EQUITY-BASED COMPENSATION (Tables)

3 Months Ended

Mar. 31, 2018

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, 2018 and of changes during the period January 1, 2018 through March 31, 2018 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, 2017		30,023,189		$	35.26		9,019,974		$	30.03		44,196		$	31.85
Granted		1,976,399			32.02		3,248,577			32.52		117			33.43
Vested		(2,091,413	)		36.64		(3,240,593	)		30.51		(151	)		32.99
Forfeited		—			—		(59,235	)		30.20		—			—
Balance, March 31, 2018		29,908,175		$	34.95		8,968,723		$	30.74		44,162		$	33.16

Unvested Units, After Expected Forfeitures

The following unvested units, after expected forfeitures, as of March 31, 2018, are expected to vest:

	Units		Weighted-Average Service Period in Years
Blackstone Holdings Partnership Units		26,046,981		3.7
Deferred Restricted Blackstone Common Units		7,729,930		2.3
Total Equity-Based Awards		33,776,911		3.4
Phantom Units		36,235		2.7