X0306 4 2016-11-08 0 0001393818 Blackstone Group L.P. BX 0001500278 Finley John G C/O THE BLACKSTONE GROUP L.P. 345 PARK AVENUE NEW YORK NY 10154 0 1 0 0 Chief Legal Officer Common units representing limited partner interests 2016-11-08 4 C 0 30000 0.00 A 100745 D Common units representing limited partner interests 2016-12-19 4 S 0 10000 29.00 D 90745 D Common units representing limited partner interests 50000 I See footnote Blackstone Holdings partnership units 2016-11-08 4 C 0 30000 D Common units representing limited partner interests 30000 615535 D Pursuant to an exchange agreement, the Reporting Person exchanged 30,000 Blackstone Holdings partnership units for an equal number of common units of The Blackstone Group L.P. The price reported in Column 4 is a weighted average price. These units were sold in multiple transactions at prices ranging from $29.00 to $29.01, inclusive. The Reporting Person undertakes to provide, upon request by the Securities and Exchange Commission staff, the issuer or a security holder of the issuer, full information regarding the number of units sold at each separate price for all transactions reported on this Form 4. These units are held by a limited liability company, of which the Reporting Person is the manager. A "Blackstone Holdings partnership" unit collectively refers to one limited partner interest in each of Blackstone Holdings I L.P., Blackstone Holdings II L.P., Blackstone Holdings III L.P., Blackstone Holdings IV L.P. and Blackstone Holdings AI L.P. Subject to the minimum retained ownership requirements and transfer restrictions set forth in the partnership agreements of the Blackstone partnerships, the holder has the right, exercisable from time to time, to exchange each Blackstone Holdings partnership unit for one common unit of The Blackstone Group L.P. The Blackstone Holdings partnership units have no expiration date and may not be exchanged at any time prior to December 31, 2016 other than pursuant to transactions or programs approved by Blackstone. The Reporting Person disclaims beneficial ownership of the securities reported on this form except to the extent of his pecuniary interest. Tabea Y. Hsi as Attorney-In-Fact 2016-12-21