X0304 4 2011-11-01 0000750199 ENERGY PARTNERS LTD EPL 0001230446 PEPER JOHN H C/O ENERGY PARTNERS, LTD. 201 ST. CHARLES AVENUE NEW ORLEANS LA 70170 1 EVP, Gen Counsel and Corp Sec Common Stock 2011-11-01 4 A 0 5026 A 15034 D Common Stock 346 I 401(k) Plan Stock Options (Right to Buy) 13.68 2011-11-01 4 A 0 10140 0 A 2021-11-01 Common Stock 10140 10140 D Shares of restricted stock granted on November 1, 2011 under the Issuer's 2009 Long Term Incentive Plan, as amended. The restricted shares are subject to customary transfer restrictions and risk of forfeiture provisions, which lapse in one-third increments on the first three anniversaries of the Date of Grant. Consistent with the provisions of the Issuer's 2009 Long Term Incentive Plan, the grantee did not pay any consideration to the Issuer for the restricted shares that were granted. By way of reference, the closing price per share of the Issuer's common stock on the New York Stock Exchange on November 1, 2011 was $13.68. The stock options were granted under the Issuer's 2009 Long Term Incentive Plan and will vest and become exercisable in one-third increments on the first three anniversaries of the Date of Grant. John H. Peper 2011-11-03