GLOBAL PARTNERS LP — Director's Dealing 2015

Sep 21, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GLOBAL PARTNERS LP (GLP)
CIK: 0001323468
Period of Report: 2015-09-18

Reporting Person: McKown David K (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-09-18	Phantom units	$0	A	10659	Acquired	2018-01-02	Common units representing limited partner interests (10659)	Direct

Footnotes

F1: Pursuant to a Grant Agreement dated September 18, 2015 ("Grant Agreement"), the Reporting Person was granted 10,659 ("Phantom Units") under the Global Partners LP Long-Term Incentive Plan. Each Phantom Unit is the economic equivalent of one common unit representing a limited partner interest in the Issuer.

F2: Upon satisfying the vesting conditions set forth in the Grant Agreement, the Phantom Units will vest as follows: 33 1/3% each on January 2, 2016, January 2, 2017 and January 2, 2018 and shall be paid in cash payment equal to the Fair Market Value of one common unit representing a limited partner interest on the day immediately preceding the payment date for each vested Phantom Unit that is to be settled.