X0306 4 2014-01-03 0 0001338613 Regency Energy Partners LP RGP 0001519308 Holotik Jim 2001 BRYAN STREET SUITE 3700 DALLAS TX 75201 0 1 0 0 EVP Chief Commercial Officer Phantom Unit with DER 2014-01-03 4 A 0 24773 0 A Common Units 24773 70173 D Each phantom unit is the economic equivalent of one common unit representing a limited partner interest in Regency Energy Partners LP (the "Partnership") 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. 60% of the total granted phantom units will cliff vest on December 5, 2016, and 40% of the total granted phantom units will cliff vest on December 5, 2018. Not applicable. /s/ Thomas E. Long 2014-01-07