Sec Form 4 Filing - DAVIS RAY C @ Energy Transfer LP - 2020-03-12

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 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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1. Name and Address of Reporting Person DAVIS RAY C 2. Issuer Name and Ticker or Trading Symbol Energy Transfer LP [ ET] 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) 5950 SHERRY LANE, SUITE 550 3. Date of Earliest Transaction (MM/DD/YY) 03/12/2020 (Street) DALLAS, TX75225 4. If Amendment, Date Original Filed (MM/DD/YY) 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 (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 03/12/2020 P 801,800 A $ 6.2056 ( 1 ) 29,142,894 D Common Units 1,112,069 I By: RCD Stock Holdings, LLC ( 2 ) Common Units 1,941,721 I By: Avatar BW. Ltd. ( 3 ) Common Units 328,383 I By: ET Company, Ltd. ( 4 ) Common Units 51,701 I By: Avatar Holdings LLC ( 5 ) Common Units 15,987,283 I By: Linda Davis 2008 Family Trust ( 6 ) Common Units 121,117 I By: Avatar Stock Holdings, LP ( 7 ) Common Units 28,203,003 I By: Avatar ETC Stock Holdings, LLC ( 8 ) Common Units 3,557,757 I By: Avatar Investments, LP ( 9 ) Common Units 4,768,027 I By: Ray Davis 2008 Grandchildren's Trust ( 10 ) Common Units 4,768,027 I By: Linda Davis 2008 Grandchildren's Trust ( 11 )

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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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 (MM/DD/YY) 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 ( 12 ) ( 12 ) ( 12 ) Common Units 10,047 10,047 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other DAVIS RAY C 5950 SHERRY LANE, SUITE 550 DALLAS, TX75225 X Signatures Peggy J. Harrison, Attorney-in-fact for Mr. Davis 03/13/2020 Signature of Reporting Person Date

Explanation of Responses:

( 1 )The price reported in Column 4 is a weighted average price. These common units were purchased in multiple transactions at prices ranging from $5.97 to $6.64, inclusive. The reporting person undertakes to provide to ET, any security holder of ET, or the Staff of the Securities and Exchange Commission, upon request, full information regarding the number of units purchased at each separate price within this range. ( 2 )The reported units are owned directly by RCD Stock Holdings, LLC, a limited liability company owned by Mr. Davis. ( 3 )The reported units are owned directly by Avatar BW, Ltd. a limited partnership, of which Mr. Davis is the owner of the general partner. ( 4 )The reported units are owned directly by ET Company, Ltd. The reported units represent the estimated pro rata interest of Mr. Davis in ET Company, Ltd. Mr. Davis disclaims beneficial ownership of the reported units except to the extent of his pecuniary interest therein. ( 5 )The reported units are owned directly by Avatar Holdings LLC, a limited liability company owned by Mr. Davis. ( 6 )The reported units are owned directly by the Linda Davis 2008 Family Trust for the benefit of Mr. Davis' family. Mr. Davis' spouse is trustee of the trust. Mr. Davis disclaims beneficial ownership of the reported units except to the extent of his pecuniary interest therein if any. ( 7 )The reported units are owned directly by Avatar Stock Holdings, LP, a limited partnership of which Mr. Davis is the owner of the general partner. ( 8 )The reported units are owned directly by Avatar ETC Stock Holdings LLC, a limited liability company owned by Mr. Davis. ( 9 )The reported units are owned directly by Avatar Investments, LP, a limited partnership, of which Mr. Davis is the owner of the general partner. ( 10 )The reported units are owned directly by the Ray Davis 2008 Grandchildren's Trust for the benefit of Mr. Davis' grandchildren. Mr. Davis is the trustee of the trust. Mr. Davis disclaims beneficial ownership of the reported units except to the extent of his pecuniary interest therein if any. ( 11 )The reported units are owned directly by the Linda Davis 2008 Grandchildren's Trust for the benefit of Mr. Davis' grandchildren. Mr. Davis' spouse is the trustee of the trust. Mr. Davis disclaims beneficial ownership of the reported units except to the extent of his pecuniary interest therein if any. ( 12 )Phantom units granted under the Amended and Restated Energy Transfer LP Long-Term Incentive Plan that may vest in Partnership units, cash or other securities and is generally contingent upon the reporting person's continued services on the Board of the general partner of the Partnership on each applicable vesting 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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