EQUITY-BASED COMPENSATION (Tables)

9 Months Ended

Sep. 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 September 30, 2013 and a summary of changes during the period January 1, 2013 through September 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		4,645,938			20.65		4,057,293			17.44		5,384			20.63
Vested		(20,206,544	)		29.87		(3,150,007	)		19.28		(76,015	)		20.60
Forfeited		(1,038,930	)		29.92		(820,298	)		17.36		—			—
Balance, September 30, 2013		49,991,553		$	26.78		20,286,370		$	15.49		150,725		$	23.70

Unvested Units, After Expected Forfeitures

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

	Units		Weighted-Average Service Period in Years
Blackstone Holdings Partnership Units		46,743,135		2.1
Deferred Restricted Blackstone Common Units and Options		16,398,203		2.5
Total Equity-Based Awards		63,141,338		2.2
Phantom Units		142,313		1.7