SEC Form 4 · accession 0001556587-15-000006
CrossAmerica Partners LP · CAPL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joseph V. Topper Jr.
Officer — President and CEO · Director
Period of report
Mar 4, 2015
Accepted (ET)
Mar 9, 2015 · 12:45 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001538849
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Profits InterestsF1,F2 | — | Mar 4, 2015 | A | 10,997 | A | — | — | Common Units | 0 | 10,997 | D |
Explanation of responses
- F1These Profits Interests vested on March 4, 2015 and are represented by Class B Units of LGP Operations LLC, a wholly owned subsidiary of CrossAmerica Partners LP. These vested Class B Units are redeemable for CrossAmerica Partners LP common units beginning on the second anniversary of the grant date at a conversion ratio of not greater than 1:1.
- F2Represents Profits Interests under the Lehigh Gas Partners LP 2012 Incentive Award Plan issued to the reporting person for his services rendered to CrossAmerica Partners LP, from January 1, 2014 to September 30, 2014, as the President and Chief Executive Officer CEO) of the general partner of CrossAmerica Partners LP. The value of these profit interests on the date of grant was equal to the amount of cash the CEO would have received as base cash compensation on specified dates for the period beginning on January 1, 2014, and ending on September 30, 2014.