Preferred Stock. As described in the Current Report on Form 8-K of the Company, filed with the SEC on March 6, 2012, the Reporting Persons that directly hold shares of Series A Preferred Stock can voluntarily convert, or the Company can request that such Reporting Persons convert, shares of Series A Preferred Stock into Common Stock on a one-for-one basis as long as the Reporting Persons collectively hold no more than 9.99% of the voting securities of the Company after giving effect to such conversion, excluding for the purpose of this calculation any reduction in ownership resulting from transfers by the Reporting Persons of Common Stock.


CUSIP No. 06652K103    13G    Page  8  of 22 Pages

 

  1.   

Name of Reporting Persons:

 

BCP V Side-by-Side GP L.L.C.

  2.  

Check the Appropriate Box if a Member of a Group

(a)  ¨        (b)  x

 

  3.  

SEC Use Only

 

  4.  

Citizenship or Place of Organization:

 

    Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

   5.    

Sole Voting Power:

 

    28,814*

   6.   

Shared Voting Power:

 

    0

   7.   

Sole Dispositive Power:

 

    28,814*

   8.   

Shared Dispositive Power:

 

    0

  9.

 

Aggregate Amount Beneficially Owned by Each Reporting Person:

 

    28,814*

10.

 

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

    ¨

11.

 

Percent of Class Represented by Amount in Row (9):

 

    0.03%*

12.

 

Type of Reporting Person (See Instructions):

 

    OO

 

* Includes 11,373 shares of Series A Preferred Stock. As described in the Current Report on Form 8-K of the Company, filed with the SEC on March 6, 2012, the Reporting Persons that directly hold shares of Series A Preferred Stock can voluntarily convert, or the Company can request that such Reporting Persons convert, shares of Series A Preferred Stock into Common Stock on a one-for-one basis as long as the Reporting Persons collectively hold no more than 9.99% of the voting securities of the Company after giving effect to such conversion, excluding for the purpose of this calculation any reduction in ownership resulting from transfers by the Reporting Persons of Common Stock.


CUSIP No. 06652K103    13G    Page  9  of 22 Pages

 

  1.   

Name of Reporting Persons:

 

Blackstone Holdings III L.P.

  2.  

Check the Appropriate Box if a Member of a Group

(a)  ¨        (b)  x

 

  3.  

SEC Use Only

 

  4.  

Citizenship or Place of Organization:

 

    Quebec, Canada

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

   5.    

Sole Voting Power:

 

    13,721,131*

   6.   

Shared Voting Power:

 

    0

   7.   

Sole Dispositive Power:

 

    13,721,131*

   8.   

Shared Dispositive Power:

 

    0

  9.

 

Aggregate Amount Beneficially Owned by Each Reporting Person:

 

    13,721,131*

10.

 

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

    ¨

11.

 

Percent of Class Represented by Amount in Row (9):

 

    10.0%*

12.

 

Type of Reporting Person (See Instructions):

 

    PN

 

* Includes 5,415,794 shares of Series A Preferred Stock. As described in the Current Report on Form 8-K of the Company, filed with the SEC on March 6, 2012, the Reporting Persons that directly hold shares of Series A Preferred Stock can voluntarily convert, or the Company can request that such Reporting Persons convert, shares of Series A Preferred Stock into Common Stock on a one-for-one basis as long as the Reporting Persons collectively hold no more than 9.99% of the voting securities of the Company after giving effect to such conversion, excluding for the purpose of this calculation any reduction in ownership resulting from transfers by the Reporting Persons of Common Stock.


CUSIP No. 06652K103    13G    Page  10  of 22 Pages

 

  1.   

Name of Reporting Persons:

 

Blackstone Holdings III GP L.P.

  2.  

Check the Appropriate Box if a Member of a Group

(a)  ¨        (b)  x

 

  3.  

SEC Use Only

 

  4.  

Citizenship or Place of Organization:

 

    Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

   5.    

Sole Voting Power:

 

    13,721,131*

   6.   

Shared Voting Power:

 

    0

   7.   

Sole Dispositive Power:

 

    13,721,131*

   8.   

Shared Dispositive Power:

 

    0

  9.

 

Aggregate Amount Beneficially Owned by Each Reporting Person:

 

    13,721,131*

10.

