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
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(Print or Type Responses)
1. Name and Address of Reporting Person *
LG Propylene LLC
  2. Issuer Name and Ticker or Trading Symbol
PetroLogistics LP [PDH]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
_____ Officer (give title below) __X__ Other (specify below)
See remarks
(Last)
(First)
(Middle)
630 FIFTH AVENUE , 30TH FLOOR, 
3. Date of Earliest Transaction (Month/Day/Year)
07/16/2014
(Street)

NEW YORK, NY 10111
4. If Amendment, Date Original Filed(Month/Day/Year)
6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ 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 representing limited partner interests 07/16/2014   J   69,690,798 D $ 12 0 I See remarks

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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

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
LG Propylene LLC
630 FIFTH AVENUE , 30TH FLOOR
NEW YORK, NY 10111
      See remarks
GOLDBERG ALAN E
630 FIFTH AVENUE, 30TH FLOOR
NEW YORK, NY 10111
    X    
Lindsay Robert D
630 FIFTH AVENUE, 30TH FLOOR
NEW YORK, NY 10111
  X   X    

Signatures

 /s/ Alan E. Goldberg   07/18/2014
**Signature of Reporting Person Date

 /s/ Alan E. Goldberg, authorized signatory on behalf of LG Propylene LLC   07/18/2014
**Signature of Reporting Person Date

 /s/ Robert D. Lindsay   07/18/2014
**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).
 
Remarks:
On July 16, 2014, prior to the disposition of 69,690,798 common units of PetroLogistics LP (the "Covered Units"), LG Propylene LLC, the record and beneficial owner of the Covered Units, distributed to each of its direct or indirect members listed below (each, a "Transferee"), for no consideration the number of the Covered Units set forth opposite such Transferee's name below.

Lindsay Goldberg & Bessemer II AIV L.P. - 36,125,390
Lindsay Goldberg & Bessemer II-A AIV L.P. - 11,330,020
Lindsay Goldberg & Bessemer II-A NNAIV L.P. -  18,019,906
Lindsay Goldberg & Bessemer II PIV AIV L.P. - 848,067
Lindsay Goldberg & Bessemer II-BT AIV L.P. - 1,825,650
Lindsay Goldberg Co-Investment II AIV L.P. - 1,491,019
Lindsay Goldberg Employee Co-Investment II, L.P. - 25,373
Dean Ventures X, L.L.C. - 25,373

Upon the consummation of the merger resulting in the disposition of the Covered Units (the "Merger"), by virtue of the Merger and without any action on the part of the Transferees, each Covered Unit distributed to each Transferee prior to the Merger was cancelled and converted automatically into the right to receive $12.00. In connection with the Merger, Alan E. Goldberg, Robert D. Lindsay, Lance Hirt, Jaime Buehl-Reichard and Andrew S. Weinberg resigned as members of the Board of Directors of PetroLogistics GP, LLC and as members of each committee of the Board of Directors on which they served immediately prior to the Merger.

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