Energy Transfer LP — Director's Dealing 2018

Oct 23, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Energy Transfer LP (ET)
CIK: 0001276187
Period of Report: 2018-10-19

Reporting Person: Long Thomas E (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-10-19	Common Units	A	223523	—	Acquired	223523	Direct
2018-10-19	Common Units	A	115200	$0.00	Acquired	338723	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Phantom Units	$		Common Units (121074)	121074	Direct

Footnotes

F1: Acquisition in connection with the merger of a wholly owned subsidiary of Energy Transfer Equity, L.P. ("ETE") with Energy Transfer Partners, L.P. ("ETP"), with ETP continuing as the surviving entity and becoming a wholly owned subsidiary of ETE (the "Merger"). On October 18, 2018, the last trading day for the ETP common units, the closing price of ETP's common units was $21.47 per unit and the closing price of ETE's common units was $16.82 per unit. Each ETP common unit outstanding was converted into the right to receive 1.28 ETE common units.

F2: 144,331 of the reported units represents restricted unit awards granted under one of the Energy Transfer LP Long-Term Incentive Plans that vest 60% after three years and 40% after five years.

F3: An award of restricted units granted under the Second Amended and Restated Energy Transfer LP 2008 Long-Term Incentive Plan scheduled to vest 60% on December 5, 2021 and the remaining 40% on December 5, 2023.

F4: An award of phantom units granted under the Amended and Restated Energy Transfer Equity, L.P. Long-Term Incentive Plan scheduled to vest 60% on December 5, 2020 and 40% on December 5, 2022 that may vest in Partnership units, cash or other securities and is generally contingent upon the reporting person's continued employment with the Partnership or one of its affiliates on each applicable vesting date.