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FORM 4
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington D.C.
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
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 (f) of
the Investment Company Act of 1940
1. Name and Address of Reporting Person
Chesterman, Patrick J.
5706 West 128th Street
Overland Park, KS 66209
2. Issuer Name and Ticker or Trading Symbol
Ferrellgas Partners, L.P. (FGP)
3. IRS or Identification Number of Reporting Person, if an entity
(Voluntary)
4. Statement for Month/Day/Year
March 25, 2003
5. If Amendment Date of Original (Month/Day/Year)
N/A
6. Relationship of Reporting Person to Issuer (Check all applicable)
Director
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X Officer (Give title below)
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10% Owner
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Other (specify below)
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Executive Vice President and Chief Operating Officer
7. Individual or Joint/Group Filing (Check Applicable)
X Form filed by One Reporting Person
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Form Filed by More than One Reporting Person
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TABLE I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)
Common Unit
2. Transaction Date (Month/Day/Year)
March 24, 2003
2A. Deemed Execution Date, if any (Month/Day/Year)
March 24, 2003
3. Transaction Code (Instr.8)
M Code
-------
S Code
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
1,000 Amount
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A (A) or (D)
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$16.80 Price
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1,000 Amount
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D (A) or (D)
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$20.54 Price
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5. Amount of Securities Beneficially Owned Following Reported Transactions
(Instr. 3 and 4)
200
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
D
7. Nature of Indirect Beneficial Ownership (Instr. 4)
N/A
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)
Common Unit option (right to buy)
2. Conversion or Exercise Price of Derivative Security
$16.80
3. Transaction Date (Month/Day/Year)
March 24, 2003
3A. Deemed Execution Date, if any (Month/Day/Year)
March 24, 2003
4. Transaction code (Instr. 8)
M Code
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V
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5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3,4, and 5)
------- (A)
1,000 (D)
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6. Date Exercisable and Expiration Date (Month/Day/Year)
10/14/99 Date Exercisable
10/14/04 Expiration Date
7. Title and Amount of Underlying Securities (Instr. 3 and 4)
Common
unit Title
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1,000 Amount or Number of Shares
8. Price of Derivative Security (Instr. 5)
$16.80
9. Number of Derivative Securities Beneficially Owned Following Reported
Transactions (Instr. 4)
117,000 (1)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
D
11. Nature of Indirect Beneficial Ownership (Instr.4)
N/A
(1) Number of Derivative Securities Beneficially Owned Following Reported
Transactions consists of:
o 7,000 options with exercise price of $18.90, of which 7,000
options are vested;
o 20,000 options with exercise price of $20.19, of which 20,000
options are vested; and
o 90,000 options with exercise price of $17.90, of which 36,000
options are vested. The remaining 54,000 options will vest
ratably in April 2004, April 2005 and April 2006.
/s/ Patrick J. Chesterman March 25, 2003
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Signature of Reporting Person Date
**Intentional misstatements or omissions of facts constitute Federal Criminal
Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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