X0306 4 2018-10-19 0 0001276187 Energy Transfer LP ET 0001554641 Ramsey Matthew S. 8111 WESTCHESTER DRIVE, SUITE 600 DALLAS TX 75225 1 0 0 0 Common Units 2018-10-19 4 A 0 361289 A 425926 D Phantom Units Common Units 223908 223908 D Acquisition in connection with the merger of a wholly owned subsidiary of Energy Transfer Equity, L.P. ("ETE") with Energy Transfer Partners, L.P. ("ETP"), with ETP continuing as the surviving entity and becoming a wholly owned subsidiary of ETE (the "Merger"). On October 18, 2018, the last trading day for the ETP common units, the closing price of ETP's common units was $21.47 per unit and the closing price of ETE's common units was $16.82 per unit. Each ETP common unit outstanding was converted into the right to receive 1.28 ETE common units. As part of the Merger, ETE changed its name to "Energy Transfer LP" and its common units began trading on the New York Stock Exchange ("NYSE") under the "ET" ticker symbol when the market opened on Friday, October 19, 2018. 331,806 of the reported units represent restricted unit awards granted under one of the Energy Transfer LP Long-Term Incentive Plans that vest 60% after three years and 40% after five years. An award of phantom units granted under the Amended and Restated Energy Transfer LP Long-Term Incentive Plan scheduled to vest 60% on December 5, 2020 and 40% on December 5, 2022 and may vest in Partnership units, cash or other securities. Peggy J. Harrison, Attorney-in-fact for Mr. Ramsey 2018-10-23