X0306 4 2018-02-06 0 0001161154 Energy Transfer Partners, L.P. ETP 0001276196 DAVIS RAY C 5950 SHERRY LANE, SUITE 550 DALLAS TX 75225 1 0 0 0 Common Units 2018-02-06 4 A 0 2500 0.00 A 2500 D Common Units 85605 I By: RCD Stock Holdings, LLC Common Units 458595 I By: Avatar BW, Ltd. An initial award of restricted Common Units granted under the terms of the Energy Transfer Partners, L.P. 2008 Second Amended and Restated Long-Term Incentive Plan to new Directors upon their appointment to the Board. The restricted Common Units will vest 60% on the third anniversary of the award and 40% on the fifth anniversary of the award generally contingent upon the reporting person's continued service on the Board on each applicable vesting date. The reported units are owned directly by RCD Stock Holdings, LLC, a limited liability company owned by Mr. Davis. Mr. Davis disclaims beneficial ownership of the reported units except to the extent of his pecuniary interest therein. The reported units are owned directly by Avatar BW, Ltd., a limited partnership that Mr. Davis holds an indirect interest in. Mr. Davis disclaims beneficial ownership of the reported units except to the extent of his pecuniary interest therein, if any. Ray C. Davis 2018-02-08