Gregory B. Hanson - Sep 1, 2021 Form 3 Insider Report for GLOBAL PARTNERS LP (GLP)

Role
Chief Financial Officer
Signature
By: Amy J. Gould, Attorney-in-Fact for Gregory B. Hanson
Stock symbol
GLP
Transactions as of
Sep 1, 2021
Transactions value $
$0
Form type
3
Date filed
10/6/2021, 04:31 PM
Next filing
Aug 5, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding GLP Common units representing limited partner interests 9.64K Sep 1, 2021 Direct

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
holding GLP Phantom Units Sep 1, 2021 Common units representing limited partner interests 2.39K $0.00 Direct F1, 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") is the economic equivalent of one common unit representing a limited partner interest in the Issuer ("Common Unit") upon vesting.
F2 Pursuant to a Grant Agreement dated August 16, 2017, the Reporting Person was granted 5,971 Phantom Units. Upon satisfying the vesting conditions set forth in said Grant Agreement, the Phantom Units vest as follows: 25% on August 1, 2020, 35% on August 1, 2021 (such that a total of 60% of the Phantom Units will have vested as of such date) and 40% on August 1, 2022 (such that a total of 100% of the Phantom Units will have vested as of such date).
F3 Each Phantom Unit converts into a Common Unit on a one-for-one basis.