Faneuil Edward J 4

4 · GLOBAL PARTNERS LP · Filed Aug 10, 2020

Form 4

Period: 2020-08-06

EVP and General Counsel

Transactions

Exercise/Conversion
Common units representing limited partner interests
2020-08-06+12,687→ 109,392 total
Exercise/Conversion
Phantom units
2020-08-01−12,687→ 38,060 total
Exercise: $0.00→ Common units representing limited partner interests (12,687 underlying)
Tax Payment
Common units representing limited partner interests
2020-08-06$10.70/sh−3,723$39,836→ 105,669 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 July 31, 2020.
[F4]Each Phantom Unit is the economic equivalent of one Common Unit.
[F5]Pursuant to a Grant Agreement dated August 16, 2017, the Reporting Person was granted 50,747 Phantom Units. Upon satisfying the vesting conditions set forth in said Grant Agreement, the Phantom Units vest as follows: 25% on August 1, 2020, 60% on August 1, 2021 and 100% on August 1, 2022.

Documents

1 file