EQUITY-BASED COMPENSATION (Tables)

6 Months Ended

Jun. 30, 2013

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, 2013 and a summary of changes during the period January 1, 2013 through June 30, 2013 are presented below:

	Blackstone Holdings					The Blackstone Group L.P.
						Equity Settled Awards					Cash Settled Awards
Unvested Units	Partnership Units			Weighted- Average Grant Date Fair Value		Deferred Restricted Common Units and Options			Weighted- Average Grant Date Fair Value		Phantom Units			Weighted- Average Grant Date Fair Value
Balance, December 31, 2012		66,591,089		$	28.19		20,199,382		$	15.76		221,356		$	14.89
Granted		1,112,255			17.74		1,843,134			13.53		5,384			20.63
Vested		(18,093,540	)		30.16		(2,723,936	)		19.98		(76,015	)		20.60
Forfeited		(1,038,930	)		29.92		(584,914	)		16.16		—			—
Balance, June 30, 2013		48,570,874		$	27.18		18,733,666		$	14.92		150,725		$	20.74

Unvested Units, After Expected Forfeitures

The following unvested units, after expected forfeitures, as of June 30, 2013, are expected to vest:

	Units		Weighted-Average Service Period in Years
Blackstone Holdings Partnership Units		45,299,604		2.1
Deferred Restricted Blackstone Common Units and Options		15,229,823		2.6
Total Equity-Based Awards		60,529,427		2.3
Phantom Units		140,735		2.0