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Filing Details

Accession Number:: 0001562039-15-000106
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2015-10-13 16:38:55
Reporting Period:: 2015-10-09

Filing Date:: 2015-10-13
Accepted Time:: 2015-10-13 16:38:55
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1538849	Crossamerica Partners Lp	CAPL	Wholesale-Petroleum & Petroleum Products (No Bulk Stations) (5172)	454165414

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
1562039	Cst Brands, Inc.	One Valero Way, Bldg D, Suite 200 San Antonio TX 78249	No	No	Yes	No
1586471	Cst Services Llc	One Valero Way Building D, Suite 200 San Antonio TX 78249	No	No	Yes	No
1586474	Cst Usa Inc.	One Valero Way Building D, Suite 200 San Antonio TX 78249	No	No	Yes	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Units	Acquisiton	2015-10-09	10,000	$26.58	5,547,682	No	4	P	Indirect	See Footnote
Common Units	Acquisiton	2015-10-09	114,256	$23.36	5,661,938	No	4	J	Indirect	See Footnote
Common Units	Acquisiton	2015-10-12	10,000	$26.68	5,671,938	No	4	P	Indirect	See Footnote
Common Units	Acquisiton	2015-10-13	10,000	$26.35	5,681,938	No	4	P	Indirect	See Footnote

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	See Footnote
No	4	J	Indirect	See Footnote
No	4	P	Indirect	See Footnote
No	4	P	Indirect	See Footnote

Footnotes

Pursuant to a unit purchase program under Rule 10b-18 of the Securities Exchange Act of 1934, as amended, approved by the independent executive committee of the Board of Directors of CST Brands, Inc. ("CST"), authorizing CST and its subsidiaries to purchase up to an aggregate of $50 million of common units of CrossAmerica Partners LP (the "Common Units"), CST Services LLC ("CST Services"), a direct wholly owned subsidiary of CST USA Inc. ("CST USA"), a direct wholly owned subsidiary of CST, purchased the Common Units reported in this Form 4 pursuant to a Rule 10b5-1 trading plan adopted by CST Services adopted on September 18, 2015.
CST and CST USA are indirect beneficial owners of the Common Units held by CST Services.
Pursuant to that certain Amended and Restated Omnibus Agreement by and among CrossAmerica Partners LP, a Delaware limited partnership (the "Partnership"), CrossAmerica GP LLC, a Delaware limited liability company and the general partner of the Partnership (the "General Partner"), Lehigh Gas Corporation, a Delaware corporation, CST Services LLC, a Delaware limited liability company ("CST Services"), and Joseph V. Topper, Jr. (the "Omnibus Agreement"), the Partnership is required to pay to CST Services a management fee for providing services to the Partnership (the "Management Fee"). On July 10, 2015, the board of directors of the General Partner, based on the approval and recommendation of the independent conflicts committee of the General Partner, determined it in the best interests of the Partnership to pay the Management Fee to CST Services in newly issued common units representing limited partner interests in the Partnership ("Common Units") in lieu of cash.
The price of the acquired Common Units was determined using a 20-day trailing volume weighted average price ending on the business day prior to October 9, 2015, the date of the quarterly invoice issued by CST to the Partnership under the Omnibus Agreement.