Blackstone Inc. — Director's Dealing 2015

Apr 1, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: La Quinta Holdings Inc. (LQ)
CIK: 0001594617
Period of Report: 2015-03-30

Reporting Person: Blackstone Holdings II L.P. (10% Owner)
Reporting Person: BREA IV L.L.C. (10% Owner)
Reporting Person: BREA V L.L.C. (10% Owner)
Reporting Person: BREP IV Side-by-Side GP L.L.C. (10% Owner)
Reporting Person: BREP V Side-by-Side GP L.L.C. (10% Owner)
Reporting Person: Blackstone Holdings I/II GP Inc (10% Owner)
Reporting Person: Blackstone Group L.P. (10% Owner)
Reporting Person: Blackstone Group Management L.L.C. (10% Owner)
Reporting Person: SCHWARZMAN STEPHEN A (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-03-30	Common Stock	S	7987378	—	Disposed	14737416	Indirect
2015-03-30	Common Stock	S	1099851	—	Disposed	2029321	Indirect
2015-03-30	Common Stock	S	621131	—	Disposed	1146041	Indirect
2015-03-30	Common Stock	S	208894	—	Disposed	385429	Indirect
2015-03-30	Common Stock	S	84516	—	Disposed	155940	Indirect
2015-03-30	Common Stock	S	225063	—	Disposed	415261	Indirect
2015-03-30	Common Stock	S	309150	—	Disposed	570409	Indirect
2015-03-30	Common Stock	S	358776	—	Disposed	661972	Indirect
2015-03-30	Common Stock	S	105200	—	Disposed	194104	Indirect
2015-03-30	Common Stock	S	3593527	—	Disposed	6630373	Indirect
2015-03-30	Common Stock	S	909128	—	Disposed	1677422	Indirect
2015-03-30	Common Stock	S	1294134	—	Disposed	2387790	Indirect
2015-03-30	Common Stock	S	3324860	—	Disposed	6134661	Indirect
2015-03-30	Common Stock	S	104173	—	Disposed	192208	Indirect
2015-03-30	Common Stock	S	524219	—	Disposed	967229	Indirect

Footnotes

F1: These shares were sold at a price of $23.08168 per share. This amount represents the $23.71 public offering price per share of common stock of La Quinta Holdings Inc. ("Common Stock"), less the underwriting discount of $0.62832 per share of Common Stock.

F2: These shares represent shares of Common Stock that are directly held by the Blackstone Funds (as defined below).

F3: These securities are directly held by BRE/LQJV-NQ L.L.C. ("BRE-NQ").

F4: These securities are directly held by BRE/ Prime Mezz 2 L.L.C. ("BRE Prime").

F5: These securities are directly held by Blackstone Real Estate Partners IV L.P. ("BREP IV").

F6: These securities are directly held by Blackstone Real Estate Partners IV.F L.P. ("BREP IV F").

F7: These securities are directly held by Blackstone Real Estate Partners IV.TE.2 L.P. ("BREP IV TE.2").

F8: These securities are directly held by Blackstone Real Estate Partners (DC) IV.TE.1 L.P. ("BREPDC IV TE.1").

F9: These securities are directly held by Blackstone Real Estate Partners (DC) IV.TE.2 L.P. ("BREPDC IV TE.2").

F10: These securities are directly held by Blackstone Real Estate Partners (DC) IV.TE.3-A L.P. ("BREPDC IV TE.3").

F11: These securities are directly held by Blackstone Real Estate Holdings IV L.P. ("BREH IV").

F12: These securities are directly held by Blackstone Real Estate Partners V L.P. ("BREP V").

F13: These securities are directly held by Blackstone Real Estate Partners V.F L.P. ("BREP V F").

F14: These securities are directly held by Blackstone Real Estate Partners V.TE.1 L.P. ("BREP V TE.1").

F15: These securities are directly held by Blackstone Real Estate Partners V.TE.2 L.P. ("BREP V TE.2").

F16: These securities are directly held by Blackstone Real Estate Partners (AIV) V L.P. ("BREP AIV V").

F17: These securities are directly held by Blackstone Real Estate Holdings V L.P. ("BREH V," and together with BRE-NQ, BRE Prime, BREP IV, BREP IV F, BREP IV TE.2, BREPDC IV TE.1, BREPDC IV TE.2, BREPDC IV TE.3, BREH IV, BREP V, BREP V F, BREP V TE.1, BREP V TE.2 and BREP AIV V, the "Blackstone Funds").

F18: The managing members of BRE-NQ are BREP IV and BREP V.

F19: The managing member of BRE Prime is BRE/Prime Mezz 3-A L.L.C. The managing member of BRE/Prime Mezz 3-A L.L.C. is BRE/Prime Holdings L.L.C. The managing member of BRE/Prime Holdings L.L.C. is WIH Hotels L.L.C. The managing member of WIH Hotels L.L.C. is BREP IV.

F20: The general partner of each of BREP IV, BREP IV F, BREP IV TE.2, BREPDC IV TE.1, BREPDC IV TE.2 and BREPDC IV TE.3 is Blackstone Real Estate Associates IV L.P. The general partner of Blackstone Real Estate Associates IV L.P. is BREA IV L.L.C.

F21: The general partner of each of BREP V, BREP V F, BREP V TE.1, BREP V TE.2 and BREP AIV V is Blackstone Real Estate Associates V L.P. The general partner of Blackstone Real Estate Associates V L.P. is BREA V L.L.C.

F22: The general partner of BREH V is BREP V Side-by-Side GP L.L.C. The general partner of BREH IV is BREP IV Side-by-Side GP L.L.C.

F23: The sole member of each of BREP IV Side-by-Side GP L.L.C. and BREP V Side-by-Side GP L.L.C. and managing member of each of BREA IV L.L.C. and BREA V L.L.C is Blackstone Holdings II L.P.

F24: The general partner of Blackstone Holdings II L.P. is Blackstone Holdings I/II GP Inc. The sole shareholder of Blackstone Holdings I/II GP Inc. is The Blackstone Group L.P. The general partner of The Blackstone Group L.P. is Blackstone Group Management L.L.C. Blackstone Group Management L.L.C. is wholly-owned by Blackstone's senior managing directors and controlled by its founder, Stephen A. Schwarzman.

F25: Information with respect to each of the Reporting Persons is given solely by such Reporting Person, and no Reporting Person has responsibility for the accuracy or completeness of information supplied by another Reporting Person. Due to the limitations of the Securities and Exchange Commission's EDGAR system, BRE-NQ, BRE Prime, BREP IV, BREP IV F, BREP IV TE.2, BREPDC IV TE.1, BREPDC IV TE.2, BREPDC IV TE.3, BREH IV, BREP V, BREP V F, BREP V TE.1, BREP V TE.2, BREP AIV V, Blackstone Real Estate Holdings V L.P., BRE/Prime Mezz 3-A L.L.C., BRE/Prime Holdings L.L.C., WIH Hotels L.L.C., Blackstone Real Estate Associates IV L.P. and Blackstone Real Estate Associates V L.P. have filed separate Forms 4.

F26: Each of the Reporting Persons (other than each of Blackstone Funds to the extent they directly hold securities reported herein), disclaims beneficial ownership of the securities held by each of the Blackstone Funds, except to the extent of such Reporting Person's pecuniary interest therein, and, pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, each of the Reporting Persons (other than each of the Blackstone Funds to the extent they directly hold securities reported herein) states that the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose.