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	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	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* WARREN KELCY L (Last) (First) (Middle) 8111 WESTCHESTER DRIVE (Street) DALLAS TX 75225 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol Energy Transfer Equity, L.P. [ ETE ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X Director X 10% Owner Officer (give title below) Other (specify below)
	3. Date of Earliest Transaction (Month/Day/Year) 05/21/2018
	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	05/21/2018		C		6,205,936	A	(1)	32,054,156	D
Common Units	05/21/2018		C		1,979,529	A	(1)	10,224,429	I	By: Kelcy Warren Partners II, L.P.(2)
Common Units	05/21/2018		C		63,577	A	(1)	328,383	I	By: ET Company, Ltd.(3)
Common Units	05/21/2018		C		18,991,762	A	(1)	98,093,962	I	By: Kelcy Warren Partners, L.P.(4)
Common Units	05/21/2018		C		17,731,670	A	(1)	91,585,486	I	By: Seven Bridges Holdings, LLC(5)
Common Units	05/21/2018		C		20,166	A	(1)	104,166	I	By: Spouse

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
Series A Convertible Preferred Units	$6.56	05/21/2018		C			25,848,220	(1)	(1)	Common Units	6,205,936	(1)	0	D
Series A Convertible Preferred Units	$6.56	05/21/2018		C			8,244,900	(1)	(1)	Common Units	1,979,529	(1)	0	I	By: Kelcy Warren Partners II, L.P.(2)
Series A Convertible Preferred Units	$6.56	05/21/2018		C			264,806	(1)	(1)	Common Units	63,577	(1)	0	I	By: ET Company, Ltd.(
Series A Convertible Preferred Units	$6.56	05/21/2018		C			79,102,200	(1)	(1)	Common Units	18,991,762	(1)	0	I	By: Kelcy Warren Partners, L.P.(4)
Series A Convertible Preferred Units	$6.56	05/21/2018		C			73,853,816	(1)	(1)	Common Units	17,731,670	(1)	0	I	By: Seven Bridges Holdings, LLC(5)
Series A Convertible Preferred Units	$6.56	05/21/2018		C			84,000	(1)	(1)	Common Units	20,166	(1)	0	I	By: Spouse

Explanation of Responses:

1. On May 21, 2018 (the "Conversion Date"), the Series A Convertible Preferred Units (the "Convertible Units") representing limited partner interests in Energy Transfer Equity, L.P. (the "Partnership") automatically converted into a number of common units representing limited partner interests in the Partnership ("common units") determined by dividing (a) the Conversion Value (as defined below) on the Conversion Date by (b) $6.56. On the date the Convertible Units were issued, the Conversion Value (as defined below) of each Convertible Unit was zero, and the Conversion Value increased each fiscal quarter since the issuance and prior to the Conversion Date in an amount equal to $0.285 less the cash distribution actually paid with respect to each Convertible Unit for such quarter. As of the Conversion Date, the conversion value of each Convertible Unit is $1.575 (the "Conversion Value").

2. The reported securities are owned directly by Kelcy Warren Partners II, LP, a limited partnership owned by Mr. Warren. Mr. Warren disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.

3. The reported securities are owned directly by ET Company, Ltd. and include 322,165 units attributable to Mr. Warren's limited partner interest, as well as 6,218 units attributable to Mr. Warren's general partner interest. Mr. Warren disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.

4. The reported securities are owned directly by Kelcy Warren Partners, LP, a limited partnership owned by Mr. Warren. Mr. Warren disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein

5. The reported securities are owned directly by Seven Bridges Holdings, LLC, a limited liability company owned by Mr. Warren. Mr. Warren disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.

Remarks:

	Sonia Aube, Attorney-in-fact for Mr. Warren	05/23/2018
	** Signature of Reporting Person	Date
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