Trecia Canty - Oct 26, 2021 Form 4 Insider Report for PBF Logistics LP (PBFX)

Role
SVP & General Counsel
Signature
/s/ Trecia Canty
Stock symbol
PBFX
Transactions as of
Oct 26, 2021
Transactions value $
-$22,320
Form type
4
Date filed
10/28/2021, 03:22 PM
Next filing
Nov 2, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PBFX Common Unit representing limited partner interest Options Exercise $0 +3.13K +8.99% $0.00 37.9K Oct 26, 2021 Direct
transaction PBFX Common Unit representing limited partner interest Tax liability -$22.3K -1.6K -4.22% $13.95 36.3K Oct 26, 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 -3.13K -25% 9.38K Oct 26, 2021 Common Unit representing LP interest 3.13K 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 partnership 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 phantom units will vest in three equal annual installments beginning on October 26, 2022.