John B. Reilly III - 23 Jul 2021 Form 4 Insider Report for CrossAmerica Partners LP (CAPL)

Role: Director, 10%+ Owner
Signature: /s/ Christina Casey-Best as Attorney in Fact for John B. Reilly, III
Issuer symbol: CAPL
Transactions as of: 23 Jul 2021
Net transactions value: $0
Form type: 4
Filing time: 26 Jul 2021, 15:54:10 UTC
Previous filing: 26 Jul 2021
Next filing: 25 Jul 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CAPL	Common Units	Options Exercise		+1,509	+7.9%		20,506	23 Jul 2021	Direct	F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	CAPL	Phantom Units	Options Exercise		-1,509	-32%		3,252	23 Jul 2021	Common Units	1,509		Direct	F1, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each phantom unit was the economic equivalent of one common unit ("Common Unit") representing a limited partner interest in CrossAmerica Partners LP (the "Issuer"). The reporting person acquired Common Units upon vesting of the phantom units.
F2	As reported on the Form 4 filed on June 15, 2021, prior to this transaction, Mr. Reilly directly held 18,997 Common Units. In addition, as one of the two trustees of the 2008 Irrevocable Agreement of Trust of John B Reilly Jr. (the "Trust"), Mr. Reilly may be deemed to be the indirect beneficial owner of all of the 4,964,611 Common Units directly held by the Trust.
F3	Phantom units vested on July 23, 2021 and were converted to common units at the discretion of the Issuer.