|
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
|
| ||||||||||||||||||||||||||||||||||||||
|
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction 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 (Month/Day/Year) |
7. Title and Amount of Underlying Securities (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 (2) | $ 0 | 08/21/2009 | A | 22,046 | 12/31/2013(3) | 12/31/2013(3) | Common units | 22,046 | $ 0 | 22,046 | D | ||||
Phantom units (2) (4) | $ 0 | 10/14/2009 | M | 22,046 | 10/14/2009 | 10/14/2009 | Common units | 22,046 | $ 22.5 | 0 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Slifka Eric C/O GLOBAL PARTNERS LP 800 SOUTH STREET WALTHAM, MA 02454 |
X | President and CEO |
Edward J. Faneuil, Attorney-in-Fact for Eric Slifka | 10/16/2009 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | Acquisition of common units representing limited partner interests in Global Partners LP, in settlement of 25% of the phantom units that were granted to Mr. Eric Slifka pursuant to a Grant Agreement dated February 5, 2009 under the Global Partners LP Long-Term Incentive Plan, as a result of the satisfaction of certain early vesting conditions set forth in the Grant Agreement. See footnotes (3) and (4) below for additional information regarding the February 5, 2009 grant of phantom units to Mr. Slifka. |
(2) | Each phantom unit is the economic equivalent of one common unit of Global Partners LP. |
(3) | Pursuant to a Grant Agreement dated February 5, 2009, Mr. Slifka was granted 88,184 phantom units, subject to satisfaction of a performance goal set forth in the Grant Agreement. All of these phantom units will cliff vest on December 31, 2013, provided that the performance goal set forth in the Grant Agreement is satisfied. Notwithstanding the foregoing, the vesting of some or all of these phantom units may be accelerated under certain conditions set forth in the Grant Agreement. |
(4) | 22,046 of the phantom units that were granted to Mr. Slifka pursuant to a Grant Agreement dated February 5, 2009 vested on August 21, 2009 as a result of the satisfaction of certain early vesting conditions set forth in the Grant Agreement. |
Remarks: Remarks: Mr. Eric Slifka is a Director and the President and Chief Executive Officer of Global GP LLC, the general partner of Global Partners LP, the issuer. |