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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
December 10, 2007 (December 5, 2007)
Date of Report (Date of earliest event reported)
Energy Transfer Partners, L.P.
(Exact name of Registrant as specified in its charter)
         
Delaware
(State or other jurisdiction
of incorporation) 		  1-11727
(Commission File Number) 		  73-1493906
(IRS Employer
Identification Number)
3738 Oak Lawn Avenue
Dallas, TX 75219
(Address of principal executive offices)
(214) 981-0700
(Registrant’s telephone number, including area code)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 

 

 

         
Item 5.02   Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
     (f) On December 1, 2007, Energy Transfer Partners, L.P. (“ETP”) determined the amount of the discretionary bonuses to be paid to five of its named executive officers relating to ETP’s fiscal year ended August 31, 2007. In accordance with paragraph (f) of Item 5.02 of Regulation 8-K, the following table provides information reflecting these bonus amounts.
                                                                         
                                                    Change in        
                                                    Pension        
                                            Non-   Value and        
                                            Equity   Nonqualified        
                                            Incentive   Deferred        
                            Equity   Option   Plan   Compensation   All Other    
Name and Principal           Salary   Bonus   Awards   Awards   Compensation   Earnings   Compensation    
Position   Year   ($)   ($)(1)   ($)(2)   ($)   ($)   ($)   ($)(3)   Total ($)
Mackie McCrea
     2007       380,769       600,000       150,303       —       —       —       14,481       1,145,553  
President — Midstream
                                                                        
R.C. Mills
     2007       388,482       300,000       93,251       —       —       —       8,162       789,895  
President — Propane
                                                                        
Brian J. Jennings (4)
     2007       189,231       300,000       —       —       —       —       2,387,910       2,877,141  
Chief Financial Officer
                                                                        
Jerry J. Langdon (5)
     2007       53,846       62,500       —       —       —       —       324,614       440,960  
Chief Administrative and Compliance Officer
                                                                        
Thomas P. Mason (6)
     2007       238,462       291,667       —       —       —       —       2,478,593       3,008,722  
General Counsel and Secretary
                                                                        
 
(1)   The bonus amounts for the executive officers of ETP shown in this table represent the discretionary bonus paid in December 2007 relating to ETP’s fiscal year ended August 31, 2007.
 
(2)   The amounts in this column reflect the amount of compensation expense recognized in our consolidated financial statements for the year ended August 31, 2007, determined in accordance with SFAS 123(R). The compensation expense for fiscal year 2007 is net of the impact of the cumulative adjustment of prior period compensation expense resulting from the unit forfeiture in 2007 due to the failure to achieve specified performance conditions.
 
(3)   The amounts in this column include (a) the amount of compensation expense recognized in our consolidated financial statements for the year ended August 31, 2007 related to equity-based awards of units in Energy Transfer Equity, L.P. owned by an affiliate to certain of our named executive officers, as discussed further above and in Note 6 to our consolidated financial statements, and (b) contributions to the 401(k) plan made by ETP on behalf of the named executive officers.
 
(4)   Mr. Jennings began employment on March 6, 2007.
 
(5)   Mr. Langdon began employment on July 1, 2007.
 
(6)   Mr. Mason began employment on February 1, 2007.

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Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
         
  Energy Transfer Partners, L.P.
 
By:   Energy Transfer Partners GP, L.P.,
its general Partner		  
         
     
  By:   Energy Transfer Partners, L.L.C.,
its general partner  		  
         
     
Date: December 10, 2007           /s/ Brian J. Jennings   
    Brian J. Jennings   
    Chief Financial Officer  
 

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