Jaime Pereira - Oct 14, 2022 Form 4 Insider Report for GLOBAL PARTNERS LP (GLP)

Role
Director
Signature
Amy J. Gould, Attorney-in-Fact for Jaime Pereira
Stock symbol
GLP
Transactions as of
Oct 14, 2022
Transactions value $
$162,209
Form type
4
Date filed
1/6/2023, 04:26 PM
Previous filing
Oct 11, 2022
Next filing
Aug 24, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GLP Common units representing limited partner interests Options Exercise $162K +4.68K +936% $34.66 5.18K Jan 4, 2023 Direct F1, F3
holding GLP Common units representing limited partner interests 2K Oct 14, 2022 By the Cynthia A. Pereira Revocable Trust dated April 30,2014
holding GLP Common units representing limited partner interests 400 Oct 14, 2022 Beneficially owned units are held by the Reporting Person's spouse.

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction GLP Phantom Units Award $0 +4.68K $0.00 4.68K Oct 14, 2022 Common units representing limited partner interests 4.68K $0.00 Direct F2, F3
transaction GLP Phantom Units Options Exercise $0 -4.68K -100% $0.00* 0 Jan 4, 2023 Common Units representing limited partner interests 4.68K $0.00 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 Each Phantom Unit is the economic equivalent of one Common Unit.
F3 Pursuant to a Grant Agreement dated October 14, 2022, the Reporting Person was granted 4,680 Phantom Units. Upon satisfying the vesting conditions set forth in said Grant Agreement, the Phantom Units vested 100% on January 1, 2023.