MCKOWN DAVID K 4
4 · GLOBAL PARTNERS LP · Filed Jan 4, 2018
Insider Transaction Report
Form 4
MCKOWN DAVID K
Director
Transactions
- Disposition to Issuer
Common units representing limited partner interests
2018-01-02$16.70/sh−3,553$59,335→ 10,572 total - Exercise/Conversion
Common units representing limited partner interests
2018-01-02+3,553→ 14,125 total - 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)
Footnotes (4)
- [F1]Pursuant to a Grant Agreement dated September 18, 2015, the Reporting Person was granted 10,659 phantom units representing limited partner interests in Global Partners LP ("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 and shall be paid in cash payments equal to the Fair Market Value of one common unit representing limited partner interests in Global Partners LP ("Common Unit") on the day immediately preceding the payment date for each Phantom Unit that is to be settled.
- [F2]Closing market price on December 29, 2017.
- [F3]Each Phantom Unit is the economic equivalent of one Common Unit.
- [F4]Phantom Units convert into Common Units on a one-for-one basis.