GLOBAL PARTNERS LP — Director's Dealing 2011

Mar 10, 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 Richard (Director, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-02-16	Common units representing limited partner interests	M	1723196	—	Acquired	1725463	Indirect
2011-02-16	Common units representing limited partner interests	M	2344992	—	Acquired	2348078	Indirect
2011-02-16	Common units representing limited partner interests	M	8464	—	Acquired	8475	Indirect
2011-02-16	Common units representing limited partner interests	M	120356	—	Acquired	120356	Indirect
2011-02-16	Common units representing limited partner interests	M	300000	—	Acquired	300000	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-02-16	Subordinated units representing limited partner interests	$	M	1723196	Acquired		Common units representing limited partner interests (1723196)	Indirect
2011-02-16	Subordinated units representing limited partner interests	$	M	2344992	Acquired		Common units representing limited partner interests (2344992)	Indirect
2011-02-16	Subordinated units representing limited partner interests	$	M	8464	Acquired		Common units representing limited partner interests (8464)	Indirect
2011-02-16	Subordinated units representing limited partner interests	$	M	120356	Acquired		Common units representing limited partner interests (120356)	Indirect
2011-02-16	Subordinated units representing limited partner interests	$	M	300000	Acquired		Common units representing limited partner interests (300000)	Indirect

Footnotes

F1: 1,723,196 Subordinated Units held by Global Petroleum Corp. 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: Richard Slifka and Alfred A. Slifka are equal indirect beneficial owners of the Common Units held by Global Petroleum Corp.

F3: 2,344,992 Subordinated Units held by Montello Oil Corporation 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.

F4: Richard Slifka and Alfred A. Slifka are equal indirect beneficial owners of the Common Units held by Montello Oil Corporation.

F5: 8,464 Subordinated Units held by Sandwich Terminal, L.L.C. 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.

F6: Richard Slifka and Alfred A. Slifka are equal indirect beneficial owners of the Common Units held by Sandwich Terminal, L.L.C.

F7: 120,356 Subordinated Units held by Chelsea Terminal Limited Partnership 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.

F8: Richard Slifka and Alfred A. Slifka are equal indirect beneficial owners of the Common Units held by Chelsea Terminal Limited Partnership.

F9: 300,000 Subordinated Units held by a grantor retained annuity trust 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.

F10: Richard Slifka is the sole trustee and indirect beneficial owner of the Common Units held by a grantor retained annuity trust.

F11: 1-for-1.

F12: None.

F13: Immediately.