4//SEC Filing
CST BRANDS, LLC 4
Accession 0001278166-18-000012
CIK 0001538849operating
Filed
May 21, 8:00 PM ET
Accepted
May 22, 11:57 AM ET
Size
12.4 KB
Accession
0001278166-18-000012
Insider Transaction Report
Form 4
CIRCLE K STORES INC
10% Owner
Transactions
- Other
Common Units
2018-05-21$21.26/sh+155,236$3,300,007→ 7,486,131 total(indirect: See Footnote)
CST USA INC.
10% Owner
Transactions
- Other
Common Units
2018-05-21$21.26/sh+155,236$3,300,007→ 7,486,131 total(indirect: See Footnote)
CST Services LLC
10% Owner
Transactions
- Other
Common Units
2018-05-21$21.26/sh+155,236$3,300,007→ 7,486,131 total(indirect: See Footnote)
CST BRANDS, INC.
10% Owner
Transactions
- Other
Common Units
2018-05-21$21.26/sh+155,236$3,300,007→ 7,486,131 total(indirect: See Footnote)
Footnotes (5)
- [F1]Circle K Stores Inc. ("Circle K") indirectly owns 100% of CST Brands, LLC ("CST"), the owner of CST USA Inc. ("CST USA"), which is the parent of CST Services LLC ("CST Services"). As a result, Circle K is deemed the beneficial owner of the CrossAmerica Partners LP (the "Partnership") common units owned by CST Services.
- [F2]Pursuant to that certain Amended and Restated Omnibus Agreement (the "Omnibus Agreement") by and among the Partnership, CrossAmerica GP LLC, a Delaware limited liability company and general partner of the Partnership (the "General Partner"), Lehigh Gas Corporation, a Delaware corporation, CST Services, a Delaware limited liability company, and Joseph V. Topper, Jr., the Partnership is required to pay to CST Services a management fee for providing services to the Partnership (the "Management Fee").
- [F3]The board of directors of the General Partner, based on the approval and recommendation of the independent conflicts committee of the General Partner, determined it is in the best interests of the Partnership to pay the Management Fee to CST Services in whole or in part in newly issued common units representing limited partner interests in the Partnership ("Common Units") in lieu of cash.
- [F4]Pursuant to the Omnibus Agreement, the price of the acquired Common Units was determined using a 20-day trailing volume weighted average price ending on the business day prior to the quarterly invoice date of May 2, 2018.
- [F5]CST and CST USA are indirect beneficial owners of the Common Units held by CST Services.
Documents
Issuer
CrossAmerica Partners LP
CIK 0001538849
Entity typeoperating
Related Parties
1- filerCIK 0001562039
Filing Metadata
- Form type
- 4
- Filed
- May 21, 8:00 PM ET
- Accepted
- May 22, 11:57 AM ET
- Size
- 12.4 KB