Energy Transfer LP — Director's Dealing 2010

May 27, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Energy Transfer Partners, L.P. (ETP)
CIK: 0001012569
Period of Report: 2010-05-26

Reporting Person: Energy Transfer Equity, L.P. (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-05-26	Common Units	J	12273830	—	Disposed	50226967	Direct

Footnotes

F1: On May 26, 2010, Energy Transfer Equity, L.P. ("ETE") surrendered for redemption 12,273,830 common units of Energy Transfer Partners, L.P. ("ETP") in exchange for the interests in an entity that owns a 49.9% interest in Midcontinent Express Pipeline, LLC ("MEP") and the option to acquire the equity interests in the entity that owns the remaining 0.1% interest in MEP after 12 months and one day following the closing of the initial transfer of the MEP interest. The estmated market value of the 49.9% interest in MEP (and the option) is $600 million.