Carlyle Group Inc. — Director's Dealing 2016

Feb 3, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Carlyle Group L.P. (CG)
CIK: 0001527166
Period of Report: 2016-02-01

Reporting Person: Buser Curtis L. (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-02-01	Common Units	A	80043	$0.00	Acquired	193378	Direct
2016-02-01	Common Units	A	11211	$0.00	Acquired	204589	Direct
2016-02-01	Common Units	S	2470	$13.38	Disposed	202119	Direct

Footnotes

F1: These securities are deferred restricted common unit awards. These securities will vest 40% on August 1, 2017, an additional 30% on August 1, 2018 and the remaining 30% on August 1, 2019, subject to the reporting person's continued service at the company on the applicable vesting date.

F2: These securities are deferred restricted common unit awards. These securities will vest 100% on August 1, 2017, subject to the reporting person's continued service at the company on the vesting date.

F3: These common units were sold on behalf of the reporting person to cover tax withholding obligations in connection with the vesting of deferred restricted common units, the grant of which was previously reported.

F4: The price reported in column 4 is a weighted average price. These common units were sold in multiple transactions at prices ranging from $13.34 to $13.45, inclusive. The reporting person undertakes to provide to The Carlyle Group L.P., any security holder of The Carlyle Group L.P. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of common units purchased at each separate price within the range set forth in this footnote.