FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Solotar Joan 		2. Issuer Name and Ticker or Trading Symbol

Blackstone Group L.P. [ BX ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
SMD, MAI & External Relations
(Last)          (First)          (Middle)

C/O THE BLACKSTONE GROUP, 345 PARK AVENUE, 43RD FLOOR 		3. Date of Earliest Transaction (MM/DD/YYYY)

7/1/2016
(Street)

NEW YORK, NY 10154
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 		2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8) 		4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8) 		5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4) 		8. Price of Derivative Security
(Instr. 5) 		9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Blackstone Holdings partnership units   (1)   (1) 3/9/2016     G     V    81812      (1)   (1) Common units representing limited partner interests   81812   $0.00   255679   (2) D    
Blackstone Holdings partnership units   (1)   (1) 3/9/2016     G     V 40906         (1)   (1) Common units representing limited partner interests   40906   $0.00   40906   I   See Footnote   (3)
Blackstone Holdings partnership units   (1)   (1) 3/9/2016     G     V 40906         (1)   (1) Common units representing limited partner interests   40906   $0.00   40906   I   See Footnote   (3)
Blackstone Holdings partnership units   (1)   (1) 7/1/2016     A   (4)    39276         (1)   (1) Common units representing limited partner interests   39276   $0.00   294955   D    
Blackstone Holdings partnership units   (1)   (1)                    (1)   (1) Common units representing limited partner interests   150454     150454   (2) I   See Footnote   (5)

Explanation of Responses:
( 1)  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.
( 2)  Reflects a transfer by the Reporting Person of 150,454 Blackstone Holdings partnership units into a grantor retained annuity trust.
( 3)  Such Blackstone Holdings partnership units are held in trusts for the benefit of the Reporting Person's children, over which the Reporting Person has investment power.
( 4)  Granted under the 2007 Equity Incentive Plan, 20% of these deferred restricted Blackstone Holdings partnership units, or 7,855 units, will vest on July 1, 2019; an additional 30%, or 11,783 units, will vest on July 1, 2020; and the remaining 50%, or 19,638 units, will vest on July 1, 2021. As these deferred restricted Blackstone Holdings partnership units vest, the underlying Blackstone Holdings partnership units will be delivered to the Reporting Person, except that no more than 3/4 of the vested units will be delivered during the Reporting Person's service with Blackstone (with the remaining units to be delivered after the expiration of the Reporting Person's restrictive covenant period). Notwithstanding the foregoing, the units may be delivered earlier upon a change in control of Blackstone.
( 5)  Such Blackstone Holdings partnership units are held in a grantor retained annuity trust of which the Reporting Person is the investment trustee.

Remarks:
The Reporting Person disclaims beneficial ownership of the securities reported on this form except to the extent of her pecuniary interest.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Solotar Joan
C/O THE BLACKSTONE GROUP
345 PARK AVENUE, 43RD FLOOR
NEW YORK, NY 10154

SMD, MAI & External Relations

Signatures
Tabea Y. Hsi as Attorney-In-Fact 8/26/2016
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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