 

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

    ¨

11.

 

Percent of Class Represented by Amount in Row (9):

 

    10.0%*

12.

 

Type of Reporting Person (See Instructions):

 

    PN

 

* Includes 5,415,794 shares of Series A Preferred Stock. As described in the Current Report on Form 8-K of the Company, filed with the SEC on March 6, 2012, the Reporting Persons that directly hold shares of Series A Preferred Stock can voluntarily convert, or the Company can request that such Reporting Persons convert, shares of Series A Preferred Stock into Common Stock on a one-for-one basis as long as the Reporting Persons collectively hold no more than 9.99% of the voting securities of the Company after giving effect to such conversion, excluding for the purpose of this calculation any reduction in ownership resulting from transfers by the Reporting Persons of Common Stock.


CUSIP No. 06652K103    13G    Page  11  of 22 Pages

 

  1.   

Name of Reporting Persons:

 

Blackstone Holdings III GP Management L.L.C.

  2.  

Check the Appropriate Box if a Member of a Group

(a)  ¨        (b)  x

 

  3.  

SEC Use Only

 

  4.  

Citizenship or Place of Organization:

 

    Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

   5.    

Sole Voting Power:

 

    13,721,131*

   6.   

Shared Voting Power:

 

    0

   7.   

Sole Dispositive Power:

 

    13,721,131*

   8.   

Shared Dispositive Power:

 

    0

  9.

 

Aggregate Amount Beneficially Owned by Each Reporting Person:

 

    13,721,131*

10.

 

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

    ¨

11.

 

Percent of Class Represented by Amount in Row (9):

 

    10.0%*

12.

 

Type of Reporting Person (See Instructions):

 

    OO

 

* Includes 5,415,794 shares of Series A Preferred Stock. As described in the Current Report on Form 8-K of the Company, filed with the SEC on March 6, 2012, the Reporting Persons that directly hold shares of Series A Preferred Stock can voluntarily convert, or the Company can request that such Reporting Persons convert, shares of Series A Preferred Stock into Common Stock on a one-for-one basis as long as the Reporting Persons collectively hold no more than 9.99% of the voting securities of the Company after giving effect to such conversion, excluding for the purpose of this calculation any reduction in ownership resulting from transfers by the Reporting Persons of Common Stock.


CUSIP No. 06652K103    13G    Page  12  of 22 Pages

 

  1.   

Name of Reporting Persons:

 

The Blackstone Group L.P.

  2.  

Check the Appropriate Box if a Member of a Group

(a)  ¨        (b)  x

 

  3.  

SEC Use Only

 

  4.  

Citizenship or Place of Organization:

 

    Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

   5.    

Sole Voting Power:

 

    13,721,131*

   6.   

Shared Voting Power:

 

    0

   7.   

Sole Dispositive Power:

 

    13,721,131*

   8.   

Shared Dispositive Power:

 

    0

  9.

 

Aggregate Amount Beneficially Owned by Each Reporting Person:

 

    13,721,131*

10.

 

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

    ¨

11.

 

Percent of Class Represented by Amount in Row (9):

 

    10.0%*

12.

 

Type of Reporting Person (See Instructions):

 

    PN

 

* Includes 5,415,794 shares of Series A Preferred Stock. As described in the Current Report on Form 8-K of the Company, filed with the SEC on March 6, 2012, the Reporting Persons that directly hold shares of Series A Preferred Stock can voluntarily convert, or the Company can request that such Reporting Persons convert, shares of Series A Preferred Stock into Common Stock on a one-for-one basis as long as the Reporting Persons collectively hold no more than 9.99% of the voting securities of the Company after giving effect to such conversion, excluding for the purpose of this calculation any reduction in ownership resulting from transfers by the Reporting Persons of Common Stock.


CUSIP No. 06652K103    13G    Page  13  of 22 Pages

 

  1.   

Name of Reporting Persons:

 

Blackstone Group Management L.L.C.

  2.  

Check the Appropriate Box if a Member of a Group

(a)  ¨        (b)  x

 

  3.  

SEC Use Only

 

  4.  

Citizenship or Place of Organization:

 

    Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

   5.    

Sole Voting Power:

 

    13,721,131*

   6.   

Shared Voting Power:

 

    0

   7.   

