GLOBAL PARTNERS LP — Director's Dealing 2015

Mar 20, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GLOBAL PARTNERS LP (GLP)
CIK: 0001323468
Period of Report: 2015-01-15

Reporting Person: Global GP LLC (General Partner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-01-15	Common units representing limited partner interests	J	2708	$37.18	Disposed	398160	Direct
2015-01-15	Common units representing limited partner interests	J	10266	$37.18	Disposed	387894	Direct
2015-03-18	Common units representing limited partner interests	P	7925	$35.70	Acquired	395819	Direct
2015-03-19	Common units representing limited partner interest	P	12600	$36.66	Acquired	408419	Direct

Footnotes

F1: Represents delivery of common units in satisfaction of Global GP LLC's obligation to deliver common units under grants approved on June 27, 2013, and on September 23, 2013, under the Global Partners LP Long-Term Incentive Plan (as amended and restated effective June 22, 2012) ("LTIP") to certain officers, directors and employees.

F2: Represents delivery of common units in satisfaction of Global GP LLC's obligation to deliver common units under a grant approved on January 15, 2015, under the LTIP to certain officers, directors and employees.

F3: Closing market price on January 15, 2015.

F4: Global GP LLC is purchasing common units for the purpose of meeting its anticipated obligations to deliver common units under the LTIP to certain officers, directors and employees. The reporting person disclaims any pecuniary interest in these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16.

F5: The price reported is a weighted average price. The common units shown on Line 3 in Column 4 were purchased in multiple transactions at prices ranging from $35.07 to $36.00, inclusive. The reporting person undertakes to provide to Global Partners LP, any security holder of Global Partners LP, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of common units purchased at each separate price within the ranges set forth in this footnote (5) to this Form 4.

F6: The price reported is a weighted average price. The common units shown on Line 4 in Column 4 were purchased in multiple transactions at prices ranging from $36.03 to $37.00, inclusive. The reporting person undertakes to provide to Global Partners LP, any security holder of Global Partners LP, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of common units purchased at each separate price within the ranges set forth in this footnote (6) to this Form 4.