Marrs David G 4

4 · Regency Energy Partners LP · Filed May 27, 2010

Form 4

Period: 2010-05-24

President, CDM Resource Mgt.

Transactions

Sale
Common Units
2010-05-25$22.30/sh−19,100$425,873→ 288,879 total
Sale
Common Units
2010-05-24$22.00/sh−900$19,800→ 307,979 total
Exercise/Conversion
Common Units
2010-05-26+25,667→ 314,546 total
Tax Payment
Common Units
2010-05-26$22.25/sh−6,790$151,078→ 307,756 total
Exercise/Conversion
Phantom Units
2010-05-26−25,667→ 5,800 total
From: 2010-05-26Exp: 2010-05-26→ Common Units (25,667 underlying)

Footnotes (4)

[F1]The weighted average sales price is reported as unit sales were aggregated for reporting purposes. The per unit transaction prices ranged from $22.05 to $22.38. The reporting person will provide, upon request from an appropriate party, the per share sales volumes and prices.
[F2]The holder settled 100 percent of his phantom units for RGNC common units on the date of vesting.
[F3]These Phantom Units were granted on May 27, 2009. 13,200 of the phantom units contractually convert into a variable number of common units based on total unitholder return over a three year period or upon a change in control. This transaction represents the vesting of the original grant of 13,200 market condition phantom units multiplied by a factor of 1.5 due to a change in control event on May 26, 2010 in accordance with the terms of the grant plus the remaining 5,867 service condition phantom units.
[F4]Each Phantom Unit is the economic equivalent of one common unit representing a limited partner interest in Regency Energy Partners LP.

Documents

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