GLOBAL PARTNERS LP — Director's Dealing 2021

Aug 9, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GLOBAL PARTNERS LP (GLP)
CIK: 0001323468
Period of Report: 2021-08-05

Reporting Person: Slifka Eric (Director, Vice Chairman, President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-08-05	Common units representing limited partner interests	M	57323	—	Acquired	803429	Direct
2021-08-05	Common units representing limited partner interests	F	25422	$26.81	Disposed	778007	Direct
2021-03-02	Common units representing limited partner interests	J	43650	—	Acquired	704079	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-08-05	Phantom units	$0	M	57323	Disposed		Common units representing limited partner interests (57323)	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 30, 2021 (the date immediately prior to vesting).

F4: On March 2, 2021, an additional 43,650 common units representing limited partner interests in the Issuer ("Common Units") were transferred to trusts for the benefit of Max Slifka (the "Max Slifka Trust"), Colby Slifka (the "Colby Slifka Trust"), and Claudia Slifka (the "Claudia Slifka Trust"). The Reporting Person is the sole trustee of the Max Slifka Trust, the Colby Slifka Trust, and the Claudia Slifka Trust, which are trusts in which a member of the Reporting Person's immediate family is the beneficiary.

F5: Each Phantom Unit is the economic equivalent of one Common Unit.

F6: 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 cumulatively vest as follows: 25% on August 1, 2020, 60% on August 20, 2021 and 100% on August 1, 2022.