E. James Fedena - Apr 11, 2022 Form 3 Insider Report for PBF Energy Inc. (PBF)

Role: Senior Vice President
Signature: /s/ James Fedena by Trecia Canty as Attorney-in-Fact
Stock symbol: PBF
Transactions as of: Apr 11, 2022
Transactions value $: $0
Form type: 3
Date filed: 4/20/2022, 07:30 PM
Previous filing: Oct 28, 2021
Next filing: Apr 27, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	PBF	Class A Common Stock						9.51K	Apr 11, 2022	Direct
holding	PBF	Class A Common Stock						10.2K	Apr 11, 2022	see footnote	F1
holding	PBF	Class B Common Stock						1	Apr 11, 2022	Direct	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
holding	PBF	Series A Units of PBF Energy Company LLC							Apr 11, 2022	Class A Common Stock	45.6K		Direct	F3
holding	PBF	Warrants to purchase Series A Units, PBF Energy Company LLC							Apr 11, 2022	Class A Common Stock	2.4K	$10.00	Direct	F4
holding	PBF	Employee Stock Option (right to buy)							Apr 11, 2022	Class A Common Stock	20K	$26.00	Direct	F5
holding	PBF	Employee Stock Option (right to buy)							Apr 11, 2022	Class A Common Stock	20K	$29.00	Direct	F6
holding	PBF	Employee Stock Option (right to buy)							Apr 11, 2022	Class A Common Stock	20K	$31.32	Direct	F7
holding	PBF	Employee Stock Option (right to buy)							Apr 11, 2022	Class A Common Stock	12.5K	$24.18	Direct	F8
holding	PBF	Employee Stock Option (right to buy)							Apr 11, 2022	Class A Common Stock	25K	$29.66	Direct	F9
holding	PBF	Employee Stock Option (right to buy)							Apr 11, 2022	Class A Common Stock	12.5K	$35.30	Direct	F10
holding	PBF	Employee Stock Option (right to buy)							Apr 11, 2022	Class A Common Stock	16.5K	$27.86	Direct	F11
holding	PBF	Employee Stock Option (right to buy)							Apr 11, 2022	Class A Common Stock	22.2K	$6.72	Direct	F12
holding	PBF	Employee Stock Option (right to buy)							Apr 11, 2022	Class A Common Stock	12.1K	$13.91	Direct	F13

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

Explanation of Responses:

Id	Content
F1	Represents number of shares of Class A Common Stock acquired under PBF Energy Inc.'s 401(k) Plan as of April 11, 2022, per Vanguard records.
F2	The Class B Common Stock entitles the reporting person to one vote for each Series A Unit of PBF Energy Company LLC held by such reporting person.
F3	Pursuant to an exchange agreement the Series A Units of PBF Energy Company LLC are exchangeable at any time for shares of Class A Common Stock of PBF Energy Inc. on a one-for-one basis, subject to equitable adjustments for stock splits, stock dividends and reclassifications. As the reporting person exchanges the Series A Units of PBF Energy Company LLC for shares of Class A Common Stock of PBF Energy Inc. pursuant to the exchange agreement, the voting power afforded to the reporting person by his share of Class B Common Stock of PBF Energy Inc. will be automatically and correspondingly reduced.
F4	Compensatory warrants to purchase Series A Units of PBF Energy Company LLC were granted to the reporting person on December 17, 2010, were fully vested at the time of grant and became fully exercisable at the time of the initial public offering of PBF Energy Inc. Pursuant to an exchange agreement the Series A Units of PBF Energy Company LLC are exchangeable at any time for shares of Class A Common Stock of PBF Energy Inc. on a one-for-one basis, subject to equitable adjustments for stock splits, stock dividends and reclassifications. As the reporting person exchanges the Series A Units of PBF Energy Company LLC for shares of Class A Common Stock of PBF Energy Inc. pursuant to the exchange agreement, the voting power afforded to the reporting person by his share of Class B Common Stock of PBF Energy Inc. will be automatically and correspondingly reduced.
F5	Represents options to purchase Class A Common Stock that were granted on December 12, 2012 and are fully vested.
F6	Represents options to purchase Class A Common Stock that were granted on February 10, 2015 and are fully vested.
F7	Represents options to purchase Class A Common Stock that were granted on May 3, 2016 and are fully vested.
F8	Represents options to purchase Class A Common Stock that were granted on February 13, 2017 and are fully vested.
F9	Represents options to purchase Class A Common Stock that were granted on February 12, 2018 and are fully vested.
F10	Represents options to purchase Class A Common Stock that were granted on February 11, 2019 and vest in four equal annual installments beginning on February 11, 2020.
F11	Represents options to purchase Class A Common Stock that were granted on February 10, 2020 and vest in four equal annual installments beginning on February 10, 2021.
F12	Represents options to purchase Class A Common Stock that were granted on November 9, 2020 and vest in three equal annual installments beginning on November 9, 2021.
F13	Represents options to purchase Class A Common Stock that were granted on November 18, 2021 and vest in three equal annual installments beginning on November 18, 2022.