X0306 4 2017-11-12 0 0001598968 Antero Midstream Partners LP AM 0001477679 Kennedy Michael N. 1615 WYNKOOP STREET DENVER CO 80202 0 1 0 0 See Remarks Common Units representing limited partner interests 2017-11-12 4 F 0 4891 27.40 D 48383 D In connection with the vesting and settlement of phantom units through the issuance of common units representing limited partner interests in the Issuer ("Common Units") pursuant to a Phantom Unit Agreement and the Antero Midstream Partners LP Long-Term Incentive Plan, the Issuer withheld Common Units that would otherwise have been issued to the Reporting Person to satisfy its tax withholding obligations. The number of Common Units withheld was determined based on the closing price per Common Unit on November 10, 2017. Includes 39,973 Common Units that remain subject to vesting. The Issuer is a Delaware limited partnership, managed by the directors and officers of its general partner, Antero Midstream Partners GP LLC ("AMP GP"). Mr. Kennedy is the Chief Financial Officer and Senior Vice President-Finance of AMP GP. /s/ Alvyn A. Schopp, as attorney-in-fact for Michael N. Kennedy 2017-11-14