GLOBAL PARTNERS LP — Director's Dealing 2020

Aug 10, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GLOBAL PARTNERS LP (GLP)
CIK: 0001323468
Period of Report: 2020-08-06

Reporting Person: Spencer Matthew (Chief Accounting Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-08-06	Common units representing limited partner interests	M	4737	—	Acquired	9564	Direct
2020-08-06	Common units representing limited partner interests	F	1380	$10.70	Disposed	8184	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-08-01	Phantom units	$0	M	1751	Disposed		Common units representing limited partner interests (1751)	Direct
2020-08-01	Phantom units	$0	M	2986	Disposed		Common units representing limited partner interests (2986)	Direct

Footnotes

F1: Each phantom unit representing the right to receive one Common Unit upon vesting ("Phantom Unit") converts into a common unit representing a limited partner interest in the Issuer ("Common Unit") on a one-for-one basis.

F2: Each Common Unit was withheld at the request of the Reporting Person to satisfy the tax withholding obligations of the Reporting Person.

F3: The Issuer's closing market price on July 31, 2020.

F4: Each Phantom Unit is the economic equivalent of one Common Unit.

F5: 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% on August 1, 2018, 66 2/3% on August 1, 2019 and 100% on August 1, 2020, and 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, 60% on August 1, 2021 and 100% on August 1, 2022.