X0306 4 2016-01-20 0 0001523404 JP Energy Partners LP JPEP 0001313548 Barley Jason Patrick 600 EAST LAS COLINAS BOULEVARD SUITE 2000 IRVING TX 75039 1 1 0 0 SEE REMARKS COMMON UNITS (LIMITED PARTNER INTERESTS) 2016-01-20 4 S 0 7000 3.00 D 20163 I BY LLC COMMON UNITS (LIMITED PARTNER INTERESTS) 2016-01-21 4 S 0 2500 3.28 D 17663 I BY LLC PHANTOM UNITS (WITH DERs) COMMON UNITS 25000 25000 D SUBORDINATED UNITS (LIMITED PARTNER INTERESTS) COMMON UNITS 125122 125122 I By LLC The units reported on this line are held for the benefit of the Reporting Person's children by JP Energy Holdings, LLC, which is owned by the Barley 2011 Family Trust. The price reported in Column 4 is a weighted average price. These units were sold in multiple transactions at prices ranging from $3.22 to $3.50, inclusive. The Reporting Person undertakes to provide to JP Energy Partners LP, any security holder of JP Energy Partners LP, or the Staff of the Securities and Exchange Commission, upon request, full information regarding the number of units sold at each separate price within the ranges set forth in footnote (2) to this Form 4. Each phantom unit is the economic equivalent of one common unit and is accompanied by a distribution equivalent right, entitling the holder to an amount equal to any cash distributions paid on each of the Partnership's common units. The phantom units vest in three equal annual installments commencing on each of the first, second and third anniversaries of the grant date. The phantom units do not expire. The phantom units are settled upon vesting in common units (on a one-for-one basis) or in cash, at the discretion of the Issuer. Each subordinated unit will convert into one common unit at the end of the subordination period, as described in Registration Statement. The Reporting Person is the President, Chief Executive Officer and Chairman of the Board of JP Energy GP II LLC, the general partner of the Issuer (the "General Partner"). The Issuer is managed by the directors and executive officers of the General Partner. /s/ Patrick J. Welch, Attorney-in-Fact for Jason Patrick Barley 2016-01-22