X0306 4 2017-02-05 0 0001523404 JP Energy Partners LP JPEP 0001502069 Szydlowski Norman J 600 EAST LAS COLINAS BOULEVARD SUITE 2000 IRVING TX 75039 1 0 0 1 SEE REMARKS COMMON UNITS (LIMITED PARTNER INTERESTS) 2017-02-05 4 M 0 667 10.00 A 2833 D PHANTOM UNITS (WITH DERs) 2017-02-05 4 M 0 667 D COMMON UNITS 667 10259 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. Of the phantom units granted on February 5, 2015, 667 units vest on February 5, 2018. All remaining phantom units vest commencing on April 1, 2017, 2018 and 2019, respectively. 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. The Reporting Person is a director 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/ Patrick J. Welch, Attorney-in-Fact for Norman J. Szydlowski 2017-02-07