Blackstone Inc. — Director's Dealing 2012

May 7, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Blackstone Group L.P. (BX)
CIK: 0001393818
Period of Report: 2011-08-05

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-08-05	Common units representing limited partner interests	G	497980	—	Disposed	2127062	Direct
2011-08-05	Common units representing limited partner interests	G	2020	—	Disposed	2125042	Direct
2012-03-07	Common units representing limited partner interests	G	1035513	—	Disposed	1089529	Direct
2012-03-07	Common units representing limited partner interests	G	5051	—	Disposed	1084478	Direct
2011-08-05	Common units representing limited partner interests	G	200000	—	Disposed	500000	Indirect
2012-03-07	Common units representing limited partner interests	G	500000	—	Disposed	0	Indirect
2011-08-05	Common units representing limited partner interests	G	200000	—	Acquired	200000	Indirect
2011-08-05	Common units representing limited partner interests	G	2020	—	Acquired	202020	Indirect
2012-03-07	Common units representing limited partner interests	G	500000	—	Acquired	702020	Indirect
2012-03-07	Common units representing limited partner interests	G	5051	—	Acquired	707071	Indirect
2011-08-05	Common units representing limited partner interests	G	497980	—	Acquired	497980	Indirect
2012-03-07	Common units representing limited partner interests	G	1035513	—	Acquired	1533493	Indirect
2011-08-05	Common units representing limited partner interests	G	2020	—	Acquired	2020	Indirect
2011-08-05	Common units representing limited partner interests	G	2020	—	Disposed	0	Indirect
2012-03-07	Common units representing limited partner interests	G	5051	—	Acquired	5051	Indirect
2012-03-07	Common units representing limited partner interests	G	5051	—	Disposed	0	Indirect

Footnotes

F1: Mr. Hill transferred these units to a personal LLC of which he is a manager.

F2: Mr. Hill transferred these units to his spouse.

F3: These units were transferred from a trust for the benefit of Mr. Hill's children, of which Mr. Hill's spouse is the investment trustee, to a trust LLC of which Mr. Hill's spouse is the manager ("Trust LLC").

F4: These units are held by a trust for the benefit of Mr. Hill's children, of which Mr. Hill's spouse is the investment trustee. Mr. Hill disclaims beneficial ownership of the units held by this trust except to the extent of his pecuniary interest.

F5: These units are held by Trust LLC. Mr. Hill disclaims beneficial ownership of the units held by Trust LLC except to the extent of his pecuniary interest.

F6: These units were transferred by Mr. Hill's spouse to Trust LLC.

F7: These units are held by a personal LLC, of which Mr. Hill is a manager. Mr. Hill disclaims beneficial ownership of the units held by this personal trust except to the extent of his pecuniary interest.

F8: These units are held by Mr. Hill's spouse. Mr. Hill disclaims beneficial ownership of the units held by his spouse except to the extent of his pecuniary interest.