| Summary of Status of Partnership's Unvested Equity-Based Awards |
A summary of
the status of the Partnership’s unvested equity-based awards
as of June 30, 2012 and a summary of changes during the period
January 1, 2012 through June 30, 2012 is presented
below:
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Blackstone
Holdings |
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The Blackstone Group
L.P. |
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Equity Settled
Awards |
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Cash Settled
Awards |
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Unvested
Units
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Partnership
Units |
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Weighted-
Average
Grant Date
Fair
Value |
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Deferred
Restricted
Common
Units
and
Options |
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Weighted-
Average
Grant Date
Fair
Value |
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Phantom
Units |
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Weighted-
Average
Grant Date
Fair
Value |
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Balance, December 31,
2011
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89,644,650 |
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$ |
29.88 |
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17,635,945 |
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$ |
18.50 |
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218,583 |
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$ |
13.88 |
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Granted
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1,612,611 |
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14.04 |
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1,550,478 |
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13.25 |
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6,736 |
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12.82 |
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Vested
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(23,409,788 |
) |
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30.36 |
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(4,598,271 |
) |
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19.94 |
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(3,963 |
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13.33 |
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Forfeited
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(2,063,277 |
) |
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30.58 |
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(619,522 |
) |
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19.79 |
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— |
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— |
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Balance, June 30,
2012
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65,784,196 |
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$ |
29.30 |
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13,968,630 |
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$ |
17.20 |
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221,356 |
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$ |
12.22 |
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| Unvested Units, After Expected Forfeitures |
The following
unvested units, after expected forfeitures, as of June 30,
2012, are expected to vest:
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Units |
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Weighted-Average
Service
Period
in
Years |
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Blackstone Holdings
Partnership Units
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61,474,866 |
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2.9 |
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Deferred Restricted
Blackstone Common Units and Options
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11,895,121 |
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2.6 |
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Total Equity-Based
Awards
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73,369,987 |
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2.8 |
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Phantom Units
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206,333 |
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2.9 |
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