| 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 December 31, 2013 and of changes during the period
January 1, 2013 through December 31, 2013 is presented
below:
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Blackstone
Holdings |
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The Blackstone Group
L.P. |
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Partnership
Units |
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Weighted-
Average
Grant Date
Fair Value |
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Equity Settled
Awards |
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Cash Settled
Awards |
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Unvested
Units
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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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7,245,002 |
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22.56 |
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7,687 |
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22.85 |
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Vested
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(21,385,204 |
) |
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29.91 |
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(6,458,664 |
) |
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23.77 |
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(78,318 |
) |
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20.82 |
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Forfeited
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(1,794,007 |
) |
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29.69 |
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(981,581 |
) |
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17.27 |
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(3,556 |
) |
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23.70 |
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Balance, December 31,
2013
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48,057,816 |
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$ |
26.64 |
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20,004,139 |
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$ |
15.57 |
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147,169 |
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$ |
12.00 |
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| Unvested Units, After Expected Forfeitures |
The following
unvested units, after expected forfeitures, as of December 31,
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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44,277,748 |
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1.90 |
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Deferred Restricted
Blackstone Common Units and Options
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16,515,381 |
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2.30 |
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Total Equity-Based
Awards
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60,793,129 |
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2.00 |
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Phantom Units
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146,520 |
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0.03 |
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