X0305 4 2012-04-02 1 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 2012-04-02 4 M 0 1751 0 A 14025 D Common Units 2012-04-02 4 F 0 465 22.11 D 13560 D Phantom Units with tandem DERs 2012-04-02 4 M 0 768 0 D Common Units 768 0 D Phantom Units with tandem DERs 2012-04-02 4 M 0 983 0 D Common Units 983 0 D This transaction is in accordance with the reporting peron's Severance Benefit Agreement and represents the accelerated vesting of certain outstanding phantom units with 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 2012-04-04