SEC Form 4 · accession 0001323468-17-000019
GLOBAL PARTNERS LP · GLP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Edward J Faneuil
Officer — EVP and General Counsel
Period of report
Jul 1, 2017
Accepted (ET)
Jul 5, 2017 · 8:56 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001323468
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common units representing limited partner interestsF1 | Jul 1, 2017 | M | 25,452 | $0.00 | A | 75,609 | D | |
| Common units representing limited partner interestsF2,F3 | Jul 1, 2017 | F | 9,786 | $18.05 | D | 65,823 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom UnitsF4,F1,F5 | $0.00 | Jul 1, 2017 | M | 25,452 | D | — | — | Common units representing limited partner interests | 25,452 | 50,904 | D |
Explanation of responses
- F1Each 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.
- F2Each Common Unit was withheld at the request of the Reporting Person to satisfy the tax withholding obligations of the Reporting Person.
- F3The Issuer's closing market price on June 30, 2017.
- F4Each Phantom Unit is the economic equivalent of one Common Unit.
- F5Pursuant to a Grant Agreement dated June 27, 2013, the Reporting Person was granted 76,356 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.
Remarks
Remarks: Mr. Edward J. Faneuil is the Executive Vice President and General Counsel of Global GP LLC, the general partner of Global Partners LP, the Issuer.