| 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 September 30, 2013 and a summary of changes during the
period January 1, 2013 through September 30, 2013 are
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,
2012
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66,591,089 |
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$ |
28.19 |
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20,199,382 |
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$ |
15.76 |
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221,356 |
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$ |
14.89 |
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Granted
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4,645,938 |
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20.65 |
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4,057,293 |
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17.44 |
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5,384 |
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20.63 |
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Vested
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(20,206,544 |
) |
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29.87 |
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(3,150,007 |
) |
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19.28 |
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(76,015 |
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20.60 |
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Forfeited
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(1,038,930 |
) |
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29.92 |
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(820,298 |
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17.36 |
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— |
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— |
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Balance, September 30,
2013
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49,991,553 |
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$ |
26.78 |
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20,286,370 |
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$ |
15.49 |
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150,725 |
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$ |
23.70 |
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| Unvested Units, After Expected Forfeitures |
The following
unvested units, after expected forfeitures, as of
September 30, 2013, 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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46,743,135 |
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2.1 |
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Deferred Restricted
Blackstone Common Units and Options
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16,398,203 |
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2.5 |
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Total Equity-Based
Awards
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63,141,338 |
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2.2 |
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Phantom Units
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142,313 |
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1.7 |
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