Statement of Changes in Beneficial Ownership (4)
August 05 2021 - 7:10PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Global GP LLC |
2. Issuer Name and Ticker or Trading Symbol
GLOBAL PARTNERS LP
[
GLP
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner _____ Officer (give title below) __X__ Other (specify below) General Partner |
(Last)
(First)
(Middle)
800 SOUTH STREET, SUITE 500 |
3. Date of Earliest Transaction
(MM/DD/YYYY)
8/3/2021 |
(Street)
WALTHAM, MA 02453
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common units representing limited partner interests | 8/3/2021 | | J | | 167348 (1) | D | $26.81 (2) | 0 (3)(4) | D | |
Common units representing limited partner interests | 8/3/2021 | | J | | 64161 (3) | A | $26.81 (2) | 64106 (4) | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Explanation of Responses: |
(1) | The Reporting Person is delivering common units representing limited partner interests in the Issuer ("Common Units") under the Global Partners LP Long-Term Incentive Plan ("LTIP") to satisfy its obligations pursuant to grant agreements dated August 16, 2017. |
(2) | The Issuer's closing market price on July 30, 2021 (the date immediately prior to vesting). |
(3) | On August 1, 2021, 167,348 Common Units vested under the LTIP. Prior to the Reporting Person's delivery of such vested Common Units, 64,161 Common Units were withheld at the request of those LTIP award recipients who had elected a cashless exercise to satisfy their respective tax obligations, leaving the Reporting Person with 64,106 beneficially owned Common Units. |
(4) | The Reporting Person disclaims any pecuniary interest in the Common Units and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of the Common Units for purposes of Section 16. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Global GP LLC 800 SOUTH STREET SUITE 500 WALTHAM, MA 02453 |
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| General Partner |
Signatures
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By: /s/ Amy J. Gould, Attorney-in-Fact for Global GP LLC | | 8/5/2021 |
**Signature of Reporting Person | Date |
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