Mickey Kim - Jul 23, 2021 Form 4 Insider Report for CrossAmerica Partners LP (CAPL)

Role
Director
Signature
/s/ Christina Casey-Best as Attorney-in-Fact for Mickey Kim
Stock symbol
CAPL
Transactions as of
Jul 23, 2021
Transactions value $
$0
Form type
4
Date filed
7/26/2021, 04:09 PM
Previous filing
Jul 26, 2021
Next filing
Aug 16, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CAPL Common Units Options Exercise $0 +4.1K +34.82% $0.00 15.9K Jul 23, 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
transaction CAPL Phantom Units Options Exercise $0 -4.1K -55.78% $0.00 3.25K Jul 23, 2021 Common Units 4.1K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each phantom unit is the economic equivalent of one common unit ("Common Unit") representing a limited partner interest in CrossAmerica Partners L.P. and is accompanied by tandem distribution equivalent rights that entitle the holder to cash payments equal to the amount of distributions authorized to be paid to the holders of Common Units.
F2 The phantom units will vest in one annual installment on the first anniversary of the grant date, provided the reporting person was in continuous service as a director to the Issuer as of the vesting date, and when vested will be converted into either cash or common units, at the discretion of the Issuer.