Faneuil Edward J 4
4 · GLOBAL PARTNERS LP · Filed Aug 18, 2017
Insider Transaction Report
Form 4
Faneuil Edward J
EVP and General Counsel
Transactions
- Award
Phantom Units
2017-08-16+50,747→ 50,747 totalExercise: $0.00→ Common units representing limited partner interests (50,747 underlying)
Holdings
- 65,823
Common units representing limited partner interests
Footnotes (3)
- [F1]Each phantom unit representing the right to receive one common unit upon vesting ("Phantom Unit") is the economic equivalent of one common unit representing a limited partner interest in the Issuer ("Common Unit") upon vesting.
- [F2]Each Phantom Unit converts into a Common Unit on a one-for-one basis.
- [F3]Pursuant to a Grant Agreement dated August 16, 2017, the Reporting Person was granted 50,747 Phantom Units. Upon satisfying the vesting conditions set forth in said Grant Agreement, the Phantom Units vest as follows: 25% on August 1, 2020, 60% on August 1, 2021 and 100% on August 1, 2022.