Blackstone Inc. — Director's Dealing 2013

Feb 14, 2013

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: Blackstone Group L.P. (BX)
CIK: 0001393818
Period of Report: 2012-12-31

Reporting Person: Tosi Laurence A (Chief Financial Officer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-12-26	Blackstone Holdings partnership unit	$	G	225000	Disposed		Common units representing limited partnership interests (225000)	Direct
2012-12-26	Blackstone Holdings partnership unit	$	G	225000	Acquired		Common units representing limited partnership interests (225000)	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 Reporting Person has the rights, 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 may not be exchanged at any time prior to December 31, 2013 other than pursuant to transactions or programs approved by Blackstone.

F2: These units are held in a trust for the benefit of the Reporting Person's son, of which the Reporting Person is a trustee with investment control (the "Trust").

F3: These units were transferred by the Reporting Person to the Trust.