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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1. Name and Address of Reporting Person * BEUTNER AUSTIN M   2. Issuer Name and Ticker or Trading Symbol Evercore Partners Inc. [EVR] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) President, Co-CEO, CIO (Last) (First) (Middle) C/O EVERCORE PARTNERS INC., 55 EAST 52ND STREET, 43RD FLOOR 3. Date of Earliest Transaction (Month/Day/Year) 05/23/2007 (Street) NEW YORK, NY 10055 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 Shares of Class A common stock, par value $0.01 per share 05/23/2007   C   364,636 A (1) 364,636 D   Shares of Class A common stock, par value $0.01 per share 05/23/2007   C   75,000 A (1) 75,000 I Shares held by a trust (2) Shares of Class A common stock, par value $0.01 per share 05/23/2007   C   4,278 A (1) 4,278 I Shares held by a trust (3) Shares of Class A common stock, par value $0.01 per share 05/23/2007   S(4)   364,636 D $ 27.9513 0 D   Shares of Class A common stock, par value $0.01 per share 05/23/2007   S(4)   75,000 D $ 27.9513 0 I Shares held by a trust (2) Shares of Class A common stock, par value $0.01 per share 05/23/2007   S(4)   4,278 D $ 27.9513 0 I Shares held by a trust (3) Shares of Class B common stock, par value $0.01 per share               1 D   Shares of Class B common stock, par value $0.01 per share               1 I Share held by a trust (5) Shares of Class B common stock, par value $0.01 per share               1 I Share held by a trust (6)

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

Partnership units of Evercore LP

(7)

05/23/2007

C

364,636

(7)

(7)

Shares of Class A common stock, par value $0.01 per share

364,636

(1)

2,420,378

D

Partnership units of Evercore LP

(7)

05/23/2007

C

75,000

(7)

(7)

Shares of Class A common stock, par value $0.01 per share

75,000

(1)

611,627

I

Partnership units held by trust (8)

Partnership units of Evercore LP

(7)

05/23/2007

C

4,278

(7)

(7)

Shares of Class A common stock, par value $0.01 per share

4,278

(1)

0

I

Partnership units held by trust (9)

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
BEUTNER AUSTIN M C/O EVERCORE PARTNERS INC. 55 EAST 52ND STREET, 43RD FLOOR NEW YORK, NY 10055	X		President, Co-CEO, CIO

Signatures

/s/ Adam B. Frankel, as Attorney-in-fact		07/03/2007
**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)	Shares of Class A common stock were acquired upon exchange of Evercore LP partnership units, in accordance with the Evercore LP partnership agreement.
(2)	These shares of Class A common stock are held by a grantor retained annuity trust of which Mr. Beutner is the investment trustee.
(3)	These shares of Class A common stock are held in trust for the benefit of Mr. Beutner's family. Mr. Beutner disclaims beneficial ownership of these shares of Class A common stock, and the filing of this report is not an admission that Mr. Beutner is the beneficial owner of these shares of Class A common stock for the purposes of Section 16 or any other purpose.
(4)	Sale by reporting persons pursuant to an underwritten public offering.
(5)	This share of Class B common stock is held by a grantor retained annuity trust of which Mr. Beutner is the investment trustee.
(6)	This share of Class B common stock is held in trust for the benefit of Mr. Beutner's family. Mr. Beutner disclaims beneficial ownership of this share of Class B common stock, and the filing of this report is not an admission that Mr. Beutner is the beneficial owner of this share of Class B common stock for the purposes of Section 16 or any other purpose.
(7)	Evercore LP partnership units are, subject to certain restrictions in the Evercore LP partnership agreement, exchangeable on a one-for-one basis for shares of Evercore Partners Inc. Class A common stock, subject to customary conversion rate adjustments for stock splits, stock dividends and reclassifications.
(8)	These Evercore LP partnership units are held by a grantor retained annuity trust of which Mr. Beutner is the investment trustee.
(9)	These Evercore LP partnership units are held in trust for the benefit of Mr. Beutner's family. Mr. Beutner disclaims beneficial ownership of these Evercore LP partnership units, and the filing of this report is not an admission that Mr. Beutner is the beneficial owner of these Evercore LP partnership units for the purposes of Section 16 or any other purpose.

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