X0306 4 2018-10-19 1 0001161154 Energy Transfer Operating, L.P. ETP 0001349124 Grimm Michael K P.O. BOX 8813 HORSESHOE BAY TX 78657 1 0 0 0 Common Units 2018-10-19 4 D 0 77074 D 0 D Common Units 2018-10-19 4 D 0 2300 D 0 I By: Daughter Common Units 2018-10-19 4 D 0 2300 D 0 I By: Son Disposition 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. As part of the Merger, ETE changed its name to "Energy Transfer LP" and its common units began trading on the New York Stock Exchange ("NYSE") under the "ET" ticker symbol when the market opened on Friday, October 19, 2018. These units are held by the daughter of the reporting person in the Lara Kristen Grimm Trust of which the reporting person is the trustee. The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose. These units are held by the son of the reporting person in the Tyler Jason Grimm Trust of which the reporting person is the trustee. The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose. Peggy J. Harrison, Attorney-in-fact for Mr. Grimm 2018-10-23