X0304 4 2012-02-15 0 0001338065 DCP Midstream Partners, LP DPM 0001237206 BORER MARK A 370 17TH STREET, STE. 2775 DENVER, CO 1 1 0 0 CEO and President Phantom Common Units 2012-02-15 4 A 0 2800 47.886 A Common Units 2800 16900 D Each phantom unit is the economic equivalent of one unit of DCP common units. Under the Company's Long Term Incentive Plan, the phantom units reported on this Form 4 vest on 12/31/2014. For electronic filing purposes only. Expiration date not applicable. Based on the weighted average of the closing price of DCP common units for the prior twenty trading days up to and including the Transaction Date. /s/ Michael S. Richards, Attorney in Fact 2012-02-17