X0306 4 2018-10-19 0 0001276187 Energy Transfer LP ET 0001276196 DAVIS RAY C 5950 SHERRY LANE, SUITE 550 DALLAS TX 75225 1 0 0 0 Common Units 2018-10-19 4 A 0 109575 A 1112069 I By: RCD Stock Holdings, LLC Common Units 2018-10-19 4 A 0 587001 A 1941721 I By: Avatar BW. Ltd. Common Units 26736558 D Common Units 328383 I By: ET Company, Ltd. Common Units 51701 I By: Avatar Holdings LLC Common Units 15987283 I By: Linda Davis 2008 Family Trust Common Units 121117 I By: Avatar Stock Holdings, LP Common Units 28203003 I By: Avatar ETC Stock Holdings, LLC Common Units 3557757 I By: Avatar Investments, LP Common Units 4768027 I By: Ray Davis 2008 Grandchildren's Trust Common Units 4768027 I By: Linda Davis 2008 Grandchildren's Trust Phantom Units Common Units 2500 2500 D Acquisition 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. The reported units are owned directly by RCD Stock Holdings, LLC, a limited liability company owned by Mr. Davis. The reported units are owned directly by Avatar BW, Ltd. a limited partnership, of which Mr. Davis is the owner of the general partner. The reported units are owned directly by ET Company, Ltd. The reported units represent the estimated pro rata interest of Mr. Davis in ET Company, Ltd. 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 the Linda Davis 2008 Family Trust for the benefit of Mr. Davis' family. Mr. Davis' spouse is trustee of the trust. Mr. Davis disclaims beneficial ownership of the reported units except to the extent of his pecuniary interest therein if any. The reported units are owned directly by Avatar Stock Holdings, LP, a limited partnership of which Mr. Davis is the owner of the general partner. The reported units are owned directly by Avatar ETC Stock Holdings LLC, a limited liability company owned by Mr. Davis. The reported units are owned directly by Avatar Investments, LP, a limited partnership, of which Mr. Davis is the owner of the general partner. The reported units are owned directly by the Ray Davis 2008 Grandchildren's Trust for the benefit of Mr. Davis' grandchildren. Mr. Davis is the trustee of the trust. Mr. Davis disclaims beneficial ownership of the reported units except to the extent of his pecuniary interest therein if any. The reported units are owned directly by the Linda Davis 2008 Grandchildren's Trust for the benefit of Mr. Davis' grandchildren. Mr. Davis' spouse is the trustee of the trust. Mr. Davis disclaims beneficial ownership of the reported units except to the extent of his pecuniary interest therein if any. An award of phantom units granted under the Amended and Restated Energy Transfer LP Long-Term Incentive Plan that will vest 60% on the third anniversary and 40% on the fifth anniversary of the award. Peggy J. Harrison, Attorney-in-fact for Mr. Davis 2018-10-23