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Blackstone Inc. Director's Dealing 2014

May 1, 2014

29782_dirs_2014-05-01_0e92737b-c93f-48d2-a14a-096d075c4cf2.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: 2014-04-29

Reporting Person: Solotar Joan (SMD, External Relations)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2014-04-29 Common units representing limited partner interests C 6600 Acquired 6600 Direct
2014-04-29 Common units representing limited partner interests G 6600 Disposed 0 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2014-04-29 Blackstone Holdings partnership units $ C 6600 Disposed Common units representing limited partner interests (6600) Direct

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, 2014 other than pursuant to transactions or programs approved by Blackstone.

F2: Pursuant to an exchange agreement, the Reporting Person exchanged 6,600 Blackstone Holdings partnership units for an equal number of common units of The Blackstone Group L.P

F3: The Reporting Person donated a total of 6,600 Blackstone common units to two charitable organizations.

F4: Since the date of the Reporting Person's last ownership report, she transferred 11,694 common units representing limited partner interests pursuant to Rule 16a-12. The Reporting Person no longer reports such transferred securities as beneficially owned.