Blackstone Inc. — Director's Dealing 2010

Feb 11, 2010

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: Blackstone Group L.P. (BX)
CIK: 0001393818
Period of Report: 2009-12-31

Reporting Person: Moss Sylvia F (Senior Managing Director-Admin)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2009-11-12	Blackstone Holdings Partnership units	$	G	5712	Disposed		Common units representing limited partnership units (5712)	Direct

Footnotes

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. and Blackstone Holdings IV L.P. Subject to the minimum retained ownership requirements and transfer restrictions set forth in the partnership agreements of the Blackstone Holdings partnerships, the Reporting Person has the right, exercisable from time to time, to exchange each Blackstone Holding 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, 2010 other than pursuant to transactions or programs approved by Blackstone.

F2: The Reporting Person donated 5,712 Blackstone Holdings partnership units to a charitable foundation.