SEC Form 4/A · accession 0001556587-16-000031
CrossAmerica Partners LP · CAPL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 4/A). It replaces an earlier filing for the same period.
Reporting owner
Joseph V. Topper Jr.
Director · 10% Owner
Period of report
Mar 15, 2016
Accepted (ET)
Mar 30, 2016 · 12:58 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001538849
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common UnitsF1,F2,F3,F4 | Mar 15, 2016 | M | 3,742 | — | A | 19,288 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The Reporting Person acquired the reported securities as a result of the redemption by the Issuer of certain class B units ("Class B Units") in LGP Operations LLC ("LGP Operations"), a wholly owned subsidiary of the Issuer, owned by the Reporting Person. Each Class B Unit represents a profit interest in LGP Operations (the "Profit Interests"). The vested Profits Interests owned by the Reporting Person became eligible for redemption on March 15, 2016, pursuant to the award agreements related to the Profit Interests.
- F2As provided in the Amended and Restated Operating Agreement of LGP Operations LLC, dated March 4, 2014, as amended, prior to redemption, the Issuer elected to redeem the vested Profits Interests in exchange for common units of the Issuer on a one-to-one basis.
- F3The Profits Interests were issued to the Reporting Person under the Lehigh Gas Partners 2012 Long Term Incentive Plan on March 14, 2014 and vest in three equal annual installments beginning on March 15, 2015.
- F4This Form 4/A is being filed to correct the original Form 4 filed on March 16, 2016 (the "Original Form 4"). The Original Form 4 incorrectly reported the amount of securities owned following the reported transaction by Joseph V. Topper, Jr., directly, as 159,334. This Form 4/A correctly reports the amount of securities owned following the reported transaction by Joseph V. Topper, Jr., directly, as 23,030.