X0202 4 2007-06-01 0000750199 ENERGY PARTNERS LTD EPL 0001044292 BACHMANN RICHARD A C/O ENERGY PARTNERS, LTD. 201 ST. CHARLES AVENUE NEW ORLEANS LA 70170 1 1 0 0 Chairman and CEO Common Stock 2007-06-04 4 J 0 87636 0 A 2239426 D Common Stock 2007-06-04 4 J 0 498262 0 D 1741164 D Common Stock 2579 I 401(K) Plan Common Stock 1148 I By Spouse Forward Purchase Agreement 2007-06-04 4 J 0 585898 D 2007-06-04 2007-06-04 Common Stock 585898 0 D Phantom Stock 2007-06-01 4 A 0 100588 A Common Stock 100588 100588 D Stock Options (Right to buy) 17.27 2007-06-01 4 A 0 78248 A 2017-06-01 Common Stock 78248 78248 D Consists of 87,636 shares of the Company's common stock that Mr. Bachmann retained and was not required to deliver under the Contract as described in Footnote 1. Consists of 498,262 shares of the Company's common stock that Mr. Bachmann agreed to deliver as described in Footnote 1. The options become exercisable in thirds over a period of three years from the date of the award. The shares become vested in thirds over a period of three years from the date of award. Cash-Settled Restricted Share Units, with payment based on the Fair Market Value of a share of Company Common Stock on the applicable vesting date. On June 4, 2007 Richard A. Bachmann settled his obligation to deliver shares of common stock of Energy Partners, Ltd. (The "Company") under a prepaid variable forward sales contract (the "Contract") entered into with an unaffliated counterparty on June 1, 2004. To secure his obligation under the Contract, Mr. Bachmann pledged 585,898 shares to the counterparty. According to the Contract, the number of shares to be delivered by Mr. Bachmann at settlement would be determined by a formula based on the closing price of the Company's common stock on the maturity date. The closing price of the Company's common stock on the maturity date was $17.67 per share. Based on the formula, Mr. Bachmann delivered 498,262 shares of the Company's common stock and was not required to deliver 87,636 shares. Not applicable 1 for 1 John H. Peper, Attorney in Fact 2007-06-05