X0306 4 2015-05-08 0 0001136352 Crestwood Equity Partners LP CEQP 0001303621 Moxley Joel D 700 LOUISIANA STREET SUITE 2550 HOUSTON TX 77002 0 1 0 0 SVP - Operations Services Common Units 40013 D Phantom Units 2015-05-08 4 A 0 1251.0381 0.00 A Common Units 1251.0381 48563.0239 D Includes restricted units granted under the Crestwood Equity Partners LP Long Term Incentive Plan, as amended. Each phantom unit is the economic equivalent of one common unit representing a limited partnership interest in CEQP. Represents additional Phantom Units received by the Reporting Person pursuant to the terms of previously granted Distribution Equivalent Rights. Each Distribution Equivalent Right entitles the Reporting Person to additional Phantom Units with a value equal to the amount of distributions paid on each of CEQP's common units. On May 15, 2015, CEQP will pay a quarterly cash distribution to holders of its common units in an amount equal to $0.1375 per common unit. Pursuant to the terms of the Distribution Equivalent Rights, the Reporting Person receives a number of additional Phantom Units in respect of each Distribution Equivalent Right with a value (based on the closing price of CEQP's common units on the record date ($5.20) equal to the per unit amount of the distribution. The forfeiture restrictions on the phantom units shall lapse, and the phantom units shall vest and convert to an equal number of common units on the third (3rd) anniversary of the grant date. /s/ Judy Riddle, attorney-in-fact for Joel D. Moxley 2015-05-12