Ownership Submission
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 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
OMB APPROVAL
OMB Number: 3235-0287
Expires: January 31, 2005
Estimated average burden hours per response... 0.5

(Print or Type Responses)
1. Name and Address of Reporting Person *
PHILLIPS ROBERT G
  2. Issuer Name and Ticker or Trading Symbol
Crestwood Equity Partners LP [CEQP]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Chairman, President and CEO
(Last)
(First)
(Middle)
811 MAIN STREET, SUITE 3400
3. Date of Earliest Transaction (Month/Day/Year)
01/15/2018
(Street)

HOUSTON, TX 77002
4. If Amendment, Date Original Filed(Month/Day/Year)
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 (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 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 01/15/2018   F   15,570 D $ 26.9 364,530 (1) D  
Common Units 01/16/2018   F   1,636 D $ 26.9 362,894 (1) D  
Common Units 01/16/2018   F   1,981 D $ 26.9 360,913 (1) D  
Common Units 01/16/2018   M   8,559 A $ 26.9 369,472 (1) D  
Common Units 01/16/2018   M   10,502 A $ 26.9 379,974 (1) D  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. SEC 1474 (9-02)

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 (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 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
(Month/Day/Year)
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 (2) 01/16/2018   F     7,590   (3)   (3) Common Units 7,590 $ 26.9 25,247.8263 D  
Phantom Units (2) 01/16/2018   F     6,186   (3)   (3) Common Units 6,186 $ 26.9 19,061.8263 D  
Phantom Units (2) 01/16/2018   M     8,559   (3)   (3) Common Units 8,559 $ 0 10,502.8263 D  
Phantom Units (2) 01/16/2018   M     10,502   (3)   (3) Common Units 10,502 $ 0 0.8263 D  
Phantom Units (2) 01/16/2018   M     0.4708   (3)   (3) Common Units 0.4708 (4) $ 0 0.3555 D  
Phantom Units (2) 01/16/2018   M     0.3555   (3)   (3) Common Units 0.3555 (4) $ 0 0 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
PHILLIPS ROBERT G
811 MAIN STREET
SUITE 3400
HOUSTON, TX 77002
  X     Chairman, President and CEO  

Signatures

 /s/ Judy Riddle, attorney-in-fact for Robert G. Phillips   01/17/2018
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) Includes restricted units granted under the Crestwood Equity Partners LP Long Term Incentive Plan, as amended.
(2) Each phantom unit is the economic equivalent of one common unit representing a limited partnership interest in CEQP.
(3) The phantom units vested on the third (3rd) anniversary of the grant date and converted to an equal number of common units.
(4) Upon vesting,the fractional units are rounded down to the nearest whole unit and forfeited.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.