Matthew Lucey - Apr 29, 2022 Form 4 Insider Report for PBF Logistics LP (PBFX)

Role
Executive Vice President, Director
Signature
/s/ Matthew Lucey by Trecia Canty as Attorney-in-Fact
Stock symbol
PBFX
Transactions as of
Apr 29, 2022
Transactions value $
-$60,218
Form type
4
Date filed
5/3/2022, 07:25 PM
Previous filing
Apr 27, 2022
Next filing
Oct 28, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PBFX Common Units representing limited partner interests Options Exercise $0 +3.75K +4.48% $0.00 87.4K Apr 29, 2022 Direct
transaction PBFX Common Units representing limited partner interests Tax liability -$30.1K -1.92K -2.2% $15.69 85.5K Apr 29, 2022 Direct
transaction PBFX Common Units representing limited partner interests Options Exercise $0 +3.75K +4.39% $0.00 89.2K May 1, 2022 Direct
transaction PBFX Common Units representing limited partner interests Tax liability -$30.1K -1.92K -2.15% $15.69 87.3K May 1, 2022 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 -3.75K -50% 3.75K Apr 29, 2022 Common Unit representing LP interest 3.75K Direct F1, F2
transaction PBFX Phantom Unit Options Exercise -3.75K -100% 0 May 1, 2022 Common Unit representing LP interest 3.75K Direct F1
* 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 on April 29, 2023.