GLOBAL PARTNERS LP 4
4 · GLOBAL PARTNERS LP · Filed Mar 31, 2015
Insider Transaction Report
Form 4
Slifka Richard
Director10% Owner
Transactions
- Discretionary Transaction
Common units representing limited partner interests
2015-03-23−5,850,000→ 0 total(indirect: See Note) - Discretionary Transaction
Common units representing limited partner interests
2015-03-27$35.75/sh−361,895$12,937,746→ 613,105 total
Footnotes (3)
- [F1]Represents the number of common units representing limited partner interets ("Common Units") sold pursuant to an underwriting agreement ("Underwriting Agreement") dated March 23, 2015, entered into by the Issuer, Global Operating LLC, a Delaware limited liability company and subsidiary of the Issuer, Global GP LLC, a Delaware limited liability company and the general partner of the Issuer, certain selling unitholders (including the Reporting Person) named therein and Barclays Capital Inc. On March 23, 2015, all Common Units owned by AE Holdings Corp., a Massachusetts corporation ("AEHC") were distributed to its stockholders as part of a plan of liquidation and dissolution of AEHC dated March 23, 2015 ("Plan of Liquidation"). According to the Plan of Liquidation, Mr. Richard Slifka received 975,000 Common Units.
- [F2]Represents the net price received by the Reporting Person of each Common Unit sold pursuant to the Underwriting Agreement.
- [F3]Prior to March 23, 2015, Mr. Richard Slifka, Mr Eric Slifka and the Estate of Mr. Alfred Slifka shared voting and investment power with respect to the Common Units owned by AEHC and, therefore, were deemed to beneficially own the Common Units held by AEHC. On March 23, 2015, when the Common Units then held by AEHC were distributed to AEHC's stockholders pursuant to the Plan of Liquidation, Mr. Richard Slifka, Eric Slifka and the Estate of Alfred Slifka ceased to exercise share voting and investment power over Common Units owned by AEHC.