Lawrence Michael Ziemba - 01 Jul 2022 Form 4 Insider Report for PBF Logistics LP (PBFX)

Role
Director
Signature
/s/ Lawrence Ziemba by Trecia Canty as Attorney-in-Fact
Issuer symbol
PBFX
Transactions as of
01 Jul 2022
Transactions value $
$0
Form type
4
Filing time
06 Jul 2022, 13:36:57 UTC
Previous filing
27 Apr 2022
Next filing
16 Aug 2022
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 LP interest Options Exercise $0 +1.31K +38.5% $0.00 4.72K 01 Jul 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 -1.31K -33.32% 2.63K 01 Jul 2022 Common Unit representing LP interest 1.31K 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 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 in two equal annual installments beginning on July 1, 2023.