GLOBAL PARTNERS LP — Director's Dealing 2017

Aug 19, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GLOBAL PARTNERS LP (GLP)
CIK: 0001323468
Period of Report: 2017-08-16

Reporting Person: MCKOWN DAVID K (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-08-16	Phantom Units	$0	A	4777	Acquired		Common units representing limited partner interests (4777)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common units representing limited partner interests	10572	Direct

Footnotes

F1: Each phantom unit representing the right to receive one common unit upon vesting ("Phantom Unit") is the economic equivalent of one common unit representing a limited partner interest in the Issuer ("Common Unit") upon vesting.

F2: Each Phantom Unit converts into a Common Unit on a one-for-one basis.

F3: Pursuant to a Grant Agreement dated August 16, 2017, the Reporting Person was granted 4,777 Phantom Units. Upon satisfying the vesting conditions set forth in said Grant Agreement, the Phantom Units cliff vest 100% on August 1, 2020 and shall be paid via a cash payment equal to the Fair Market Value of one Common Unit on the day immediately preceding the payment date for each Phantom Unit that is to be settled.