GLOBAL PARTNERS LP — Director's Dealing 2011

Feb 24, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GLOBAL PARTNERS LP (GLP)
CIK: 0001323468
Period of Report: 2011-02-18

Reporting Person: Faneuil Edward J (EVP and General Counsel)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-02-18	Common units representing limited partner interests	M	12125	—	Acquired	38244	Direct
2011-02-18	Common units representing limited partner interests	D	3850	$27.77	Disposed	34394	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-02-18	Phantom units	$0	M	12125	Disposed	2011-02-18	Common units (12125)	Direct

Footnotes

F1: Acquisition of common units representing limited partner interests in Global Partners LP, in settlement of 25% of the phantom units that were granted to Mr. Edward J. Faneuil under a Grant Agreement dated February 5, 2009 pursuant to the Global Partners LP Long-Term Incentive Plan, as a result of the satisfaction of certain early vesting conditions set forth in the Grant Agreement.

F2: Each phantom unit is the economic equivalent of one common unit of Global Partners LP.