X0304 4 2012-03-04 0 0001367064 EXTERRAN PARTNERS, L.P. EXLP 0001186860 CHILDERS D BRADLEY 16666 NORTHCHASE DRIVE HOUSTON TX 77060 1 1 0 0 President and CEO Common Units 2012-03-04 4 M 0 3514 0 A 6958 D Common Units 2012-03-04 4 F 0 930 23.70 D 6028 D Phantom Units with tandem DERs (Common Units) 2012-03-04 4 M 0 673 0 D Common Units 673 1345 D Phantom Units with tandem DERs 2012-03-04 4 M 0 2003 0 D Common Units 2003 0 D Phantom Units with tandem DERs 2012-03-04 4 M 0 838 0 D Common Units 838 837 D This transaction represents the vesting of one-third of the phantom units with tandem Distribution Equivalent Rights (DERs) granted to the reporting person 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. Susan Miller, Attorney-in-fact 2012-03-05