WATCHMAKER KENNETH I 4
4 · GLOBAL PARTNERS LP · Filed Aug 18, 2017
Insider Transaction Report
Form 4
WATCHMAKER KENNETH I
Director
Transactions
- Award
Phantom Units
2017-08-16+5,971→ 5,971 totalExercise: $0.00→ Common units representing limited partner interests (5,971 underlying)
Holdings
- 29,332
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 5,971 Phantom Units. Upon satisfying the vesting conditions set forth in said Grant Agreement, the Phantom Units cliff vest 100% on August 1, 2020.