Energy Transfer LP — Director's Dealing 2010

Feb 16, 2010

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: Energy Transfer Equity, L.P. (ETE)
CIK: 0001276187
Period of Report: 2009-12-31

Reporting Person: DAVIS RAY C (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-08-27	Common Units	J	1500000	—	Disposed	16464587	Indirect
2009-08-27	Common Units	J	1379528	—	Acquired	1575345	Direct
2009-08-27	Common Units	J	60236	—	Acquired	60236	Indirect
2009-08-27	Common Units	J	60236	—	Acquired	60236	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Units	742254	Indirect
Common Units	50	Indirect

Footnotes

F1: The reported Common Units are owned directly by ETC Holdings, L.P.("ETC"). The Common Units reported represent the estimated pro rata interest of Mr. Davis' in ETC, including his interest in other partners of ETC. ET GP LLC ("ETGP") may be deemed to beneficially own the units owned of record by ETC by virtue of ETGP being the sole general partner of ETC. Mr. Davis is a member of such entitiy and may also be deemed to share power to vote or to direct the vote and to dispose or to direct the disposition of the Common Units held by ETC.

F2: The reported Common Units are owned directly by Ray Davis GRAT, a grantor retained annuity trust established by Mr. Davis. Mr. Davis disclaims beneficial ownership of the reported Common Units except to the extent of his pecuniary interest therein.

F3: The reported Common Units are owned directly by Linda Davis GRAT, a grantor retained annuity trust established by the spouse of Mr. Davis. Mr. Davis disclaims beneficial ownership of the reported Common Units except to the extent of his pecuniary interest therein.

F4: The reported Common Units are owned directly by Avatar Holdings, LLC, a limited partnership owned by Mr. Davis. Mr. Davis disclaims beneficial ownership of the reported Common Units except to the extent of his pecuniary interest therein.

F5: The reported Common Units are owned directly by Avatar Holdings, LLC, a limited partnership owned by Mr. Davis. Mr. Davis disclaims beneficial ownership of the reported Common Units except to the extent of his pecuniary interest therein.

F6: Reflects a prorata distribution of 1,500,000 units by ETC to the Ray Davis GRAT and the Linda Davis GRAT, a portion of which were in turn distributed on 9/15/09 by these trusts to Mr. Davis, all without change in beneficial ownership.