Statement of Changes in Beneficial Ownership (4)
August 06 2021 - 2:04PM
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
|
OMB APPROVAL
OMB Number:
3235-0287
Estimated average burden hours per response...
0.5
|
|
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
|
|
1. Name and Address of Reporting Person
*
Slifka Andrew P. |
2. Issuer Name and Ticker or Trading Symbol
GLOBAL PARTNERS LP
[
GLP
]
|
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Executive Vice President |
(Last)
(First)
(Middle)
C/O GLOBAL PARTNERS LP, 800 SOUTH STREET, SUITE 500 |
3. Date of Earliest Transaction
(MM/DD/YYYY)
8/4/2021 |
(Street)
WALTHAM, MA 02453
(City)
(State)
(Zip)
|
4. If Amendment, Date Original Filed
(MM/DD/YYYY)
|
6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
|
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
|
1.Title of Security (Instr. 3)
|
2. Trans. Date
|
2A. Deemed Execution Date, if any
|
3. Trans. Code (Instr. 8)
|
4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
|
5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
|
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
|
7. Nature of Indirect Beneficial Ownership (Instr. 4)
|
Code
|
V
|
Amount
|
(A) or (D)
|
Price
|
Common units representing limited partner interests | 8/4/2021 | | M | | 12016 | A | $0 (1) | 534416 | D | |
Common units representing limited partner interests | 8/4/2021 | | F | | 5328 (2) | D | $26.81 (3) | 529088 | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
|
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 |
Phantom units (4) | $0 (1) | 8/4/2020 | | M | | | 12016 | (5) | (5) | Common units representing limited partner interests | 12016 | $0 | 13730 | D | |
Explanation of Responses: |
(1) | Each 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. |
(2) | Each Common Unit was withheld at the request of the Reporting Person to satisfy the tax withholding obligations of the Reporting Person. |
(3) | The Issuer's closing market price on July 30, 2021 (the date immediately prior to vesting). |
(4) | Each Phantom Unit is the economic equivalent of one Common Unit. |
(5) | Pursuant to a Grant Agreement dated August 16, 2017, the Reporting Person was granted 34,329 Phantom Units. Upon satisfying the vesting conditions set forth in said Grant Agreement, the Phantom Units cumulatively vest as follows: 25% on August 1, 2020, 60% on August 1, 2021 and 100% on August 1, 2022. |
Remarks: REMARKS: Mr. Andrew P. Slifka is a Director, an Executive Vice President and the President, Gasoline Distribution and Station Operations, of Global GP LLC, the general partner of Global Partners LP, the Issuer. |
Reporting Owners
|
Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Slifka Andrew P. C/O GLOBAL PARTNERS LP 800 SOUTH STREET, SUITE 500 WALTHAM, MA 02453 | X |
| Executive Vice President |
|
Signatures
|
Amy J. Gould, Attorney-in-Fact for Andrew P. Slifka | | 8/6/2021 |
**Signature of Reporting Person | Date |
Global Partners (NYSE:GLP-A)
Historical Stock Chart
From Jun 2024 to Jul 2024
Global Partners (NYSE:GLP-A)
Historical Stock Chart
From Jul 2023 to Jul 2024