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Filing Details

Accession Number:: 0001209191-10-022458
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2010-04-15 13:00:00
Reporting Period:: 2010-04-14

Filing Date:: 2010-04-15
Accepted Time:: 2010-04-15 17:23:03
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1379661	Targa Resources Partners Lp	NGLS	Natural Gas Transmission (4922)	651295427

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
929408	Warburg Pincus & Co	450 Lexington Avenue New York NY 10017	No	No	Yes	No
1157334	P L Viii Equity Private Pincus Warburg	C/O Warburg Pincus &Amp; Co. 450 Lexington Avenue New York NY 10017	No	No	Yes	No
1162870	Warburg Pincus Llc	C/O Warburg Pincus &Amp; Co. 450 Lexington Avenue New York NY 10017	No	No	Yes	No
1220638	Joseph Landy	C/O Warburg Pincus &Amp; Co. 450 Lexington Avenue New York NY 10017	No	No	Yes	No
1239318	R Charles Kaye	C/O Warburg Pincus &Amp; Co. 450 Lexington Avenue New York NY 10017	No	No	Yes	No
1322709	Warburg Pincus Partners Llc	C/O Warburg Pincus &Amp; Co. 450 Lexington Avenue New York NY 10017	No	No	Yes	No
1332737	Warburg Pincus Private Equity Ix, L.p.	C/O Warburg Pincus &Amp; Co. 450 Lexington Avenue New York NY 10017	No	No	Yes	No
1342445	Warburg Pincus Ix Llc	C/O Warburg Pincus &Amp; Co. 450 Lexington Avenue New York NY 10017	No	No	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Units Representing Limited Partner Interests	Disposition	2010-04-14	6,630,000	$0.00	9,013,560	No	4	S	Indirect	See Footnotes

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	See Footnotes

Footnotes

On April 14, 2010, Targa LP Inc. closed its public offering of 8,500,000 Common Units representing limited partner interests in Targa Resources Partners LP (the "Issuer") at a purchase price to the public of $27.50 per Common Unit. The amount of securities listed in Item 4 of Table I is calculated by multiplying the common units sold in the reported transactions by the aggregate interest in Targa Resources Investments Inc. ("Targa Investments") beneficially owned by the Warburg Pincus Entities (as defined below) (the "Warburg Interest").
Following the reported transaction, each of Targa GP Inc. ("GP Inc.") and Targa LP Inc. ("LP Inc.") own 9,626,129 and 1,929,717 Common Units, respectively, of the Issuer. Targa Investments indirectly owns all of the interests in GP Inc. and LP Inc. Warburg Pincus Private Equity VIII, L.P., a Delaware limited partnership and two affiliated partnerships ("WP VIII"), and Warburg Pincus Private Equity IX, L.P., a Delaware limited partnership ("WP IX"), in the aggregate own approximately 78% of the equity interests of Targa Resources Investments Inc. (continued on Footnote 3)
The general partner of WP VIII is Warburg Pincus Partners, LLC, a New York limited liability company ("WP Partners LLC"), and the general partner of WP IX is Warburg Pincus IX, LLC, a New York limited liability company (WP IX LLC), of which WP Partners LLC is the sole member. Warburg Pincus & Co., a New York general partnership ("WP"), is the managing member of WP Partners LLC. WP VIII and WP IX are managed by Warburg Pincus LLC, a New York limited liability company ("WP LLC," and together with WP VIII, WP IX, WP Partners LLC, WP IX LLC and WP, the "Warburg Pincus Entities"). The amount of securities listed in Item 5 of Table I is calculated by multiplying the aggregate number of Common Units owned by GP Inc. and LP Inc. following the reported transaction by the Warburg Interest.
Charles R. Kaye and Joseph P. Landy are Managing General Partners of WP and Managing Members and Co-Presidents of WP LLC. The Warburg Pincus Entities and Messrs. Kaye and Landy may be deemed to beneficially own all of the reported securities. Each of the Warburg Pincus Entities and Messrs. Kaye and Landy disclaim beneficial ownership of all the reported securities indirectly held by Targa Investments except to the extent of any indirect pecuniary interest therein.