Matthew C. Lucey - 29 Apr 2022 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
29 Apr 2022
Net transactions value
-$60,218
Form type
4
Filing time
03 May 2022, 19:25:05 UTC
Previous filing
27 Apr 2022
Next filing
28 Oct 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 interests Options Exercise $0 +3,750 +4.5% $0.000000 87,418 29 Apr 2022 Direct
transaction PBFX Common Units representing limited partner interests Tax liability $30,109 -1,919 -2.2% $15.69 85,499 29 Apr 2022 Direct
transaction PBFX Common Units representing limited partner interests Options Exercise $0 +3,750 +4.4% $0.000000 89,249 01 May 2022 Direct
transaction PBFX Common Units representing limited partner interests Tax liability $30,109 -1,919 -2.2% $15.69 87,330 01 May 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 -3,750 -50% 3,750 29 Apr 2022 Common Unit representing LP interest 3,750 Direct F1, F2
transaction PBFX Phantom Unit Options Exercise -3,750 -100% 0 01 May 2022 Common Unit representing LP interest 3,750 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.