XNAS:EVEP EV Energy Partners LP Insider Activity 4 Filing - 1/13/2012

Effective Date 1/13/2012

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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 *
PETERSEN GARY R
  2. Issuer Name and Ticker or Trading Symbol
EV Energy Partners, LP [EVEP]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
1100 LOUISIANA, SUITE 4900
3. Date of Earliest Transaction (Month/Day/Year)
01/13/2012
(Street)

HOUSTON, TX 77002
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 Unit 01/13/2012   M   773 A (1) 1,657 I by EnCap V-B Acquisitions, L.P.
Common Unit 01/13/2012   M   976 A (1) 2,092 I by EnCap Energy Capital Fund V, L.P.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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 Unit (1) 01/13/2012   M     166 01/13/2012 01/13/2012 Common Unit 166 (1) 165 I by EnCap V-B Acquisitions, L.P.(2)
Phantom Unit (1) 01/13/2012   M     276 01/13/2012 01/13/2012 Common Unit 276 (1) 553 I by EnCap V-B Acquisitions, L.P.
Phantom Unit (1) 01/13/2012   M     331 01/13/2012 01/13/2012 Common Unit 331 (1) 995 I by EnCap V-B Acquisitions, L.P.
Phantom Unit (1) 01/13/2012   M     209 01/13/2012 01/13/2012 Common Unit 209 (1) 210 I by EnCap Energy Capital Fund V, L.P.
Phantom Unit (1) 01/13/2012   M     349 01/13/2012 01/13/2012 Common Unit 349 (1) 697 I by EnCap Energy Capital Fund V, L.P.
Phantom Unit (1) 01/13/2012   M     418 01/13/2012 01/13/2012 Common Unit 418 (1) 1,256 I by EnCap Energy Capital Fund V, L.P.

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
PETERSEN GARY R
1100 LOUISIANA
SUITE 4900
HOUSTON, TX 77002
  X      

Signatures

 /s/ Gary R. Petersen   01/18/2012
** 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) Each phantom unit was the economic equivalent of one EVEP common unit at the close of business on the vesting date.
(2) Gary R. Petersen may be deemed the beneficial owner of securities held by EnCap Energy Capital Fund V, L.P. and EnCap V-B Acquisitions, L.P. by virtue of being a member of RNBD GP, LLC, the sole member of EnCap Investments GP, LLC, the general partner of EnCap Investments, L.P., the general partner of EnCap Equity Fund V GP, L.P., (i) the general partner of EnCap Energy Capital Fund V, L.P., and (ii) the general partner of EnCap Energy Capital Fund V-B, L.P., the sole member of EnCap V-B Acquisitions GP, LLC, the general partner of EnCap V-B Acquisitions, L.P. Mr. Petersen disclaims beneficial ownership in excess of his pecuniary interest in such securities.

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XNAS:EVEP EV Energy Partners LP Insider Activity 4 Filling

EV Energy Partners LP XNAS:EVEP Stock - Get Insider Activity SEC Filing of EV Energy Partners LP XNAS:EVEP stocks, including company profile, shares outstanding, strategy, business segments, operations, officers, consolidated financial statements, financial notes and ownership information.

XNAS:EVEP EV Energy Partners LP Insider Activity 4 Filing - 1/13/2012
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