Form 4 for GLP GLOBAL PARTNERS LP
Accepted 2023-01-06 00:00:00 ET · period of report 2023-01-04 · accession 0001062993-23-000656 · 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 | 2023-01-06 | 2023-01-04 | GLP | Spencer Matthew | CAO | F - Tax | $34.66 | -1,021 | 16.5K | -6% | -$35.4K |
| D | 2023-01-06 | 2023-01-04 | GLP | Spencer Matthew | CAO | M - OptEx | $0.00 | +2,959 | 17.5K | +20% | $0 |
| D | 2023-01-06 | 2023-01-04 | GLP | Spencer Matthew | CAO | M - OptEx | $0.00 | -2,959 | 5,917 | -33% | $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 | 2023-01-04 | F | D | 1,021 | $34.66 | 16,453 | D | — | — | (F2) Each Unit was withheld at the request of the Reporting Person to satisfy the tax withholding obligations of the Reporting Person. |
| 2 | Common | Common units representing limited partner interests | 2023-01-04 | M | A | 2,959 | $0.00 | 17,474 | D | — | — | (F4) Pursuant to a Grant Agreement dated June 8, 2022, the Reporting Person was granted 8,876 Phantom Units. Upon satisfying the vesting conditions set forth in said Grant Agreement, the Phantom Units cumulatively vested or will vest as follows: one-third on January 1, 2023, one-third on January 1, 2024 and one-third on January 1, 2025. (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") on a one-for-one basis. |
| 3 | Derivative | Phantom Units | 2023-01-04 | M | D | 2,959 | $0.00 | 5,917 | D | $0.00 · — to — | 2,959 Common units representing limited partner interests | (F3) 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") on a one-for-one basis. (F4) Pursuant to a Grant Agreement dated June 8, 2022, the Reporting Person was granted 8,876 Phantom Units. Upon satisfying the vesting conditions set forth in said Grant Agreement, the Phantom Units cumulatively vested or will vest as follows: one-third on January 1, 2023, one-third on January 1, 2024 and one-third on January 1, 2025. |