EQUITY-BASED COMPENSATION (Tables)

3 Months Ended

Mar. 31, 2016

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 March 31, 2016 and of changes during the period January 1, 2016 through March 31, 2016 is 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, 2015		40,901,755		$	32.98		14,342,129		$	22.38		27,942		$	28.79
Granted		363,239			28.57		1,893,628			28.77		2,465			29.24
Vested		(4,089,498	)		22.46		(2,600,563	)		22.92		(529	)		28.14
Forfeited		(164,898	)		39.21		(271,587	)		20.04		—			—
Balance, March 31, 2016		37,010,598		$	34.07		13,363,607		$	23.23		29,878		$	28.84

Unvested Units, After Expected Forfeitures

The following unvested units, after expected forfeitures, as of March 31, 2016, are expected to vest:

	Units		Weighted-Average Service Period in Years
Blackstone Holdings Partnership Units		29,122,600		4.4
Deferred Restricted Blackstone Common Units		11,561,529		2.0
Total Equity-Based Awards		40,684,129		3.7
Phantom Units		22,284		3.5