X0202 4 2005-06-30 0 0000922358 FERRELLGAS PARTNERS L P FGP 0001222835 FERRELL JAMES E 7500 COLLEGE BOULEVARD SUITE 1000 OVERLAND PARK KS 66210 1 1 0 0 CEO/Pres/Chairman Senior Unit 2005-06-30 2005-06-30 4 S 0 1994146.35 40 D 0 I see footnote Common Unit 2005-06-30 2005-06-30 4 P 0 3892849 20.83 A 4172025 I see footnote On June 30, 2005, the Reporting Person converted 1,994,146.35 Senior Units of Ferrellgas Partners, L.P., including accrued and unpaid distributions at a conversion price of $20.83 per Common Unit, resulting in his acquisition of 3,892,849 Common Units. The conversion price was based on the market price of the Common Units as calculated in accordance with the terms of the Fourth Amended and Restated Agreement of Limited Partnership of Ferrellgas Partners, L.P., as amended. These Senior Units were held by JEF Capital Management, Inc., which is a wholly owned subsidiary of James E. Ferrell Revocable Trust Two, of which the Reporting Person is the trustee and sole beneficiary. These Common Units were issued in the name of James E. Ferrell Revocable Trust Two, of which the Reporting Person is the trustee and sole beneficiary. James E. Ferrell 2005-07-01