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GLOBAL PARTNERS LP — Director's Dealing 2013
Jul 1, 2013
31828_dirs_2013-07-01_82107f7c-e7b4-4695-bb85-27fb172df2c0.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: GLOBAL PARTNERS LP (GLP)
CIK: 0001323468
Period of Report: 2013-03-19
Reporting Person: Slifka Eric (Director, President and CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2013-03-19 | Common units representing limited partner interests | M | 44091 | — | Acquired | 210327 | Direct |
| 2013-03-19 | Common units representing limited partner interests | D | 20811 | $37.29 | Disposed | 189516 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2013-03-19 | Phantom Units | $0 | M | 44091 | Disposed | 2013-03-19 | Common Units (44091) | Direct |
| 2013-06-27 | Phantom Units | $0 | A | 127259 | Acquired | Common Units (127259) | Direct |
Footnotes
F1: Acquisition of common units representing limited partner interests in Global Partners LP, in settlement of 50% of the phantom units that were granted to Mr. Eric Slifka 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.
F3: The phantom units will vest as follows: 33 1/3% on July 1, 2017, 66 2/3% on July 1, 2018 and 100% on July 1, 2019.