X0306 4 2015-04-01 0 0001523404 JP Energy Partners LP JPEP 0001619817 HANNA JON E 600 EAST LAS COLINAS BOULEVARD SUITE 2000 IRVING TX 75039 0 1 0 0 SEE REMARKS PHANTOM UNITS (WITH DERs) 2015-04-01 4 A 0 19000 0 A COMMON UNITS 19000 19000 D SUBORDINATED UNITS (LIMITED PARTNER INTERESTS) COMMON UNITS 13133 13133 D Each phantom unit is the economic equivalent of one common unit and is accompanied by a distribution equivalent right, entitling the holder to an amount equal to any cash distributions paid on each of the Partnership's common units. The phantom units vest in three equal annual installments commencing on each of the first, second and third anniversaries of the grant date. The phantom units do not expire. The phantom units are settled upon vesting in common units (on a one-for-one basis) or in cash, at the discretion of the Issuer. Each subordinated unit will convert into one common unit at the end of the subordination period, as described in the Issuer's Registration Statement. The Reporting Person is Executive Vice President - Commercial and Business Development of JP Energy GP II LLC, the general partner of the Issuer (the "General Partner"). The Issuer is managed by the directors and executive officers of the General Partner. /s/ Jeremiah J. Ashcroft III, Attorney-in-Fact for Jon E. Hanna 2015-04-03