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Form 3 GLOBAL PARTNERS LP For: Jan 01 Filed by: Spencer Matthew

January 10, 2018 3:52 PM
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person *
Spencer Matthew
(Last) (First) (Middle)
C/O GLOBAL PARTNERS LP
800 SOUTH STREET, SUITE 500
(Street)
WALTHAM MA 02453
(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
01/01/2018 		3. Issuer Name and Ticker or Trading Symbol
GLOBAL PARTNERS LP [ GLP ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Accounting Officer
 5. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common units representing limited partner interests 899
D
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Phantom Units (1) (2) (2) Common units representing limited partner interests 1,697 0 (3) D
Phantom Units (1) (4) (4) Common units representing limited partner interests 5,253 0 (3) D
Phantom Units (1) (5) (5) Common units representing limited partner interests 11,941 0 (3) D
Explanation of Responses:
1. Each phantom unit representing the right to receive one common unit upon vesting ("Phantom Unit") is the economic equivalent of one common unit representing a limited partner interest in the Issuer ("Common Unit") upon vesting.
2. Pursuant to a Grant Agreement dated September 23, 2013, the Reporting Person was granted 2,546 Phantom Units. Upon satisfying the vesting conditions set forth in said Grant Agreement, the Phantom Units vest as follows: 33 1/3 each on July 1, 2017, July 1, 2018 and July 1, 2019.
3. Each Phantom Unit converts into a Common Unit on a one-for-one basis.
4. Pursuant to a Grant Agreement dated August 11, 2014, the Reporting Person was granted 5,253 Phantom Units. Upon satisfying the vesting conditions set forth in said Grant Agreement, the Phantom Units vest as follows: 33 1/3 each on August 1, 2018, August 1, 2019 and August 1, 2020.
5. 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 vest as follows: 25% on August 1, 2020, 35% on August 1, 2021 (such that a total of 60% of the Phantom Units will have vested as of such date) and 40% on August 1, 2022 (such that a total of 100% of the Phantom Units will have vested as of such date).
Edward J. Faneuil, Attorney-in-Fact for Matthew Spencer 01/10/2018
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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 Number.

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