Blackstone Inc. — Director's Dealing 2014

Jan 15, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Blackstone Group L.P. (BX)
CIK: 0001393818
Period of Report: 2014-01-14

Reporting Person: SKERO KATHLEEN (Principal Accounting Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-01-13	Common units representing limited partner interests	A	11559	—	Acquired	120761	Direct

Footnotes

F1: Granted under the 2007 Equity Incentive Plan, 9,632 of these 11,559 deferred restricted common units vest ratably over a four-year period, with 2,408 units vesting on January 1, 2015, 2,408 units vesting on January 1, 2016, 2,408 units vesting on January 1, 2017, and 2,408 units vesting on January 1, 2018, subject to the Reporting Person's continued employment with Blackstone. Also granted under the 2007 Equity Incentive Plan, 1,927 of these deferred restricted common units will vest on the four-year anniversary of the grant date, which is January 1, 2018, subject to the Reporting Person's continued employment with Blackstone. As these deferred restricted common units vest, the underlying common units will be delivered to the Reporting Person. Notwithstanding the foregoing, the units may be delivered earlier upon a change in control of Blackstone.