X0303 4 2010-06-03 0000750199 ENERGY PARTNERS LTD EPL 0001137999 SCHWARZ JOHN F C/O ENERGY PARTNERS, LTD. 201 ST. CHARLES AVENUE NEW ORLEANS LA 70170 1 Deferred Shares 2010-06-03 4 A 0 8547 A Common Stock 8547 8547 D Shares of restricted stock granted on June 3, 2010 under the issuer's Board Compensation Program and 2009 Long Term Incentive Plan, each as amended from time to time, and deferred under the issuer's Second Amended and Restated Stock and Deferral Plan for Non-Employee Directors, as amended from time to time. Each deferred share is the economic equivalent of one share of the issuer's common stock. One-half of the deferred shares vested immediately on the transaction date, and the remaining one-half of the deferred shares will vest on the day preceding the date of the next annual meeting of stockholders. The deferred shares will be delivered to the reporting person in a lump sum payable on the date the reporting person ceases his service as a director. The number of shares granted was determined by reference to the closing price per share of the issuer's common stock on the New York Stock Exchange on June 3, 2010 of $11.70. John H. Peper, Attorney in Fact 2010-06-07