Sec Form 4 Filing - CHESTERMAN PATRICK J @ FERRELLGAS PARTNERS L P - 2005-01-06

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 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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1. Name and Address of Reporting Person CHESTERMAN PATRICK J 2. Issuer Name and Ticker or Trading Symbol FERRELLGAS PARTNERS L P [ FGP] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner _____ Officer (give title below) X __ Other (specify below) EVP and COO through 1/6/2005 (Last) (First) (Middle) 7500 COLLEGE BLVD., SUITE 1000 3. Date of Earliest Transaction (MM/DD/YY) 01/06/2005 (Street) OVERLAND PARK, KS66210 4. If Amendment, Date Original Filed (MM/DD/YY) 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 (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 Unit 01/06/2005( 1 ) ( 1 ) J( 1 ) 0 ( 1 ) A ( 1 ) $ 0 ( 1 ) 200 D

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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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 (MM/DD/YY) 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 Employee Common Unit Option $ 17.9 01/06/2005( 1 ) J( 1 ) 0 ( 1 ) 04/19/2004( 1 ) 04/19/2011( 1 ) Common Unit 0 ( 1 ) $ 0 ( 1 ) 54,000 ( 2 ) D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other CHESTERMAN PATRICK J 7500 COLLEGE BLVD. SUITE 1000 OVERLAND PARK, KS66210 EVP and COO through 1/6/2005 Signatures Patrick J. Chesterman 01/07/2005 Signature of Reporting Person Date

Explanation of Responses:

( 1 )No transaction occurred. The report is being filed merely to note the insider's termination of insider status and thereported holdings reflect the insider's beneficial ownership as of the date of termination of service. ( 2 )Number of Derivative Securities Beneficially Owned Following Reported Transactions consists of an option to purchase 54,000Common Units with exercise price of $17.90 of which an option to purchase 18,000 Common Units are currently vested.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* 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).

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