Sole Dispositive Power:

 

    13,721,131*

   8.   

Shared Dispositive Power:

 

    0

  9.

 

Aggregate Amount Beneficially Owned by Each Reporting Person:

 

    13,721,131*

10.

 

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

    ¨

11.

 

Percent of Class Represented by Amount in Row (9):

 

    10.0%*

12.

 

Type of Reporting Person (See Instructions):

 

    OO

 

* Includes 5,415,794 shares of Series A Preferred Stock. As described in the Current Report on Form 8-K of the Company, filed with the SEC on March 6, 2012, the Reporting Persons that directly hold shares of Series A Preferred Stock can voluntarily convert, or the Company can request that such Reporting Persons convert, shares of Series A Preferred Stock into Common Stock on a one-for-one basis as long as the Reporting Persons collectively hold no more than 9.99% of the voting securities of the Company after giving effect to such conversion, excluding for the purpose of this calculation any reduction in ownership resulting from transfers by the Reporting Persons of Common Stock.


CUSIP No. 06652K103    13G    Page  14  of 22 Pages

 

  1.   

Name of Reporting Persons:

 

Steven A. Schwarzman

  2.  

Check the Appropriate Box if a Member of a Group

(a)  ¨        (b)  x

 

  3.  

SEC Use Only

 

  4.  

Citizenship or Place of Organization:

 

    United States

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

   5.    

Sole Voting Power:

 

    13,721,131*

   6.   

Shared Voting Power:

 

    0

   7.   

Sole Dispositive Power:

 

    13,721,131*

   8.   

Shared Dispositive Power:

 

    0

  9.

 

Aggregate Amount Beneficially Owned by Each Reporting Person:

 

    13,721,131*

10.

 

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

    ¨

11.

 

Percent of Class Represented by Amount in Row (9):

 

    10.0%*

12.

 

Type of Reporting Person (See Instructions):

 

    IN

 

* Includes 5,415,794 shares of Series A Preferred Stock. As described in the Current Report on Form 8-K of the Company, filed with the SEC on March 6, 2012, the Reporting Persons that directly hold shares of Series A Preferred Stock can voluntarily convert, or the Company can request that such Reporting Persons convert, shares of Series A Preferred Stock into Common Stock on a one-for-one basis as long as the Reporting Persons collectively hold no more than 9.99% of the voting securities of the Company after giving effect to such conversion, excluding for the purpose of this calculation any reduction in ownership resulting from transfers by the Reporting Persons of Common Stock.


      Page  15  of 22 Pages

 

Item 1.  

(a).

   Name of Issuer      
     BankUnited, Inc. (the “Company”)      
 

(b).

   Address of Issuer’s Principal Executive Offices:      
    

14817 Oak Lane, Miami Lakes, FL

     
Item 2  

(a).

   Name of Person Filing      

Item 2

 

(b).

   Address of Principal Business Office      

Item 2

 

(c).

   Citizenship      
    

(i) Blackstone Capital Partners V L.P.

c/o The Blackstone Group L.P.

345 Park Avenue

New York, NY 10154

Citizenship: State of Delaware

     
    

(ii) Blackstone Capital Partners V-AC L.P.

c/o The Blackstone Group L.P.

345 Park Avenue

New York, NY 10154

Citizenship: State of Delaware

     
    

(iii) Blackstone Family Investment Partnership V L.P.

c/o The Blackstone Group L.P.

345 Park Avenue

New York, NY 10154

Citizenship: State of Delaware

     
    

(iv) Blackstone Participation Partnership V L.P.

c/o The Blackstone Group L.P.

345 Park Avenue

New York, NY 10154

Citizenship: State of Delaware

     
    

(v) Blackstone Management Associates V L.L.C.

c/o The Blackstone Group L.P.

345 Park Avenue

New York, NY 10154

Citizenship: State of Delaware

     
    

(vi) BMA V L.L.C.

c/o The Blackstone Group L.P.

345 Park Avenue

New York, NY 10154

Citizenship: State of Delaware

     
     (vii) BCP V Side-by-Side GP L.L.C.      


      Page  16  of 22 Pages

 

    

c/o The Blackstone Group L.P.

