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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1367064	Exterran Partners L.p.	EXLP	Natural Gas Transmission (4922)	223935108

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1101864	Donald Wayne	16666 Northchase Drive Houston TX 77060	Sr Vp And General Counsel	No	Yes	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Units	Acquisiton	2012-03-04	1,799	$0.00	7,768	No	4	M	Direct
Common Units	Disposition	2012-03-04	477	$23.70	7,291	No	4	F	Direct
Common Units	Disposition	2012-03-06	1,250	$23.36	6,041	No	4	S	Direct
Common Units	Disposition	2012-03-06	1,100	$23.40	4,941	No	4	S	Direct
Common Units	Disposition	2012-03-06	1,400	$23.35	3,541	No	4	S	Direct

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

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Units	Phantom Units with tandem DERs	Disposition	2012-03-04	468	$0.00	468	$0.00
Common Units	Phantom Units with tandem DERs	Disposition	2012-03-04	858	$0.00	858	$0.00
Common Units	Phantom Units with tandem DERs	Disposition	2012-03-04	473	$0.00	473	$0.00
Common Units	Phantom Units with tandem DERs	Acquisiton	2012-03-02	2,110	$0.00	2,110	$0.00

Remaning Holdings	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
936	No	4	M	Direct
0	No	4	M	Direct
473	No	4	M	Direct
2,110	No	4	A	Direct

Footnotes

This transaction represents the vesting of one-third of the phantom units with tandem Distribution Equivalent Rights (DERs) granted to the reporting person under the Exterran Partners, L.P. Long-Term Incentive Plan (EXLP LTIP). Each phantom unit vested in the form of a common unit. The vested DERs were paid in cash pursuant to the award agreement. Pursuant to applicable SEC reporting requirements, the settlement of the phantom units in exchange for common units of EXLP is reported on this Form 4 as a disposition of the phantom units being settled and a simultaneous acquisition of the underlying common units.
Issuer withheld the maximum allowable units to satisfy the tax withholding obligations associated with the vesting of phantom units.
This award represents a grant of phantom units with tandem Distribution Equivalent Rights (DERs) under the Exterran Partners, L.P. Long-Term Incentive Plan (EXLP LTIP) which vests over a three-year period at the rate of one-third per year. The award is payable in cash or common units at the discretion of the Company and vested DERs are payable in cash. Each phantom unit is the economic equivalent of an EXLP common unit. Vesting is subject to acceleration due to a qualifying change of control. Any unvested portion of this award will be forfeited upon termination of service or employment, unless the termination is due to death or disability.