Form 4 for GLP GLOBAL PARTNERS LP
Accepted 2021-08-06 00:00:00 ET · period of report 2021-08-04 · accession 0001323468-21-000027 · 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 | 2021-08-06 | 2021-08-04 | GLP | Spencer Matthew | CAO | F - Tax | $26.81 | -1,225 | 11.1K | -10% | -$32.8K |
| D | 2021-08-06 | 2021-08-04 | GLP | Spencer Matthew | CAO | M - OptEx | $0.00 | +4,180 | 12.4K | +51% | $0 |
| D | 2021-08-06 | 2021-08-04 | GLP | Spencer Matthew | CAO | M - OptEx | $0.00 | -4,180 | 4,775 | -47% | $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 | 2021-08-04 | F | D | 1,225 | $26.81 | 11,139 | 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 30, 2021 (the date immediately prior to vesting). |
| 2 | Common | Common units representing limited partner interests | 2021-08-04 | M | A | 4,180 | $0.00 | 12,364 | D | — | — | (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 | 2021-08-04 | M | D | 4,180 | $0.00 | 4,775 | D | $0.00 · — to — | 4,180 Common units representing limited partner interests | (F4) 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. (F5) Pursuant to a Grant Agreement dated August 16, 2017, the Reporting Person was granted 11,941 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 1, 2021 and 100% on August 1, 2022. |