Bruce A. Jones - 01 Jul 2021 Form 4 Insider Report for PBF Logistics LP

Role
Director
Signature
/s/ Bruce Jones by Trecia Canty as Attorney-in-Fact
Issuer symbol
N/A
Transactions as of
01 Jul 2021
Net transactions value
$0
Form type
4
Filing time
02 Jul 2021, 13:24:35 UTC
Previous filing
04 Jun 2021
Next filing
12 Jan 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PBFX Common Units representing limited partner interest Options Exercise $0 +1,313 +4.6% $0.000000 29,677 01 Jul 2021 Direct

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 PBFX Phantom Unit Options Exercise -1,313 -25% 3,940 01 Jul 2021 Common Unit Representing LP interest 1,313 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each phantom unit with distribution equivalent rights ("DER"), represents a contingent right to receive one common unit representing a limited partner interest in the Issuer or, at the election of the Board of Directors of PBF Logistics GP LLC, cash or a combination of the two. DERs shall be settled in cash.
F2 The remaining phantom units will vest in three equal annual installments beginning on July 1, 2022.