| 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, 2015 and of changes during the period
January 1, 2015 through September 30, 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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28,207,130 |
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38.76 |
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5,171,322 |
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35.74 |
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16,312 |
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35.31 |
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Vested
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(19,681,411 |
) |
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29.62 |
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(7,536,719 |
) |
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17.93 |
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(815 |
) |
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32.62 |
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Forfeited
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(934,536 |
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23.49 |
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(228,735 |
) |
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21.01 |
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— |
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— |
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Exchanged
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— |
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— |
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(10,374 |
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28.23 |
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10,374 |
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28.23 |
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Balance, September 30,
2015
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41,089,420 |
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$ |
33.24 |
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14,964,866 |
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$ |
22.88 |
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27,326 |
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$ |
32.53 |
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| Unvested Units, After Expected Forfeitures |
The following
unvested units, after expected forfeitures, as of
September 30, 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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33,291,174 |
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4.6 |
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Deferred Restricted
Blackstone Common Units
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12,633,401 |
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2.1 |
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Total Equity-Based
Awards
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45,924,575 |
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3.9 |
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Phantom Units
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18,457 |
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4.0 |
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