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: 2020-08-07

Reporting Person: WATCHMAKER KENNETH I (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-08-07	Common units representing limited partner interests	M	5971	$10.7	Acquired	38856	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-08-01	Phantom units representing limited partner interests	$0	M	5971	Disposed		Common units representing limited partner interests (5971)	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: The Issuer's closing market price on July 31, 2020.

F3: Each Phantom Unit is the economic equivalent of one Common Unit.

F4: Pursuant to a Grant Agreement dated August 16, 2017, the Reporting Person was granted 5,971 Phantom Units. Upon satisfying the vesting conditions set forth in said Grant Agreement, the Phantom Units vested 100% on
August 1, 2020.