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Filing Details

Accession Number:: 0001062993-11-000056
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2011-01-04 20:29:16
Reporting Period:: 2010-12-31

Filing Date:: 2011-01-04
Accepted Time:: 2011-01-04 20:29:16
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1357371	Breitburn Energy Partners L.p.	BBEP	Crude Petroleum & Natural Gas (1311)	743169953

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1347806	S Halbert Washburn	515 S. Flower Street Suite 4800 Los Angeles CA 90071	Chief Executive Officer	No	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Units Representing Limited Partner Interests	Acquisiton	2010-12-31	40,111	$0.00	75,968	No	4	M	Direct
Common Units Representing Limited Partner Interests	Acquisiton	2010-12-31	57,908	$0.00	133,876	No	4	M	Direct
Common Units Representing Limited Partner Interests	Acquisiton	2011-01-01	23,131	$0.00	157,007	No	4	M	Direct
Common Units Representing Limited Partner Interests	Disposition	2011-01-04	25,000	$20.18	132,007	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	M	Direct
No	4	M	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Units	Restricted Phantom Units	Disposition	2010-12-31	40,111	$0.00	40,111	$0.00
Common Units	Restricted Phantom Units	Disposition	2010-12-31	57,908	$0.00	57,908	$0.00
Common Units	Restricted Phantom Units	Disposition	2011-01-01	23,131	$0.00	23,131	$0.00

Remaning Holdings	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
150,453	No	4	M	Direct
108,605	No	4	M	Direct
0	No	4	M	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Units Representing Limited Partner Interests	690,751	Indirect	BreitBurn Energy Corporation
Common Units Representing Limited Partner Interests	6,485	Indirect	Family Trust

Footnotes

Each Restricted Phantom Unit ("RPU") is the economic equivalent of one common unit representing a limited partner interest in BBEP (a "common unit") which includes a distribution equivalent right that entitles the holder to cash distributions at the same rate payable to common unitholders on a quarterly basis.
The RPUs that vested on December 31, 2010 were settled for common units. On each of December 31, 2011 and December 31, 2012, one-half of the remaining RPUs will be settled for an equal number of common units.
The RPUs that vested on December 31, 2010 were settled for common units. On December 31, 2011, the remaining RPUs will be settled for an equal number of common units.
The RPUs that vested on January 1, 2011 were settled for common units.
The reported common units are owned directly by BreitBurn Energy Corporation of which Mr. Washburn is the 48% owner. The Reporting Person disclaims beneficial ownership of the reported securities, except to the extent of his pecuniary interest therein.
The reported common units are owned directly by the Washburn Family Trust. Mr. Washburn has the power and authority to dispose of the common units and, accordingly, may be deemed to be the beneficial owner of such common units.
This transaction was executed in multiple trades at prices ranging from $20.04 to $20.24. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of common units and prices at which the transactions were effected.