Blackstone Inc. — Director's Dealing 2015

Jan 21, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Blackstone Group L.P. (BX)
CIK: 0001393818
Period of Report: 2015-01-16

Reporting Person: JAMES HAMILTON E (Director, President and COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-12-11	Common units representing limited partner interests	G	1500000	—	Disposed	0	Indirect
2015-01-16	Common units representing limited partner interests	A	20176	—	Acquired	20176	Direct

Footnotes

F1: The Reporting Person donated 1,500,000 common units of The Blackstone Group, L.P. to a charitable foundation.

F2: These units were held in a limited liability company beneficially owned by the Reporting Person, his spouse and a trust for the benefit of the Reporting Person's children.

F3: Granted under the 2007 Equity Incentive Plan, these deferred restricted common units will vest ratably over a three-year period, with 6,726 units vesting on January 16, 2016, 6,725 units vesting on January 16, 2017, and 6,725 units vesting on January 16, 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.