-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 LeJOTjpcBwHsT3zaG76AKm7EjYounB2xg1j4g+LEptt0TwvjmXlGt8dt6MD64JmU
 xLYXvrfXh8Xy/ou3ct59/Q==

<SEC-DOCUMENT>0001209191-09-030006.txt : 20090601
<SEC-HEADER>0001209191-09-030006.hdr.sgml : 20090601
<ACCEPTANCE-DATETIME>20090601211022
ACCESSION NUMBER:		0001209191-09-030006
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20090528
FILED AS OF DATE:		20090601
DATE AS OF CHANGE:		20090601

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Targa Resources Partners LP
		CENTRAL INDEX KEY:			0001379661
		STANDARD INDUSTRIAL CLASSIFICATION:	NATURAL GAS TRANSMISSION [4922]
		IRS NUMBER:				651295427
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		1000 LOUISIANA
		STREET 2:		SUITE 4300
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77002
		BUSINESS PHONE:		(713)584-1000

	MAIL ADDRESS:	
		STREET 1:		1000 LOUISIANA
		STREET 2:		SUITE 4300
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77002

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Targa Resources Investments Inc.
		CENTRAL INDEX KEY:			0001389170
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-33303
		FILM NUMBER:		09866541

	BUSINESS ADDRESS:	
		STREET 1:		TARGA RESOURCES PARTNERS LP
		STREET 2:		1000 LOUISIANA STREET, SUITE 4300
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77002
		BUSINESS PHONE:		713-584-1000

	MAIL ADDRESS:	
		STREET 1:		TARGA RESOURCES PARTNERS LP
		STREET 2:		1000 LOUISIANA STREET, SUITE 4300
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77002

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Targa LP Inc.
		CENTRAL INDEX KEY:			0001389160
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-33303
		FILM NUMBER:		09866539

	BUSINESS ADDRESS:	
		STREET 1:		TARGA RESOURCES PARTNERS LP
		STREET 2:		1000 LOUISIANA STREET, SUITE 4300
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77002
		BUSINESS PHONE:		713-584-1000

	MAIL ADDRESS:	
		STREET 1:		TARGA RESOURCES PARTNERS LP
		STREET 2:		1000 LOUISIANA STREET, SUITE 4300
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77002

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Targa GP Inc.
		CENTRAL INDEX KEY:			0001389161
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-33303
		FILM NUMBER:		09866540

	BUSINESS ADDRESS:	
		STREET 1:		TARGA RESOURCES PARTNERS LP
		STREET 2:		1000 LOUISIANA STREET, SUITE 4300
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77002
		BUSINESS PHONE:		713-584-1000

	MAIL ADDRESS:	
		STREET 1:		TARGA RESOURCES PARTNERS LP
		STREET 2:		1000 LOUISIANA STREET, SUITE 4300
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77002
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>c86306_4x0.xml
<DESCRIPTION>MAIN DOCUMENT DESCRIPTION
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0303</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2009-05-28</periodOfReport>

