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Blackstone Inc. Director's Dealing 2012

Oct 29, 2012

29782_dirs_2012-10-29_491e78ff-ba5b-43c3-a710-be090d82a6e9.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Blackstone Group L.P. (BX)
CIK: 0001393818
Period of Report: 2012-10-26

Reporting Person: GRAY JONATHAN (Director)

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2012-10-26 Blackstone Holdings partnership units $ G 48372 Disposed Common units representing limited partner interests (48372) Direct
2012-10-26 Blackstone Holdings partnership units $ G 48372 Acquired Common units representing limited partner interests (48372) Indirect
2012-10-26 Blackstone Holdings partnership units $ S 1914578 Disposed Common units representing limited partner interests (1914578) Direct
2012-10-26 Blackstone Holdings partnership units $ P 1914578 Acquired Common units representing limited partner interests (1914578) Indirect

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Blackstone Holdings partnership units $ Common units representing limited partner interests (6911534) 6911534 Indirect

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 partnerships, the holder has the right, exercisable from time to time, to exchange each Blackstone Holdings partnership unit for one common unit of The Blackstone Group L.P. The Blackstone Holdings partnership units have no expiration date and are not exchangeable prior to December 31, 2013 other than pursuant to transactions or programs approved by Blackstone.

F2: These Blackstone Holdings partnership units are held in a trust for the benefit of the Reporting Person's children of which the Reporting Person is the investment trustee.

F3: Reflects a transfer from the Reporting Person to a trust for the benefit of the Reporting Person's children of which the Reporting Person is the investment trustee.

F4: These Blackstone Holdings partnership units are held in Grantor Retained Annuity Trusts of which the Reporting Person is the investment trustee.