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: Tosi Laurence A (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-01-16	Common units representing limited partner interests	A	49925	—	Acquired	49925	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common units representing limited partner interests	300000	Indirect

Footnotes

F1: Granted under the 2007 Equity Incentive Plan, these deferred restricted common units will vest ratably over a three-year period, with 16,642 units vesting on January 16, 2016, 16,641 units vesting on January 16, 2017, and 16,642 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.

F2: These units are held by a personal limited liability company of which the Reporting Person is a manager.