345 Park Avenue

New York, NY 10154

Citizenship: State of Delaware

     
    

(viii) Blackstone Holdings III L.P.

c/o The Blackstone Group L.P.

345 Park Avenue

New York, NY 10154

Citizenship: Quebec, Canada

     
    

(ix) Blackstone Holdings III GP L.P.

c/o The Blackstone Group L.P.

345 Park Avenue

New York, NY 10154

Citizenship: State of Delaware

     
    

(x) Blackstone Holdings III GP Management L.L.C.

c/o The Blackstone Group L.P.

345 Park Avenue

New York, NY 10154

Citizenship: State of Delaware

     
    

(xi) The Blackstone Group L.P.

345 Park Avenue

New York, NY 10154

Citizenship: State of Delaware

     
    

(xii) Blackstone Group Management L.L.C.

c/o The Blackstone Group L.P.

345 Park Avenue

New York, NY 10154

Citizenship: State of Delaware

     
    

(xiii) Steven A. Schwarzman

c/o The Blackstone Group L.P.

345 Park Avenue

New York, NY 10154

Citizenship: United States

     
     The foregoing persons are hereinafter sometimes collectively referred to as the “Reporting Persons.”      
     Blackstone Capital Partners V L.P. (“BCP V”) directly holds 6,313,634 shares of Common Stock (as defined below); Blackstone Capital Partners V-AC L.P. (“BCP V-AC”) directly holds 1,974,262 shares of Common Stock; Blackstone Family Investment Partnership V      


      Page  17  of 22 Pages

 

     L.P. (“Family”) directly holds 11,031 shares of Common Stock; and Blackstone Participation Partnership V L.P. (“Participation”) directly holds 6,410 shares of Common Stock.      
     BCP V directly holds 4,117,032 shares of Series A Preferred Stock; BCP V-AC directly holds 1,287,389 shares of Series A Preferred Stock; Family directly holds 7,193 shares of Series A Preferred Stock; and Participation directly holds 4,180 shares of Series A Preferred Stock. As described in the Current Report on Form 8-K of the Company, filed with the SEC on March 6, 2012, the Reporting Persons that directly hold shares of Series A Preferred Stock can voluntarily convert, or the Company can request that such Reporting Persons convert, shares of Series A Preferred Stock into Common Stock on a one-for-one basis as long as the Reporting Persons collectively hold no more than 9.99% of the voting securities of the Company after giving effect to such conversion, excluding for the purpose of this calculation any reduction in ownership resulting from transfers by the Reporting Persons of Common Stock.      
     The general partner of BCP V and BCP V-AC is Blackstone Management Associates V L.L.C. BMA V L.L.C. is the sole member of Blackstone Management Associates V L.L.C. The general partner of Family and Participation is BCP V Side-By-Side GP L.L.C. Blackstone Holdings III L.P. is the managing member and the owner of a majority interest of BMA V L.L.C. and the sole member of BCP V Side-By-Side GP L.L.C. Blackstone Holdings III GP L.P is the general partner of Blackstone Holdings III L.P. The general partner of Blackstone Holdings III GP L.P. is Blackstone Holdings III GP Management L.L.C. The sole member of Blackstone Holdings III GP Management L.L.C. is The Blackstone Group L.P. The general partner of The Blackstone Group L.P. is Blackstone Group Management L.L.C. Blackstone Group Management L.L.C. is wholly owned by Blackstone’s senior managing directors and controlled by its founder, Stephen A. Schwarzman.      
     Each of such Blackstone entities and Mr. Schwarzman may be deemed to beneficially own the Common Stock beneficially owned by the Blackstone Funds directly or indirectly controlled by it or him, but each disclaims beneficial ownership of such Common Stock.      

Item 2

 

(d).

   Title of Class of Securities:      
     Common Stock, par value $0.01 (the “Common Stock”)      

Item 2

 

(e).

   CUSIP Number:      
     06652K103      
Item 3.      If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a:      
     Not Applicable.      
Item 4.      Ownership.      
     (a)    Amount beneficially owned:      
       

As of December 31, 2012, each of the Reporting Persons may be deemed to be the beneficial owner of the Common Stock listed on such Reporting Person’s respective cover page.

