| 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 March 31, 2015 and of changes during the period
January 1, 2015 through March 31, 2015 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,
2014
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33,498,237 |
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$ |
26.19 |
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17,569,372 |
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$ |
16.95 |
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1,455 |
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$ |
31.95 |
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Granted
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19,874,298 |
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37.86 |
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3,661,263 |
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33.69 |
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998 |
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33.83 |
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Vested
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(1,697,202 |
) |
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27.17 |
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(3,656,555 |
) |
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14.01 |
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(815 |
) |
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32.62 |
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Forfeited
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43,916 |
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25.17 |
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(77,371 |
) |
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12.62 |
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— |
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— |
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Balance, March 31,
2015
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51,719,249 |
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$ |
30.64 |
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17,496,709 |
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$ |
21.09 |
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1,638 |
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$ |
32.76 |
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| Unvested Units, After Expected Forfeitures |
The following
unvested units, after expected forfeitures, as of March 31,
2015, 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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44,918,574 |
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3.2 |
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Deferred Restricted
Blackstone Common Units
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14,948,369 |
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2.2 |
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Total Equity-Based
Awards
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59,866,943 |
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2.9 |
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Phantom Units
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1,289 |
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2.5 |
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