X0306 4 2016-09-22 0 0001389170 Targa Resources Corp. TRGP 0001387732 Perkins Joe Bob 1000 LOUISIANA, SUITE 4300 HOUSTON TX 77002 1 1 0 0 Chief Executive Officer Common Stock 2016-09-22 4 S 0 7843 50.4545 D 299527 I See Footnote Common Stock 435042 D Common Stock 13762 I By IRA The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 16, 2016. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $50 to $50.83, inclusive. The reporting person undertakes to provide to Targa Resources Corp., any security holder of Targa Resources Corp., or the staff of the United States Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (2) to this Form 4. These shares are owned by the Perkins Blue House Investments Limited Partnership ("PBHILP"). Mr. Perkins is the sole member of JBP GP, L.L.C., one of the general partners of the PBHILP. /s/ Joe Bob Perkins 2016-09-26