Slifka Andrew P. 4
4 · GLOBAL PARTNERS LP · Filed Jul 2, 2018
Insider Transaction Report
Form 4
Slifka Andrew P.
EVP of the GP of the Issuer
Transactions
- Exercise/Conversion
Phantom units representing limited partner interests
2018-07-01−9,846→ 9,845 totalExercise: $0.00→ Common units representing limited partner interests (9,846 underlying) - Exercise/Conversion
Common units representing limited partner interests
2018-07-01+9,846→ 512,280 total - Tax Payment
Common units representing limited partner interests
2018-07-02$17.05/sh−2,898$49,411→ 509,382 total
Footnotes (5)
- [F1]Each phantom unit representing the right to receive one Common Unit upon vesting ("Phantom Unit") converts into a common unit representing a limited partner interest in the Issuer ("Common Unit") on a one-for-one basis.
- [F2]Each Common Unit was withheld at the request of the Reporting Person to satisfy the tax withholding obligations of the Reporting Person.
- [F3]The Issuer's closing market price on June 29, 2018.
- [F4]Each Phantom Unit is the economic equivalent of one Common Unit.
- [F5]Pursuant to a Grant Agreement dated June 27, 2013, the Reporting Person was granted 29,537 Phantom Units. Upon satisfying the vesting conditions set forth in said Grant Agreement, the Phantom Units vest as follows: 33 1/3% on July 1, 2017, 66 2/3% on July 1, 2018 and 100% on July 1, 2019.