Blackstone Inc.

Q1 2014 13F Holdings Report, Options Holdings

Signature - Title
Tabea Hsi - Senior Managing Director
Location
New York, NY
Options holdings as of
March 31, 2014
Notional value $
$452M
Number of holdings
6
Date filed
5/15/2014, 02:32 PM
Description
All US holdings of this investor are reported in this report.
Previous filing
Q4 2013 - Feb 14, 2014
Stock holdings
Showing options holdings, see here for stock holdings
Sym Company Class Option Share Change Activity * Price $ Shares Notional Value
Filing 2014 Q1 compared to 2013 Q4 by default.
* Reported Price is the price of the security as of the portfolio date. This value is significant in that it is the last known price at which the security was still held.
An asterisk sign (*) next to the price indicates that the price is likely invalid.

Person Signing this Report on Behalf of Reporting Manager:

Name Title City, State Date
John G. Finley Authorized Person New York, New York 5/15/2014

The following information corresponds to the securities indicated in the attached Information Table: (A) Represents shares of FREESCALE SEMICONDUCTOR LTD held by Freescale LP. Certain funds affiliated with The Blackstone Group L.P. hold 3,395,055 Class A limited partnership interests in Freescale LP, representing 48.02% of the total Class A limited partnership interests outstanding. Certain funds affiliated with The Blackstone Group L.P. also hold 250 shares of Freescale Holdings G.P., Ltd., the general partner of Freescale LP, representing 25% of the total shares outstanding. Represents voting authority of Freescale LP over an aggregate of 196,136,895 shares. (B) Includes 2,299,722 shares of KOSMOS ENERGY LTD that are not under the investment discretion of The Blackstone Group L.P. but are under the investment discretion of Blackstone Family GP L.L.C., of which Mr. Stephen A. Schwarzman is a controlling person. Represents voting authority over an aggregate of 112,100,012 shares. (C) Represents the proprotionate interest in 95,224,724 shares of NIELSEN HOLDINGS N V held by Valcon Acquisition Holding (Luxembourg) S.a.r.l. ("Luxco") attributable to ownership interests in Luxco of certain funds affiliated with The Blackstone Group L.P., including 748,843 shares that are not under the investment discretion of The Blackstone Group L.P. but instead are under the investment discretion of Blackstone Family GP L.L.C., of which Mr. Stephen A. Schwarzman is a controlling person. (D) The shares of ORBITZ WORLDWIDE INC reported herein are not under the investment discretion of The Blackstone Group L.P. but are under the investment discretion of Blackstone LR Associates (Cayman) V Ltd., of which Mr. Stephen A. Schwarzman is a controlling person. Includes 144,873 shares held by Blackstone Management Partners L.L.C. (E) Represents Series A Units of PBF Energy Company LLC exchangeable at any time for shares of Class A common stock of PBF ENERGY INC on a one-for-one basis, subject to equitable adjustments for stock splits, stock dividends and reclassifications. (F) Includes two series of PENNEY J C INC put options. (G) Reflects the last reported closing price of SEARS HLDGS CORP shares on March 31, 2014. Includes two series of SEARS HLDGS CORP call options. (H) Includes two series of YPF SOCIEDAD ANONIMA call options.

Other Included Managers (1):

Num Name Location File Number
1 Blackstone Alternative Credit Advisors LP New York, NY 028-12332