EQUITY-BASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 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 December 31, 2013 and of changes during the period January 1, 2013 through December 31, 2013 is presented below:

	Blackstone Holdings					The Blackstone Group L.P.
	Partnership Units			Weighted- Average Grant Date Fair Value		Equity Settled Awards					Cash Settled Awards
Unvested Units						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		7,245,002			22.56		7,687			22.85
Vested		(21,385,204	)		29.91		(6,458,664	)		23.77		(78,318	)		20.82
Forfeited		(1,794,007	)		29.69		(981,581	)		17.27		(3,556	)		23.70
Balance, December 31, 2013		48,057,816		$	26.64		20,004,139		$	15.57		147,169		$	12.00

Unvested Units, After Expected Forfeitures

The following unvested units, after expected forfeitures, as of December 31, 2013, are expected to vest:

	Units		Weighted-Average Service Period in Years
Blackstone Holdings Partnership Units		44,277,748		1.90
Deferred Restricted Blackstone Common Units and Options		16,515,381		2.30
Total Equity-Based Awards		60,793,129		2.00
Phantom Units		146,520		0.03