SEC Form 4 · accession 0001323468-18-000024
GLOBAL PARTNERS LP · GLP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
Edward J Faneuil
Officer — Chief Accounting Officer
Period of report
Jul 1, 2018
Accepted (ET)
Jul 2, 2018 · 3:25 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, 2018 | M | 849 | $0.00 | A | 1,748 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom UnitsF2,F1,F3 | $0.00 | Jul 1, 2018 | M | 849 | D | — | — | Common units representing limited partner interests | 849 | 848 | 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 Phantom Unit is the economic equivalent of one Common Unit.
- F3Pursuant to a Grant Agreement dated September 23, 2013, the Reporting Person was granted 2,546 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. Matthew Spencer is the Chief Accounting Officer of Global GP LLC, the general partner of Global Partners LP, the Issuer.