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Filing Details

Accession Number:: 0001209191-10-022455
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 17:13:02
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	Insider Title	Director	Officer	Large Shareholder	Other
1239315	Peter Kagan	C/O Targa Resources Partners Lp 1000 Louisiana, Suite 4300 Houston TX 77002		Yes	No	No	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

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Units Representing Limited Partner Interests	10,250	Direct

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 price to the public of $27.50 per Common Unit. The amount of securities listed in Item 4 of Table 1 is calculated by multiplying the common units sold in the reported transaction 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.
Mr. Kagan is a general partner of WP and a Managing Director and Member of WP LLC. Charles R. Kaye and Joseph P. Landy are each Managing General Partners of WP and Co-Presidents and Managing Members of WP LLC and may be deemed to control the Warburg Pincus entities. Messrs. Kagan, Kaye and Landy disclaim beneficial ownership of all shares in Targa Investments held by the Warburg Pincus Entities.