GENESIS ENERGY LP — Director's Dealing 2012

Mar 12, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GENESIS ENERGY LP (GEL)
CIK: 0001022321
Period of Report: 2012-03-09

Reporting Person: PAPE KAREN N (SVP & Controller)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-03-09	Stock Appreciation Rights (Payable in cash)	$31.26	M	11000	Disposed	2013-12-31	Class A Common Units (11000)	Direct

Footnotes

F1: Exercise price represents the average of the closing market price of Class A Common Units for the ten days preceding the date of exercise.

F2: The SARs vested annually in four equal tranches beginning 12/31/04.

F3: Strike price for SARs exercised was $9.26 per right. Therefore reporting person received cash for the difference between the exercise price of $31.26 and the strike price of $9.26.