Blackstone Inc. — Director's Dealing 2015

Apr 30, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Blackstone Group L.P. (BX)
CIK: 0001393818
Period of Report: 2015-04-28

Reporting Person: Solotar Joan (SMD, External Relations)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-04-28	Common units representing limited partner interests	C	7778	$0.00	Acquired	37670	Direct
2015-04-28	Common units representing limited partner interests	G	7778	$0.00	Disposed	29892	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-04-28	Blackstone Holdings partnership units	$	C	7778	Disposed		Common units representing limited partner interests (7778)	Direct

Footnotes

F1: Pursuant to an exchange agreement, the Reporting Person exchanged 7,778 Blackstone Holdings partnership units for an equal number of common units of The Blackstone Group L.P.

F2: The Reporting Person donated a total of 7,778 Blackstone common units to two charitable organizations.

F3: 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, 2015 other than pursuant to transactions or programs approved by Blackstone.