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GLOBAL PARTNERS LP — Director's Dealing 2018
Jan 4, 2018
31828_dirs_2018-01-04_5852d989-b42d-446f-874e-39da7f3e1f5b.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: 2018-01-02
Reporting Person: WATCHMAKER KENNETH I (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2018-01-02 | Common units representing limited partner interests | M | 3553 | $16.70 | Acquired | 32885 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2018-01-02 | Phantom units representing limited partner interests | $0 | M | 3553 | Disposed | 2018-01-02 | Common units representing limited partner interests (3553) | Direct |
Footnotes
F1: Closing market price on December 29, 2017.
F2: Phantom units representing limited partner interests in Global Partners LP ("Phantom Units") convert into common units representing limited partner interests in Global Partners LP ("Common Units").
F3: Each Phantom Unit is the economic equivalent of one Common Unit.
F4: Pursuant to a Grant Agreement dated April 20, 2015, the Reporting Person was granted 10,659 Phantom Units. Upon satisfying the vesting conditions set forth in said Grant Agreement, the Phantom Units vest as follows: 33 1/3% each on January 2, 2016, January 2, 2017 and January 2, 2018.