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GLOBAL PARTNERS LP — Director's Dealing 2017
Aug 18, 2017
31828_dirs_2017-08-18_16351738-965f-4d5b-a3ca-6aa028eeb8df.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: 2017-08-16
Reporting Person: Slifka Eric (Director, President and CEO)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2017-08-16 | Phantom Units | $0 | A | 163780 | Acquired | Common units representing limited partner interests (163780) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common units representing limited partner interests | 639177 | Direct |
| Common units representing limited partner interests | 564984 | Indirect |
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 163,780 Phantom Units. Upon satisfying the vesting conditions set forth in said Grant Agreement, the Phantom Units vest as follows: 25% on August 1, 2020, 60% on August 1, 2021 and 100% on August 1, 2022.