CIRCLE K STORES INC 4
4 · CrossAmerica Partners LP · Filed Nov 21, 2019
Insider Transaction Report
Form 4
CIRCLE K STORES INC
10% Owner
Transactions
- Sale
Common Units
2019-11-19$18.63/sh−7,486,131$139,466,621→ 7,486,131 total(indirect: See Footnote)
Footnotes (2)
- [F1]1.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 as of November 19, 2019, was deemed to be the beneficial owner of the common units of the issuer owned by CST Services.
- [F2]2.On November 19, 2019 CST ("Seller"), CST GP, LLC, CST Brands Holdings, LLC, certain subsidiaries of Seller (collectively, the "Seller Group"), Lehigh Gas GP Holdings LLC (the "GP Buyer"), Dunne Manning CAP Holdings II LLC (the "IDR Buyer"), and Dunne Manning Cap Holdings I LLC (the "LP Buyer" and collectively with the GP Buyer and the IDR Buyer, the "Buyers") entered into a Securities Purchase Agreement (the "SPA") pursuant to which the Seller group sold an aggregate of 7,486,131 Common Units to the Buyers.