Matthew C. Lucey - 26 Oct 2021 Form 4 Insider Report for PBF Logistics LP

Role: Executive Vice President, Director
Signature: /s/ Matthew Lucey by Trecia Canty as Attorney-in-Fact
Issuer symbol: N/A
Transactions as of: 26 Oct 2021
Net transactions value: -$26,784
Form type: 4
Filing time: 28 Oct 2021, 15:27:30 UTC
Next filing: 02 Nov 2021
SEC: View on sec.gov

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	+3,750	+4.7%	$0.000000	83,757	26 Oct 2021	Direct
transaction	PBFX	Common Unit representing limited partner interest	Tax liability	$26,784	-1,920	-2.3%	$13.95	81,837	26 Oct 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		-3,750	-25%		11,250	26 Oct 2021	Common Unit representing LP interest	3,750		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.