GLOBAL PARTNERS LP — Director's Dealing 2011

Mar 15, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GLOBAL PARTNERS LP (GLP)
CIK: 0001323468
Period of Report: 2011-02-16

Reporting Person: Slifka Eric (Director, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-02-16	Common units representing limited partner interests	M	564242	—	Acquired	564984	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-02-16	Subordinated units representing limited partner interests	$	M	564242	Acquired		Common units representing limited partner interests (564242)	Indirect

Footnotes

F1: 564,242 Subordinated Units held by Larea Holdings LLC ("Larea") converted into an equal number of Common Units on February 16, 2011, pursuant to the terms of the Issuer's Third Amended and Restated Agreement of Limited Partnership dated as of December 9, 2009.

F2: Eric Slifka is the sole indirect beneficial owner of the Common Units held by Larea.

F3: 1-for-1.

F4: None.

F5: Immediately.