| 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, 2014 and of changes during the period
January 1, 2014 through September 30, 2014 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,
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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Granted
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4,395,112 |
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33.29 |
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2,071,243 |
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30.90 |
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461 |
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28.05 |
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Vested
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(17,547,906 |
) |
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29.76 |
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(3,449,305 |
) |
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18.64 |
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(72,646 |
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11.82 |
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Forfeited
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(324,557 |
) |
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19.63 |
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(517,227 |
) |
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13.73 |
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(570 |
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33.41 |
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Cancelled
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(1,068,250 |
) |
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31.00 |
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— |
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— |
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— |
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— |
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Balance,
September 30, 2014
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33,512,215 |
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$ |
25.81 |
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18,108,850 |
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$ |
16.80 |
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74,414 |
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$ |
12.27 |
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| Unvested Units, After Expected Forfeitures |
The following
unvested units, after expected forfeitures, as of
September 30, 2014, 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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31,290,689 |
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1.7 |
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Deferred Restricted
Blackstone Common Units
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15,465,322 |
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1.9 |
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Total Equity-Based
Awards
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46,756,011 |
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1.8 |
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Phantom Units
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76,412 |
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0.04 |
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