Blackstone Inc. — Director's Dealing 2017

Jan 14, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Blackstone Group L.P. (BX)
CIK: 0001393818
Period of Report: 2017-01-13

Reporting Person: HILL J TOMILSON (Director, Vice Chairman)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-01-13	Common units representing limited partner interests	A	187065	$0.00	Acquired	1362928	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common units representing limited partner interests	991371	Indirect
Common units representing limited partner interests	707071	Indirect

Footnotes

F1: Granted under the 2007 Equity Incentive Plan, these deferred restricted common units will vest ratably over a three-year period, with 62,355 units vesting on January 13, 2018, 62,355 units vesting on January 13, 2019, and 62,355 units vesting on January 13, 2020, 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 LLC, of which the Reporting Person is a manager.

F3: The units are held by a trust LLC, of which the Reporting Person's spouse is the manager.