Carlyle Group Inc. — Director's Dealing 2014

Mar 10, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Carlyle Group L.P. (CG)
CIK: 0001527166
Period of Report: 2014-03-10

Reporting Person: D'Aniello Daniel A. (Director, Founder and Chairman)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-03-10	Carlyle Holdings partnership units	$	D	1500000	Disposed		Common Units Representing limited partnership interests (1500000)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Carlyle Holdings partnership units	$		Common Units Representing limited partnership interests (285714)	285714	Indirect

Footnotes

F1: Pursuant to the terms of the exchange agreement and subject to certain requirements and restrictions, the partnership units of Carlyle Holdings are exchangeable for common units of The Carlyle Group L.P. on a one-for-one basis.

F2: The reporting person sold to the issuer the number of Carlyle Holdings partnership units set forth above at a price per Carlyle Holdings partnership unit of $32.629, which represents the $33.50 offering price at which the issuer's common units were offered in the issuer's public offering less the underwriting discount of $0.871 per unit.

F3: Such Carlyle Holdings partnership units are held in a trust for the benefit of the reporting person's family. The reporting person is the special purpose trustee of the trust and has sole investment power over the units.