John B. Reilly III - Jul 23, 2021 Form 4 Insider Report for CrossAmerica Partners LP (CAPL)

Role
Director, 10%+ Owner
Signature
/s/ Christina Casey-Best as Attorney in Fact for John B. Reilly, III
Stock symbol
CAPL
Transactions as of
Jul 23, 2021
Transactions value $
$0
Form type
4
Date filed
7/26/2021, 03:54 PM
Previous filing
Jul 26, 2021
Next filing
Jul 25, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CAPL Common Units Options Exercise +1.51K +7.94% 20.5K Jul 23, 2021 Direct F1, F2

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 CAPL Phantom Units Options Exercise -1.51K -31.7% 3.25K Jul 23, 2021 Common Units 1.51K Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each phantom unit was the economic equivalent of one common unit ("Common Unit") representing a limited partner interest in CrossAmerica Partners LP (the "Issuer"). The reporting person acquired Common Units upon vesting of the phantom units.
F2 As reported on the Form 4 filed on June 15, 2021, prior to this transaction, Mr. Reilly directly held 18,997 Common Units. In addition, as one of the two trustees of the 2008 Irrevocable Agreement of Trust of John B Reilly Jr. (the "Trust"), Mr. Reilly may be deemed to be the indirect beneficial owner of all of the 4,964,611 Common Units directly held by the Trust.
F3 Phantom units vested on July 23, 2021 and were converted to common units at the discretion of the Issuer.