    <issuer>
        <issuerCik>0001379661</issuerCik>
        <issuerName>Targa Resources Partners LP</issuerName>
        <issuerTradingSymbol>NGLS</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001389170</rptOwnerCik>
            <rptOwnerName>Targa Resources Investments Inc.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>1000 LOUISIANA, SUITE 4300</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>HOUSTON</rptOwnerCity>
            <rptOwnerState>TX</rptOwnerState>
            <rptOwnerZipCode>77002</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001389161</rptOwnerCik>
            <rptOwnerName>Targa GP Inc.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>1000 LOUISIANA, SUITE 4300</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>HOUSTON</rptOwnerCity>
            <rptOwnerState>TX</rptOwnerState>
            <rptOwnerZipCode>77002</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001389160</rptOwnerCik>
            <rptOwnerName>Targa LP Inc.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>1000 LOUISIANA, SUITE 4300</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>HOUSTON</rptOwnerCity>
            <rptOwnerState>TX</rptOwnerState>
            <rptOwnerZipCode>77002</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Units representing limited partner interests</value>
            </securityTitle>
            <transactionDate>
                <value>2009-05-28</value>
                <footnoteId id="F1"/>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>C</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>11528231</value>
                </transactionShares>
                <transactionPricePerShare>
                    <footnoteId id="F1"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>11528231</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See footnote</value>
                    <footnoteId id="F2"/>
                    <footnoteId id="F3"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Subordinated Units representing limited partner interests</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <footnoteId id="F1"/>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2009-05-28</value>
                <footnoteId id="F1"/>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>C</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>11528231</value>
                </transactionShares>
                <transactionPricePerShare>
                    <footnoteId id="F1"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <footnoteId id="F1"/>
            </exerciseDate>
            <expirationDate>
                <footnoteId id="F1"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Units</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>11528231</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>0</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See footnote</value>
                    <footnoteId id="F2"/>
                    <footnoteId id="F3"/>
                </natureOfOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">On May 28, 2009, the board of directors of Targa Resources GP LLC, the general partner of the Issuer, confirmed that, effective May 19, 2009, 11,528,231 subordinated units converted into an equal number of common units on a one-for-one basis with no additional consideration, due to the satisfaction of the conditions described in Section 5.7(b) of the Issuer's Partnership Agreement.  The subordinated units had no expiration date.</footnote>
        <footnote id="F2">Targa GP Inc. (&quot;GP Inc.&quot;) and Targa LP Inc. (&quot;LP Inc.&quot;) are the beneficial owners of 5,449,338 and 6,078,893 common units, respectively.  Targa Midstream Services Limited Partnership (&quot;TMSLP&quot;) owns 100% of GP Inc. and LP Inc. Targa Resources Holdings LP (&quot;Holdings&quot;) owns a 96.6126% limited partner interest in TMSLP and Targa Midstream GP LLC (&quot;Midstream GP&quot;) owns a 3.3874% general partner interest in TMSLP.  Holdings owns 100% of Midstream GP. Targa Resources II LLC (&quot;Resources II&quot;) owns a 99% limited partner interest in Holdings and Targa Resources Holdings GP LLC (&quot;Holdings GP&quot;) owns a 1% general partner interest in Holdings. Targa Resources LLC (&quot;Resources&quot;) owns 100% of Resources II and Holdings GP. Targa Resources, Inc. (&quot;Targa&quot;) owns 100% of Resources. Targa Resources Investments Sub Inc. (&quot;Investments Sub&quot;) owns 100% of Targa. Targa Investments owns 100% of Investments Sub.</fo
otnote>
        <footnote id="F3">TMSLP, Holdings, Midstream GP, Resources II, Holdings GP, Resources, Targa, Investments Sub and Targa Investments may be deemed to beneficially own all of the reported securities. GP Inc. and LP Inc. hold, in the aggregate, a 25.0% limited partner interest in the Issuer.</footnote>
    </footnotes>

    <remarks>This report is being filed concurrently with a Form 4 that relates to the same transaction filed on the date hereof by Targa Resources
Investments Inc., Targa Resources Investments Sub Inc., Targa Resources, Inc., Targa Resources LLC, Targa Resources II LLC, Targa
Resources Holdings GP LLC, Targa Resources Holdings LP, Targa Midstream GP LLC and Targa Midstream Services Limited Partnership (collectively,
the &quot;Reporting Persons&quot;).  Following the reported transactions, Targa GP Inc. and Targa LP Inc., own 5,449,338
and 6,078,893 common units, respectively.  The Reporting Persons are joint filers with the entities filing this report and may be deemed
to beneficially own the reported securities.</remarks>

    <ownerSignature>
        <signatureName>/s/ Paul W. Chung, EVP, General Counsel and Secretary of Targa Resources Investments Inc.</signatureName>
        <signatureDate>2009-05-29</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ Paul W. Chung, EVP, General Counsel and Secretary of Targa GP Inc.</signatureName>
        <signatureDate>2009-05-29</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ Paul W. Chung, EVP, General Counsel and Secretary of Targa LP Inc.</signatureName>
        <signatureDate>2009-05-29</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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