SEC Form 4

FORM 4		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person* Houser Mark A (Last) (First) (Middle) C/O ENERVEST LTD., 1001 FANNIN STREET - SUITE 800 (Street) HOUSTON TX 77002 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol EV Energy Partners, LP [ EVEP ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X Director 10% Owner X Officer (give title below) Other (specify below) President and COO
	3. Date of Earliest Transaction (Month/Day/Year) 01/14/2011
	4. If Amendment, Date of Original Filed (Month/Day/Year)	6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Units	06/11/2010		J	V	58,000	A	(1)	297,655	D
Common Units	06/11/2010		J	V	74,103	A	(1)	79,103	I	By DSEA II, LP(2)
Common Units	06/14/2010		G	V	58,000	D	$0	244,655	D
Common Units	06/14/2010		G	V	58,000	A	$0	137,103	I	See footnote(3)
Common Units	08/19/2010		G	V	126,400	D	$0	113,255	D
Common Units	08/19/2010		G	V	126,400	A	$0	269,520	I	By DSEA II, LP(4)
Common Units	01/14/2011		M		41,167	A	(5)	154,422	D
Common Units	01/14/2011		F(6)		5,290	D	(5)	149,132	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Phantom Units	(5)	01/14/2011		M			41,167	01/14/2011	01/14/2011	Common Unit	41,167	(5)	0	D

Explanation of Responses:

1. On June 11, 2010, EnerVest, Ltd., a Texas limited partnership ("EnerVest"), the sole member of EVEC Holdings, LLC, a Delaware limited liability company ("EVH"); EnerVest Advisors Ltd., a Texas limited partnership ("Advisors"), a member of EnerVest's general partner; EnerVest Holding, L.P., a Texas limited partnership ("Holding"), a limited partner of an affiliate of EnerVest distributed their respective common units to the limited partners of EnerVest. Also removes 5000 units previously improperly reported as directly owned which are actually owned by DSEA II, LP

2. Part of the distribution from EnerVest and includes 5,000 common units previously reported as directly owned by Mr. Houser which are actually owned by DSEA II, LP., as further explained in Footnote 4.

3. 14,500 units were gifted to each of four trusts established for Mr. Houser's four children.

4. Mr. Houser transferred these common units to DSEA II, LP, a limited partnership of which he and his wife manage the general partner. Mr. Houser disclaims beneficial ownership of the common units held by DSEA II, LP except to the extent of his pecuniary interest therein. The total reported in column 5 also includes 6017 common units purchased through a dividend reinvestment plan with Mr. Houser's broker, which will be reported on a Form 5.

5. Each phantom unit was the economic equivalent of one EVEP common unit at the close of business on the vesting date.

6. The vesting of phantom units on January 14, 2011 resulted in a net gain of 35,877 directly held common units. To cover the cost of taxes associated with this vesting, the issuer witheld 5,290 common units.

	/s/ Mark A. Houser Mark A. Houser President and Chief Operating Officer	01/19/2011
	** Signature of Reporting Person	Date
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