David C. Glendon - Nov 1, 2022 Form 4 Insider Report for Sprague Resources LP (SRLP)

Signature
/s/ Paul A. Scoff, as attorney-in-fact for David C. Glendon
Stock symbol
SRLP
Transactions as of
Nov 1, 2022
Transactions value $
-$2,173,180
Form type
4
Date filed
11/1/2022, 08:41 AM
Previous filing
Sep 19, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SRLP Common Units representing limited partner interests Disposed to Issuer -$2.17M -109K -100% $20.00 0 Nov 1, 2022 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

David C. Glendon is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 The Reporting Person ceased to beneficially own the common units representing limited partner interests ("Common Units") in the Issuer reported herein at the Effective Time (as defined below) of the merger (the "Merger") of Sparrow HP Merger Sub, LLC, a Delaware limited liability company ("Merger Sub"), with and into the Issuer, with the Issuer surviving the merger and continuing to exist as a Delaware limited partnership. The Merger was effected pursuant to the Agreement and Plan of Merger, dated as of June 2, 2022 (as amended by Amendment No. 1 thereto, dated August 31, 2022, the "Merger Agreement"), by and among the Issuer, Merger Sub and the other parties thereto. The Merger closed and was effective at 12:01 a.m., Eastern Time, on November 1, 2022 (the "Effective Time"). At the Effective Time, each Common Unit held by the Reporting Person immediately prior to the Merger converted into the right to receive $20.00 per Common Unit in cash without any interest thereon.