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GLOBAL PARTNERS LP — Director's Dealing 2018
Jan 11, 2018
31828_dirs_2018-01-11_0fb7754f-829c-4744-ba56-6fad3bfcd7f8.zip
Director's Dealing
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SEC Form 3/A — Form 3/A
Issuer: GLOBAL PARTNERS LP (GLP)
CIK: 0001323468
Period of Report: 2018-01-01
Reporting Person: Spencer Matthew (Chief Accounting Officer)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common units representing limited partner interests | 899 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Phantom Units | $0 | Common units representing limited partner interests (1697) | Direct | ||
| Phantom Units | $0 | Common units representing limited partner interests (5253) | Direct | ||
| Phantom Units | $0 | Common units representing limited partner interests (11941) | 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: Pursuant to a Grant Agreement dated September 23, 2013, the Reporting Person was granted 2,546 Phantom Units. Upon satisfying the vesting conditions set forth in said Grant Agreement, the Phantom Units vest as follows: 33 1/3 each on July 1, 2017, July 1, 2018 and July 1, 2019.
F3: Each Phantom Unit converts into a Common Unit on a one-for-one basis.
F4: Pursuant to a Grant Agreement dated August 11, 2014, the Reporting Person was granted 5,253 Phantom Units. Upon satisfying the vesting conditions set forth in said Grant Agreement, the Phantom Units vest as follows: 33 1/3 each on August 1, 2018, August 1, 2019 and August 1, 2020.
F5: Pursuant to a Grant Agreement dated August 16, 2017, the Reporting Person was granted 11,941 Phantom Units. Upon satisfying the vesting conditions set forth in said Grant Agreement, the Phantom Units vest as follows: 25% on August 1, 2020, 35% on August 1, 2021 (such that a total of 60% of the Phantom Units will have vested as of such date) and 40% on August 1, 2022 (such that a total of 100% of the Phantom Units will have vested as of such date).