Edgar Filing: Carter James S

Ownership Submission

FORM 5

	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
	Form 3 Holdings Reported
	Form 4 Transactions Reported

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
ANNUAL 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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1. Name and Address of Reporting Person ^*

Carter James S

2. Issuer Name and Ticker or Trading Symbol
Calumet Specialty Products Partners, L.P. [CLMT]

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

__X__ Director	_____ 10% Owner
_____ Officer (give title below)	_____ Other (specify below)

(Last)

(First)

(Middle)

2780 WATERFRONT PKWY E. DRIVE SUITE 200

3. Statement for Issuer's Fiscal Year Ended (Month/Day/Year)
12/31/2009

(Street)

INDIANAPOLIS,Â INÂ 46214

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

6. Individual or Joint/Group Reporting
(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 at end of Issuer's Fiscal Year (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
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)	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Units	05/06/2009	Â	M4	1,219	A	$ ⁽¹⁾	31,479	D	Â
Common Units	05/06/2009	Â	M4	48	A	$ ⁽¹⁾	31,527	D	Â
Common Units	08/03/2009	Â	M4	861	A	$ ⁽¹⁾	32,388	D	Â
Common Units	08/14/2009	Â	M4	67	A	$ ⁽¹⁾	32,455	D	Â
Common Units	11/03/2009	Â	M4	934	A	$ ⁽¹⁾	33,389	D	Â
Common Units	11/13/2009	Â	M4	79	A	$ ⁽¹⁾	33,468	D	Â

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 2270 (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 at End of Issuer's Fiscal Year
(Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)

11. Nature of Indirect Beneficial Ownership
(Instr. 4)

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Phantom Units

05/06/2009

1,219

Â ⁽²⁾

Common Units

1,219

$ 12.1

1,219

Phantom Units

05/06/2009

1,219

Â ⁽²⁾

Common Units

1,219

$ 0

Phantom Units

05/06/2009

402

Â ⁽³⁾

Common Units

402

$ 12.1

402

Phantom Units

05/15/2009

Â ⁽²⁾

Common Units

$ 11.35

Phantom Units

05/15/2009

Â ⁽²⁾

Common Units

$ 0

Phantom Units

05/15/2009

Â ⁽³⁾

Common Units

$ 11.35

418

Phantom Units

08/04/2009

861

Â ⁽²⁾

Common Units

861

$ 17.13

861

Phantom Units

08/04/2009

861

Â ⁽²⁾

Common Units

861

$ 0

Phantom Units

08/04/2009

284

Â ⁽³⁾

Common Units

284

$ 17.13

702

Phantom Units

08/14/2009

Â ⁽²⁾

Common Units

$ 14.06

Phantom Units

08/14/2009

Â ⁽²⁾

Common Units

$ 0

Phantom Units

08/14/2009

Â ⁽³⁾

Common Units

$ 14.06

724

Phantom Units

11/03/2009

934

Â ⁽²⁾

Common Units

934

$ 15.8

934

Phantom Units

11/03/2009

934

Â ⁽²⁾

Common Units

934

$ 0

Phantom Units

11/03/2009

308

Â ⁽³⁾

Common Units

308

$ 15.8

1,032

Phantom Units

11/13/2009

Â ⁽²⁾

Common Units

$ 17.17

Phantom Units

11/13/2009

Â ⁽²⁾

Common Units

$ 0

Phantom Units

11/13/2009

Â ⁽³⁾

Common Units

$ 17.17

1,058

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
Carter James S 2780 WATERFRONT PKWY E. DRIVE SUITE 200 INDIANAPOLIS,Â INÂ 46214	Â X	Â	Â	Â

Signatures

/s/ R. Patrick Murray, II, as attorney-in-fact		02/24/2010
^**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)	Each Phantom Unit is the economic equivalent of a Calumet Specialty Products Partners, L.P. Common Unit
(2)	Each Phantom Unit becomes payable either in the form of a Common Unit or the cash value thereof upon the earlier of the date specified by the reporting person or the reporting person's termination date. Phantom Units are 100% vested.
(3)	Each Phantom Unit becomes payable either in the form of a Common Unit or the cash value thereof upon the earlier of the date specified by the reporting person or the reporting person's termination of service. 25% of the Phantom Units vest on January 22 of each year beginning on January 22, 2010.

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

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