Edgar Filing: GAUTREAUX WILLIAM C

Ownership Submission

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF 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 ^*

Â GAUTREAUX WILLIAM C

2. Date of Event Requiring Statement (Month/Day/Year)
11/10/2011

3. Issuer Name and Ticker or Trading Symbol
INERGY L P [NRGY]

(Last)

(First)

(Middle)

2 BRUSH CREEK BLVD., SUITE 200

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

_____ Director	_____ 10% Owner
__X__ Officer (give title below)	_____ Other (specify below)
President - Inergy Services

5. If Amendment, Date Original Filed(Month/Day/Year)

(Street)

KANSAS CITY,Â MOÂ 64112

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 Beneficially Owned

1.Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Units	304,702 ⁽¹⁾	D	Â
Common Units	6,288	I	By Employee Unit Purchase Plan ⁽²⁾
Common Units	1,013,099	I	As Trustee of the William C. Gautreaux Revocable Trust ⁽³⁾
Common Units	187,505	I	As Co-Trustee of the William C. Gautreaux 2005 GRAT ⁽⁴⁾
Common Units	11,803	I	As Co-Trustee of the William C. Gautreaux 2007 GRAT II ⁽⁵⁾
Common Units	4,857	I	As Co-Trustee of the William C. Gautreaux 2008 GRAT II ⁽⁶⁾

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.			SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security		6. Nature of Indirect Beneficial Ownership (Instr. 5)
Class B Units	Â ⁽⁷⁾	Â ⁽⁷⁾	Common Units	698,764.089	$ ⁽⁷⁾	I	As Trustee of the William C. Gautreaux Revocable Trust ⁽³⁾
Class B Units	Â ⁽⁷⁾	Â ⁽⁷⁾	Common Units	117,257.619	$ ⁽⁷⁾	I	As Co-Trustee of the William C. Gautreaux 2005 GRAT ⁽⁴⁾
Class B Units	Â ⁽⁷⁾	Â ⁽⁷⁾	Common Units	13,726.537	$ ⁽⁷⁾	I	As Co-Trustee of the William C. Gautreaux 2007 GRAT II ⁽⁵⁾
Class B Units	Â ⁽⁷⁾	Â ⁽⁷⁾	Common Units	3,615.401	$ ⁽⁷⁾	I	As Co-Trustee of the William C. Gautreaux 2008 GRAT II ⁽⁶⁾

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
GAUTREAUX WILLIAM C 2 BRUSH CREEK BLVD., SUITE 200 KANSAS CITY,Â MOÂ 64112	Â	Â	Â President - Inergy Services	Â

Signatures

/s/ Judy R. Riddle (attorney-in-fact) for William C. Gautreaux		11/16/2011
^**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 5(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)	Includes restricted units granted under the Inergy, L.P. Long Term Incentive Plan, as amended.
(2)	Represents common units held in the EUPP. Contributions to the EUPP are used to purchase Inergy common units at the end of each quarter.
(3)	Mr. Gautreaux is trustee of the William C. Gautreaux Revocable Trust under Trust Indenture dated March 8, 2004.
(4)	Mr. Gautreaux is a co-trustee of the William C. Gautreaux 2005 Grantor Retained Annuity Trust under Trust Indenture dated March 31, 2005.
(5)	Mr. Gautreaux is a co-trustee of the William C. Gautreaux 2007 Grantor Retained Annuity Trust II under Trust Indenture dated August 30, 2007.
(6)	Mr. Gautreaux is a co-trustee of the William C. Gautreaux 2008 Grantor Retained Annuity Trust II under Trust Indenture dated May 20, 2008.
(7)	The Class B units will convert automatically into common units on a one-for-one basis, with 50% of the outstanding Class B units converting into common units following the payment date of the fourth quarterly distribution following the closing of the merger and the remaining outstanding Class B units converting into common units following the payment date of the eighth quarterly distribution following the closing of the merger.

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