X0306 4 2016-07-18 0 0001593936 Michaels Companies, Inc. MIK 0001404071 Blackstone Group Management L.L.C. C/O THE BLACKSTONE GROUP L.P., 345 PARK AVENUE NEW YORK NY 10154 0 0 1 0 0001393818 Blackstone Group L.P. C/O THE BLACKSTONE GROUP L.P., 345 PARK AVENUE NEW YORK NY 10154 0 0 1 0 0001368608 BMA V L.L.C. C/O THE BLACKSTONE GROUP L.P., 345 PARK AVENUE NEW YORK NY 10154 0 0 1 0 0001511249 BCP V Side-by-Side GP L.L.C. C/O THE BLACKSTONE GROUP L.P., 345 PARK AVENUE NEW YORK NY 10154 0 0 1 0 0001404964 BLACKSTONE FAMILY GP LLC C/O THE BLACKSTONE GROUP L.P., 345 PARK AVENUE NEW YORK NY 10154 0 0 1 0 0001404073 Blackstone Holdings III L.P. C/O THE BLACKSTONE GROUP L.P., 345 PARK AVENUE NEW YORK NY 10154 0 0 1 0 0001478809 Blackstone Holdings III GP L.P. C/O THE BLACKSTONE GROUP L.P., 345 PARK AVENUE NEW YORK NY 10154 0 0 1 0 0001478815 Blackstone Holdings III GP Management L.L.C. C/O THE BLACKSTONE GROUP L.P., 345 PARK AVENUE NEW YORK NY 10154 0 0 1 0 0001070844 SCHWARZMAN STEPHEN A C/O THE BLACKSTONE GROUP L.P., 345 PARK AVENUE NEW YORK NY 10154 0 0 1 0 Common Stock 2016-07-18 4 S 0 4152521 27.71 D 38047300 I See Footnotes Common Stock 2016-07-18 4 S 0 949728 27.71 D 8701842 I See Footnotes Common Stock 2016-07-18 4 S 0 59475 27.71 D 554941 I See Footnotes Common Stock 2016-07-18 4 S 0 12624 27.71 D 115669 I See Footnotes Common Stock 2016-07-18 4 S 0 185158 27.71 D 1696507 I See Footnotes Common Stock 2016-07-18 4 S 0 140494 27.71 D 1287272 I See Footnotes These securities are directly held by Blackstone Capital Partners V L.P. These securities are directly held by BCP V-S L.P. These securities are directly held by Blackstone Family Investment Partnership V L.P. These securities are directly held by Blackstone Participation Partnership V L.P. These securities are directly held by BCP V Co-Investors L.P. These securities are directly held by Blackstone Family Investment Partnership V-SMD L.P. (Blackstone Family Investment Partnership V-SMD L.P., together with Blackstone Capital Partners V L.P., BCP V-S L.P., Blackstone Family Investment Partnership V L.P., Blackstone Participation Partnership V L.P. and BCP V Co-Investors L.P., the "Blackstone Funds"). The general partner of Blackstone Capital Partners V L.P., BCP V-S L.P. and BCP V Co-Investors L.P. 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 Blackstone Family Investment Partnership V L.P. and Blackstone Participation Partnership V L.P. is BCP V Side-by-Side GP L.L.C. Blackstone Holdings III L.P. is the sole member of BCP V Side-by-Side GP L.L.C. and the managing member and majority in interest owner of BMA V L.L.C. The general partner of Blackstone Holdings III L.P. is Blackstone Holdings III GP 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. The general partner of Blackstone Family Investment Partnership V-SMD L.P. is Blackstone Family GP L.L.C. Blackstone Family GP L.L.C. is wholly owned by Blackstone's senior managing directors and controlled by its founder, Mr. Schwarzman. Information with respect to each of the Reporting Persons is given solely by such Reporting Person, and no Reporting Person has responsibility for the accuracy or completeness of information supplied by another Reporting Person. Each of the Reporting Persons (other than each of the Blackstone Funds to the extent they directly hold securities reported herein), disclaims beneficial ownership of the securities held by the Blackstone Funds, except to the extent of such Reporting Person's pecuniary interest therein, and, pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, each of the Reporting Persons (other than each of the Blackstone Funds to the extent they directly hold securities reported herein) states that the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose. Due to the limitations of the electronic filing system, Blackstone Management Associates V L.L.C., Blackstone Capital Partners V L.P., BCP V-S L.P., Blackstone Family Investment Partnership V L.P., Blackstone Participation Partnership V L.P., BCP V Co-Investors L.P. and Blackstone Family Investment Partnership V-SMD L.P. have filed a separate Form 4. This amount represents the $27.85 public offering price per share of Common Stock, par value $0.067751 ("Common Stock"), of The Michaels Companies, Inc., less the underwriting discount of $0.14 per share of Common Stock. BMA V L.L.C. By: /s. John G. Finley Name: John G. Finley Title: Chief Legal Officer 2016-07-20 BCP V SIDE-BY-SIDE GP L.L.C. By: /s/ John G. Finley Name: John G. Finley Title: Chief Legal Officer 2016-07-20 BLACKSTONE FAMILY GP L.L.C. By: /s/ John G. Finley Name: John G. Finley Title: Chief Legal Officer 2016-07-20 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 2016-07-20 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 2016-07-20 BLACKSTONE HOLDINGS III GP MANAGEMENT L.L.C. By: /s/ John G. Finley Name: John G. Finley Title: Chief Legal Officer 2016-07-20 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 2016-07-20 BLACKSTONE GROUP MANAGEMENT L.L.C. By: /s/ John G. Finley Name: John G. Finley Title: Chief Legal Officer 2016-07-20 STEPHEN A. SCHWARZMAN By: /s/ Stephen A. Schwarzman Name: Stephen A. Schwarzman 2016-07-20