     
     (b)    Percent of class:      
       

The Quarterly Report on Form 10-Q of BankUnited, Inc. for the period ended September 30, 2012, as filed with the Securities and Exchange Commission on November 9, 2012, indicated that there were 94,460,463 outstanding shares of Common Stock as of November 2, 2012. Based on this number of outstanding shares of Common Stock, each

     


      Page  18  of 22 Pages

 

   of the Reporting Persons may be deemed to be the beneficial owner of the percentage of the total number of outstanding shares of Common Stock listed on such Reporting Person’s respective cover page.      
   (c)    Number of Shares as to which the Reporting Person has:      
      (i)    Sole power to vote or to direct the vote:      
        

See Item 5 of the respective cover page.

     
      (ii)    Shared power to vote or to direct the vote:      
         See Item 6 of the respective cover page.      
      (iii)    Sole power to dispose or to direct the disposition of:      
        

See Item 7 of the respective cover page.

     
      (iv)    Shared power to dispose or to direct the disposition of:      
        

See Item 8 of the respective cover page.

     


      Page  19  of 22 Pages

 

Item 5.       Ownership of Five Percent or Less of a Class      
     

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following:  ¨

     
Item 6.       Ownership of More than Five Percent on Behalf of Another Person.      
      Not Applicable.      
Item 7.       Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company.      
      Not Applicable.      
Item 8.       Identification and Classification of Members of the Group.      
      Not Applicable.      
Item 9.       Notice of Dissolution of Group.      
      Not Applicable.      
Item 10.       Certification.      
      Not Applicable.      


      Page  20  of 22 Pages

 

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated: February 14, 2013

 

BLACKSTONE CAPITAL PARTNERS V L.P.

By: Blackstone Management Associates V L.L.C., its general partner

By: BMA V L.L.C., its sole member

By: /s/    John G. Finley

Name: John G. Finley
Title: Chief Legal Officer

BLACKSTONE CAPITAL PARTNERS V-AC L.P.

By: Blackstone Management Associates V L.L.C., its general partner

By: BMA V L.L.C., its sole member

By: /s/    John G. Finley

Name: John G. Finley
Title: Chief Legal Officer

BLACKSTONE FAMILY INVESTMENT PARTNERSHIP V L.P.

By: BCP V Side-by-Side GP L.L.C., its general partner

By: /s/    John G. Finley

Name: John G. Finley
Title: Chief Legal Officer

BLACKSTONE PARTICIPATION PARTNERSHIP V L.P.

By: BCP V Side-by-Side GP L.L.C., its general partner

By: /s/    John G. Finley

Name: John G. Finley
Title: Chief Legal Officer


      Page  21  of 22 Pages

 

BLACKSTONE MANAGEMENT ASSOCIATES V L.L.C.
By: BMA V L.L.C., its sole member

By: /s/    John G. Finley

Name: John G. Finley
Title: Chief Legal Officer
BMA V L.L.C.

By: /s/    John G. Finley

Name: John G. Finley
Title: Chief Legal Officer
BCP V SIDE-BY-SIDE GP L.L.C.

By: /s/    John G. Finley

Name: John G. Finley
Title: Chief Legal Officer

BLACKSTONE HOLDINGS III L.P.

By: Blackstone Holdings III GP L.P., its general partner

By: Blackstone Holdings III GP Management L.L.C., its general partner

By: /s/    John G. Finley

Name: John G. Finley
Title: Chief Legal Officer

BLACKSTONE HOLDINGS III GP L.P.

By: Blackstone Holdings III GP Management L.L.C., its general partner

By: /s/    John G. Finley

Name: John G. Finley
Title: Chief Legal Officer
BLACKSTONE HOLDINGS III GP MANAGEMENT L.L.C.

By: /s/    John G. Finley

Name: John G. Finley
Title: Chief Legal Officer


      Page  22  of 22 Pages

 

THE BLACKSTONE GROUP L.P.

By: Blackstone Group Management L.L.C., its

General Partner

By: /s/    John G. Finley

Name:   John G. Finley
Title:   Chief Legal Officer
BLACKSTONE GROUP MANAGEMENT L.L.C.

By: /s/    John G. Finley

Name:   John G. Finley
Title:   Chief Legal Officer
STEPHEN A. SCHWARZMAN

By: /s/    Stephen A. Schwarzman

Name:   Stephen A. Schwarzman