X0304 4 2012-03-04 0 0001367064 EXTERRAN PARTNERS, L.P. EXLP 0001225662 ANDERSON J MICHAEL 16666 NORTHCHASE DRIVE HOUSTON TX 77060 1 1 0 0 Sr Vice President & CFO Common Units 2012-03-04 4 M 0 4041 0 A 16441 D Common Units 2012-03-04 4 F 0 1167 23.70 D 15274 D Common Units 2012-03-06 4 S 0 1130 23.301 D 14144 D Common Units 2012-03-06 4 S 0 100 23.3011 D 14044 D Common Units 2012-03-06 4 S 0 600 23.31 D 13444 D Common Units 2012-03-06 4 S 0 100 23.3109 D 13344 D Common Units 2012-03-06 4 S 0 200 23.33 D 13144 D Common Units 2012-03-06 4 S 0 870 23.34 D 12274 D Phantom Units with tandem DERs 2012-03-04 4 M 0 769 0 D Common Units 769 1536 D Phantom Units with tandem DERs 2012-03-04 4 M 0 2289 0 D Common Units 2289 0 D Phantom Units with tandem DERs 2012-03-04 4 M 0 983 0 D Common Units 983 983 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 G. Miller, Attorney-in-fact 2012-03-05