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PBF Energy Inc. — Director's Dealing 2012
Dec 13, 2012
31241_dirs_2012-12-13_2fd9333b-7875-40b2-b255-e1f3c98c3f7f.zip
Director's Dealing
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SEC Form 3 — Initial Statement of Beneficial Ownership
Issuer: PBF Energy Inc. (PBF)
CIK: 0001534504
Period of Report: 2012-12-13
Reporting Person: Houston Dennis (Director)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Class B Common Stock | 1 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Series A Units of PBF Energy Company LLC | $ | Class A Common Stock (13096.2) | Direct | ||
| Unit Options | $10.00 | 2021-06-01 | Class A Common Stock (16666.67) | Direct |
Footnotes
F1: 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.
F2: Includes 7,968 restricted Series A Units of PBF Energy Company LLC which vest in three equal annual installments beginning on August 1, 2013. Pursuant to an exchange agreement the vested 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.
F3: Represents options to purchase Series A Units of PBF Energy Company LLC. The options vest in three equal annual installments beginning on June 1, 2012. Pursuant to an exchange agreement the vested 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.