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GLOBAL PARTNERS LP — Director's Dealing 2022
Aug 5, 2022
31828_dirs_2022-08-05_d36aa74e-8b00-4b0f-ae17-a80243e751b9.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: 2022-06-08
Reporting Person: Hanson Gregory B. (Chief Financial Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2022-08-04 | Common units representing limited partner interests | M | 2388 | — | Acquired | 12023 | Direct |
| 2022-08-04 | Common units representing limited partner interests | F | 700 | $27.78 | Disposed | 11323 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2022-01-01 | Phantom Units | $0 | A | 13807 | Acquired | Common units representing limited partner interests (13807) | Direct | |
| 2022-08-04 | Phantom Units | $0 | M | 2388 | Disposed | Common Units representing limited partner interests (2388) | 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"), or an equivalent amount of cash, 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 29, 2022 (the last business date immediately prior to vesting).
F4: Each Phantom Unit is the economic equivalent of one Common Unit.
F5: Pursuant to a Grant Agreement dated June 8, 2022, the Reporting Person was granted 13,807 Phantom Units. Upon satisfying the vesting conditions set forth in said Grant Agreement, the Phantom Units vest as follows: One-Third on January 1, 2023, One-Third on January 1, 2024 and One-Third on January 1, 2025.
F6: 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 cumulatively vested as follows: 25% on August 1, 2020, 60% on August 20, 2021 and 100% on August 1, 2022.