KKR & Co. Inc. — Director's Dealing 2011

Oct 4, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KKR & Co. L.P. (KKR)
CIK: 0001404912
Period of Report: 2011-09-01

Reporting Person: RUSSO PATRICIA F (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-10-01	Common Units	M	3000	—	Acquired	3000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-09-01	Restricted Equity Units	$	A	3000	Acquired		Common Units (3000)	Direct
2011-10-01	Restricted Equity Units	$	M	3000	Disposed		Common Units (3000)	Direct
2011-10-03	Restricted Equity Units	$	A	10000	Acquired		Common Units (10000)	Direct

Footnotes

F1: These restricted equity units of KKR & Co. L.P. (which were granted to the Reporting Person on September 1, 2011 under the KKR & Co. L.P. 2010 Equity Incentive Plan) vested on October 1, 2011 and were settled in accordance with their terms for common units of KKR & Co. L.P. on a one-for-one basis.

F2: These restricted equity units of KKR & Co. L.P. were granted under the KKR & Co. L.P. 2010 Equity Incentive Plan and will vest on October 1, 2012 so long as the Reporting Person continues to serve as a director of the general partner of KKR & Co. L.P. or, if earlier, upon the Reporting Person's death or permanent disability or a change in control. KKR & Co. L.P. will deliver to the Reporting Person one common unit of KKR & Co. L.P. for each vested restricted equity unit.