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 *
Barron Bradley C
  2. Issuer Name and Ticker or Trading Symbol
NuStar Energy L.P. [NS]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
SVP, Gen Counsel and Secretary
(Last)
(First)
(Middle)
2330 NORTH LOOP 1604 WEST
3. Date of Earliest Transaction (Month/Day/Year)
01/22/2009
(Street)

SAN ANTONIO, TX 78248
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 (tax withheld for performance unit vesting) 01/22/2009   F   60 D $ 45.26 7,256 D  
Common Units 01/22/2009   M   180 A $ 0 7,434 D  
Common Units (tax withheld for performance unitvesting) 01/22/2009   F   74 D $ 45.26 7,362 D  
Common Units 01/22/2009   M   226 A $ 0 7,588 D  
Common Units (tax withheld for performance unit vesting) 01/22/2009   F   77 D $ 45.26 7,511 D  
Common Units 01/22/2009   M   233 A $ 0 7,744 D  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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
Performance Units (1) 01/22/2009   A   2,000     (1) 01/22/2012 Common 2,000 $ 0 2,000 D  
Performance Units (2) 01/22/2009   M     180 01/22/2009 01/22/2009 Common 360 $ 0 90 D  
Performance Units (2) 01/22/2009   M     226 01/22/2009 01/22/2010 Common 454 $ 0 340 D  
Performance Units (3) 01/22/2009   M     233 01/22/2009 01/22/2011 Common 467 $ 0 1,167 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Barron Bradley C
2330 NORTH LOOP 1604 WEST
SAN ANTONIO, TX 78248
      SVP, Gen Counsel and Secretary  

Signatures

 Elizabeth E. Clifton as Attorney-in-Fact for Bradley C. Barron   01/26/2009
**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) Award of performance units. The performance units vest annually in one-third increments beginning on the first anniversary of the grant date and are payable in common units in amounts ranging from zero to 200% of the performance units.
(2) Settlement of previously awarded performance units at 50% of the base units awarded in 2006 and 2007 and vested on January 22, 2009, as well as the portion of units that vested but were not awarded in January 2008, which carried over pursuant to the terms of the performance unit grants.
(3) Settlement of performance units awarded in 2008 at 50% of base units.

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