Units Outstanding

9 Months Ended

Sep. 30, 2014

6.	Units Outstanding

Changes in Holding Units outstanding during the nine-month period ended September 30, 2014 are as follows:

Outstanding as of December 31, 2013	96,028,494
Options exercised	753,622
Units issued	566,277
Units retired	(188,215	)
Outstanding as of September 30, 2014	97,160,178

As discussed in Note 3, on July 1, 2013, management retired all unallocated Holding Units in AllianceBernstein’s consolidated rabbi trust, and, since that time, has continued to retire units as AllianceBernstein has purchased Holding Units on the open market or from employees to allow them to fulfill statutory tax withholding requirements at the time of distribution of long-term incentive compensation awards, if such units are not required to fund new employee awards in the near future.