Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
Long Thomas E
  2. Issuer Name and Ticker or Trading Symbol
Regency Energy Partners LP [RGP]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
EVP & Chief Financial Officer
(Last)
(First)
(Middle)
2001 BRYAN STREET, SUITE 3700
3. Date of Earliest Transaction (Month/Day/Year)
04/30/2015
(Street)

DALLAS, TX 75201
4. If Amendment, Date 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
(City)
(State)
(Zip)
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 (1) 04/30/2015   M   7,700 A (2) 40,057 D  
Common Units 04/30/2015   F(3)   2,107 D $ 22.35 (4) 37,950 D  
Common Units (5) 04/30/2015   D   37,950 D (5) 0 D  

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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 Underlying Securities
(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 of Derivative Security: 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 with DER (1) (2) (1) 04/30/2015   M     3,000   (1)   (6) Common Units 3,000 $ 0 0 D  
Phantom Units with DER (1) (2) (1) 04/30/2015   M     4,700   (1)   (6) Common Units 4,700 $ 0 0 D  
Phantom Units with DER (7) (7) 04/30/2015   D     9,000   (7)   (6) Common Units 9,000 $ 0 0 D  
Phantom Units with DER (7) (7) 04/30/2015   D     25,000   (7)   (6) Common Units 25,000 $ 0 0 D  
Phantom Units with DER (7) (7) 04/30/2015   D     26,333   (7)   (6) Common Units 26,333 $ 0 0 D  
Phantom Units with DER (7) (7) 04/30/2015   D     33,100   (7)   (6) Common Units 33,100 $ 0 0 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Long Thomas E
2001 BRYAN STREET, SUITE 3700
DALLAS, TX 75201
      EVP & Chief Financial Officer  

Signatures

 /s/ A. Troy Sturrock, as power of attorney   05/04/2015
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) Immediately prior to the merger of a wholly owned subsidiary of Energy Transfer Partners, L.P. ("ETP") with and into Regency Energy Partners LP ("RGP") effective on April 30, 2015 (the "Merger"), 7,700 of the reporting person's Phantom Units vested in full in accordance with the reporting person's December 1, 2010 and December 17, 2010 Phantom Unit awards, and an equal number of RGP common units were deemed issued in settlement thereof.
(2) Each Phantom Unit is the economic equivalent of one common unit representing a limited partner interest in RGP.
(3) Common Units withheld to cover taxes payable upon vesting of Phantom Units reported in Table II.
(4) Closing price for the Issuer's common units on April 28, 2015, the date used to calculate awards.
(5) Disposition in connection with the Merger. On April 29, 2015, the last trading day for the RGP common units, the closing price of the RGP common units was $23.47 per unit and the closing price of ETP's common units was $55.30 per unit. Each RGP common unit outstanding, and each common unit deemed issued and outstanding pursuant to the reported vestings was converted into the right to receive 0.4124 ETP common units (the "Merger Consideration").
(6) Not applicable.
(7) Each Phantom Unit is the economic equivalent of one common unit representing a limited partner interest in RGP. Pursuant to the Merger, each of the reporting person's Phantom Unit awards granted on December 21, 2011, December 17, 2012, January 3, 2014 and December 19, 2014 was converted into the right to receive an award of phantom units relating to ETP common units based on the Merger Consideration.

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