Energy Transfer LP — Director's Dealing 2019

May 24, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Energy Transfer LP (ET)
CIK: 0001276187
Period of Report: 2019-05-20

Reporting Person: WARREN KELCY L (Director, CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-05-20	Common Units	J	410777	$14.85	Acquired	41036931	Direct
2019-05-20	Common Units	J	1335026	$14.85	Acquired	99428988	Indirect
2019-05-20	Common Units	J	1293948	$14.85	Acquired	92879434	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Units	10224429	Indirect
Common Units	328383	Indirect
Common Units	104166	Indirect
Common Units	601076	Indirect

Footnotes

F1: These units were acquired under the Energy Transfer LP Distribution Reinvestment Plan.

F2: The unit price reported in Column 4 is the purchase price calculation used for the reinvested distributions and is the volume-weighted average closing price of common units on the New York Stock Exchange for the five trading day period immediately preceding the investment date.

F3: The reported units are owned directly by Kelcy Warren Partners, LP, a limited partnership owned by Mr. Warren. Mr. Warren disclaims beneficial ownership of the reported units except to the extent of his pecuniary interest therein.

F4: The reported units are owned directly by Seven Bridges Holdings LLC a limited liability company owned by Mr. Warren. Mr. Warren disclaims beneficial ownership of the reported units except to the extent of his pecuniary interest therein.

F5: The reported units are owned directly by Kelcy Warren Partners II, LP, a limited partnership owned by Mr. Warren. Mr. Warren disclaims beneficial ownership of the reported units except to the extent of his pecuniary interest therein.

F6: The reported units are owned directly by ET Company Ltd. The reported units represent the estimated pro rata interest of Mr. Warren in ET Company Ltd., including through his interest therein held through Three Dawaco, Inc. Mr. Warren disclaims beneficial ownership of the reported units except to the extent of his pecuniary interest therein.

F7: The reported units are owned directly by LE GP, LLC. Mr. Warren disclaims beneficial ownership of the reported units except to the extent of his pecuniary interest therein.