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PBF Energy Inc. — Director's Dealing 2013
May 22, 2013
31241_dirs_2013-05-22_ea64369d-e195-444f-86dc-896a5a1d93cd.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: 2013-05-13
Reporting Person: Davis Paul T (Vice President)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Class A Common Stock | 141 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Unit Options | $12.55 | 2022-06-29 | Class A Common Stock (25000) | Direct | |
| Employee Stock Options (right to buy) | $26.00 | 2022-12-12 | Class A Common Stock (30000) | Direct |
Footnotes
F1: Represents number of shares of Class A Common Stock acquired under PBF Energy Inc.'s 401(k) Plan as of May 13, 2013 per Vanguard records.
F2: Represents options to purchase Series A Units of PBF Energy Company LLC. The options vest in three equal annual installments beginning on June 29, 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. issued in connection with the Series A Units of PBF Energy Company LLC will be automatically and correspondingly reduced. The Class B Common Stock will entitle the reporting person to one vote for each Series A Unit of PBF Energy Company LLC held by such reporting person.
F3: Represents options to purchase shares of Class A Common Stock. The options will vest in four equal annual installments beginning on 12/12/2013.