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PBF Energy Inc. — Director's Dealing 2015
Jun 12, 2015
31241_dirs_2015-06-12_135fa3ed-6a74-4614-8e18-883e4e67ee83.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: PBF Energy Inc. (PBF)
CIK: 0001534504
Period of Report: 2015-06-10
Reporting Person: Seedorf Herman L (Senior Vice President)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2015-06-10 | Warrants to purchase Series A Units, PBF Energy Company LLC | $10.00 | M | 24000 | Disposed | 2021-03-01 | Class A Common Stock (24000) | Direct |
| 2015-06-10 | Series A Units of PBF Energy Company LLC | $ | M | 24000 | Acquired | Class A Common Stock (24000) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Class B Common Stock | 1 | 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: Non-compensatory warrants to purchase Series A Units of PBF Energy Company LLC were issued to the reporting person on March 1, 2011 and were fully vested and exercisable at the time of issuance. Pursuant to an exchange agreement the 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: Pursuant to an exchange agreement the 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.