X0303 4 2009-03-04 0 0001367064 EXTERRAN PARTNERS, L.P. EXLP 0001181822 SNIDER STEPHEN A 16666 NORTHCHASE DRIVE HOUSTON TX 77060 1 1 0 0 Chairman and CEO Common Units 2009-03-04 4 M 0 3104 0 A 103104 D Common Units 2009-03-04 4 F 0 822 11.65 D 102282 D Phantom Units with tandem DERs 2009-03-04 4 M 0 3104 0 D Common Units 3104 6206 D Phantom Units with tandem DERs 2009-03-04 4 A 0 10730 0 A Common Units 10730 10730 D This transaction represents the vesting of one-third of the phantom units with tandem Distribution Equivalent Rights (DERs) granted to the reporting person on March 4, 2008 under the Exterran Partners, L.P. Long-Term Incentive Plan (EXLP LTIP). Each phantom unit vested in the form of a common unit. The vested DERs were paid in cash pursuant to the award agreement. Pursuant to applicable SEC reporting requirements, the settlement of the phantom units in exchange for common units of EXLP is reported on this Form 4 as a disposition of the phantom units being settled and a simultaneous acquisition of the underlying common units. Issuer withheld the maximum allowable units to satisfy the tax withholding obligations associated with the vesting of phantom units. This award represents a grant of phantom units with tandem DERs under the EXLP LTIP which vests over a three-year period at the rate of one-third per year beginning on March 4, 2010 and on each successive anniversary of the date of grant. The award is payable in cash or common units at the discretion of the Company and vested DERs are payable in cash. Each phantom unit is the economic equivalent of an EXLP common unit. Vesting is subject to acceleration due to a qualifying change of control. Any unvested portion of this award will be forfeited upon termination of service or employment, unless the termination is due to death, disability or retirement. Susan G. Miller, Attorney-in-fact 2009-03-06