X0101 4 2003-07-03 0 0000922358 FERRELLGAS PARTNERS L P FGP 0001222835 FERRELL JAMES E 1 1 0 0 CEO/Pres/Chairman Senior Unit 2003-07-03 2003-07-03 4 D 0 66957.93 40.6957 D 1994146.35 I See footnote Make-Whole Right 40.00 2003-07-03 2003-07-03 4 D 0 66957.93 40.6957 D 2005-12-31 2007-12-17 Senior Unit 66957.93 1994146.35 I See footnote Senior Units redeemed by Issuer pursuant to the Fourth Amended and Restated Agreement of Limited Partnership of Ferrellgas Partners, L.P. dated as of February 18, 2003. Owned of record by JEF Capital, which is a wholly owned subsidiary of James E. Ferrell Revocable Trust Two, of which the Reporting Person is the trustee and sole beneficiary. In the event that the Reporting Person sells any Senior Units before the expiration date, the Issuer shall make a cash payment to the Reporting Person equal to the amount by which $40.00 exceeds the price of each Senior Unit sold multiplied by the Number of Senior Units sold. These rights represent a continuation and amendment of the rights set forth in the Purchase Agreement, dated as of December 7, 1999, which was implemented prior to the acquisition of the Senior Units by JEF Capital. The Make-Whole Right becomes exercisable on the earlier of December 31, 2005 or the occurrence of a Material Event, as defined in the Fourth Amended and Restated Agreement of Limited Partnership of the Issuer. James E. Ferrell 2003-07-03