WATCHMAKER KENNETH I 4
4 · GLOBAL PARTNERS LP · Filed Jan 4, 2018
Insider Transaction Report
Form 4
WATCHMAKER KENNETH I
Director
Transactions
- Exercise/Conversion
Phantom units representing limited partner interests
2018-01-02−3,553→ 0 totalExercise: $0.00From: 2018-01-02Exp: 2018-01-02→ Common units representing limited partner interests (3,553 underlying) - Exercise/Conversion
Common units representing limited partner interests
2018-01-02$16.70/sh+3,553$59,335→ 32,885 total
Footnotes (4)
- [F1]Closing market price on December 29, 2017.
- [F2]Phantom units representing limited partner interests in Global Partners LP ("Phantom Units") convert into common units representing limited partner interests in Global Partners LP ("Common Units").
- [F3]Each Phantom Unit is the economic equivalent of one Common Unit.
- [F4]Pursuant to a Grant Agreement dated April 20, 2015, the Reporting Person was granted 10,659 Phantom Units. Upon satisfying the vesting conditions set forth in said Grant Agreement, the Phantom Units vest as follows: 33 1/3% each on January 2, 2016, January 2, 2017 and January 2, 2018.