Form 4 for GLP GLOBAL PARTNERS LP
Accepted 2022-08-05 00:00:00 ET · period of report 2022-03-21 · accession 0001062993-22-017349 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2022-08-05 | 2022-08-02 | GLP | Slifka Eric | Pres, CEO, Vice COB, Dir | F - Tax | $27.78 | -29.1K | 814.5K | -3% | -$807.1K |
| DI | 2022-08-05 | 2022-03-21 | GLP | Slifka Eric | Pres, CEO, Vice COB, Dir | J - Other | $0.00 | +67.1K | 206.2K | +48% | $0 |
| D | 2022-08-05 | 2022-08-02 | GLP | Slifka Eric | Pres, CEO, Vice COB, Dir | M - OptEx | $0.00 | +65.5K | 843.5K | +8% | $0 |
| D | 2022-08-05 | 2022-06-08 | GLP | Slifka Eric | Pres, CEO, Vice COB, Dir | A - Grant | $0.00 | +69.0K | 134.5K | +105% | $0 |
| D | 2022-08-05 | 2022-08-02 | GLP | Slifka Eric | Pres, CEO, Vice COB, Dir | M - OptEx | $0.00 | +65.5K | 69.0K | +1,860% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common units representing limited partner interests | 2022-08-02 | F | D | 29,054 | $27.78 | 814,465 | D | — | — | (F2) Each Common Unit was withheld at the request of the Reporting Person to satisfy the tax withholding obligations of the Reporting Person. (F3) The Issuer's closing market price on July 29, 2022 (the last business date immediately prior to vesting). |
| 2 | Common | Common units representing limited partner interests | 2022-03-21 | J | A | 67,123 | $0.00 | 206,218 | I | — | — | (F4) On March 21, 2022, an additional 67,123 common units representing limited partner interests in the Issuer ("Common Units") were transferred to trusts for the benefit of Max Slifka (the "Max Slifka Trust"), Colby Slifka (the "Colby Slifka Trust"), and Claudia Slifka (the "Claudia Slifka Trust").The Reporting Person is the sole trustee of the Max Slifka Trust, the Colby Slifka Trust, and the Claudia Slifka Trust, which are trusts in which a member of the Reporting Person's immediate family is the beneficiary. The Reporting Person disclaims beneficial ownership to the extent it exceeds his pecuniary interest. |
| 3 | Common | Common units representing limited partner interests | 2022-08-02 | M | A | 65,512 | $0.00 | 843,519 | D By family trusts | — | — | (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"), or an equivalent amount of cash, on a one-for-one basis. |
| 4 | Derivative | Phantom Units | 2022-06-08 | A | A | 69,034 | $0.00 | 134,546 | D | $0.00 · — to — | 69,034 Common units representing limited partner interests | (F6) Each Phantom Unit is the economic equivalent of one Common Unit. (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"), or an equivalent amount of cash, on a one-for-one basis. (F7) Pursuant to a Grant Agreement dated August 16, 2017, the Reporting Person was granted 163,780 Phantom Units. Upon satisfying the vesting conditions set forth in said Grant Agreement, the Phantom Units cumulatively vest as follows: 25% on August 1, 2020, 60% on August 20, 2021 and 100% on August 1, 2022. |
| 5 | Derivative | Phantom Units | 2022-08-02 | M | A | 65,512 | $0.00 | 69,034 | D | $0.00 · — to — | 65,512 Common Units representing limited partner interests | (F6) Each Phantom Unit is the economic equivalent of one Common Unit. (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"), or an equivalent amount of cash, on a one-for-one basis. (F8) Pursuant to a Grant Agreement dated June 8, 2022, the Reporting Person was granted 69,034 Phantom Units. Upon satisfying the vesting conditions set forth in said Grant Agreement, the Phantom Units vested as follows: One-Third on January 1, 2023, One-Third on January 1, 2024 and One-Third on January 1, 2025. |