Crestwood Equity Partners (CEQP) Form 4 Crestwood Equity Partners / ROBERT G PHILLIPS ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

PHILLIPS ROBERT G

(Last) (First) (Middle)

811 MAIN STREET

SUITE 3400

(Street)

HOUSTON TX 77002

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Crestwood Equity Partners LP [ CEQP ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
Chairman, President and CEO

3. Date of Earliest Transaction (Month/Day/Year)
01/15/2018

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Units	01/15/2018		F		15,570	D	$26.9	364,530(1)	D
Common Units	01/16/2018		F		1,636	D	$26.9	362,894(1)	D
Common Units	01/16/2018		F		1,981	D	$26.9	360,913(1)	D
Common Units	01/16/2018		M		8,559	A	$26.9	369,472(1)	D
Common Units	01/16/2018		M		10,502	A	$26.9	379,974(1)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Phantom Units	(2)	01/16/2018		F			7,590	(3)	(3)	Common Units	7,590	$26.9	25,247.8263	D
Phantom Units	(2)	01/16/2018		F			6,186	(3)	(3)	Common Units	6,186	$26.9	19,061.8263	D
Phantom Units	(2)	01/16/2018		M			8,559	(3)	(3)	Common Units	8,559	$0.00	10,502.8263	D
Phantom Units	(2)	01/16/2018		M			10,502	(3)	(3)	Common Units	10,502	$0.00	0.8263	D
Phantom Units	(2)	01/16/2018		M			0.4708	(3)	(3)	Common Units	0.4708(4)	$0.00	0.3555	D
Phantom Units	(2)	01/16/2018		M			0.3555	(3)	(3)	Common Units	0.3555(4)	$0.00	0	D

Explanation of Responses:

1. Includes restricted units granted under the Crestwood Equity Partners LP Long Term Incentive Plan, as amended.

2. Each phantom unit is the economic equivalent of one common unit representing a limited partnership interest in CEQP.

3. The phantom units vested on the third (3rd) anniversary of the grant date and converted to an equal number of common units.

4. Upon vesting,the fractional units are rounded down to the nearest whole unit and forfeited.

Remarks:

	/s/ Judy Riddle, attorney-in-fact for Robert G. Phillips	01/17/2018
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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