Blackstone Inc. — Director's Dealing 2011

Jan 28, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Blackstone Group L.P. (BX)
CIK: 0001393818
Period of Report: 2011-01-26

Reporting Person: HILL J TOMILSON (Director, Vice Chairman)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-01-26	Common units representing limited partner interests	A	541439	—	Disposed	1871760	Direct

Footnotes

F1: Granted under the 2007 Equity Incentive Plan, as amended 451,199 of these deferred restricted Blackstone Group L.P. common units will vest ratebly over three years on each anniversary of the grant date subject to Mr. Hill's continued employment with Blacksotne. The other 90,240 of these deferred restricted Blackstone Group L.P. common units will vest on the three year anniversary of the grant date subject to Mr. Hill's continued employment with Blackstone. As these deferred restricted Blackstone Group L.P. common units vest, the underlying Blackstone Group L.P. common units will be delivered to the reporting person in accordance with the 2007 Equity Incentive PLan.