CrossAmerica Partners LP — Director's Dealing 2019

Jul 22, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CrossAmerica Partners LP (CAPL)
CIK: 0001538849
Period of Report: 2019-07-18

Reporting Person: Smith Evan Walker (Vice President and CFO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-07-18	Phantom Performance Units	$	A	2736	Acquired		Common Units (2736.0)	Direct

Footnotes

F1: Each phantom performance unit represents a contingent right to receive one common unit ("Common Unit") representing a limited partner interest in CrossAmerica Partners LP and is accompanied by tandem distribution equivalent rights that entitle the holder to cash payments equal to the amount of distributions authorized to be paid to the holders of Common Units.

F2: 35% of the grant will vest on the third anniversary of the grant date, with the remaining 65% vesting on the third anniversary of the grant date subject to the attainment of the performance criteria set forth in the award agreement. Upon vesting of each performance phantom unit, the recipient will receive one Common Unit, or in the discretion of the issuer, cash equal to the fair market value of a Common Unit on the vesting date.