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PBF Energy Inc. — Director's Dealing 2015
Feb 9, 2015
31241_dirs_2015-02-09_19e0cee4-f9ee-4169-965a-965fad6dff9c.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: 2015-02-01
Reporting Person: Davis Paul T (Vice President)
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Employee Stock Options (right to buy) | $24.43 | 2024-10-29 | Class A Common Stock (50000) | Direct | |
| Employee Stock Options (right to buy) | $26.08 | 2023-10-29 | Class A Common Stock (50000) | Direct | |
| 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 options to purchase shares of Class A Common Stock. The options will vest in four equal annual installments beginning on October 29, 2015.
F2: Represents options to purchase shares of Class A Common Stock. The options vest in four equal annual installments beginning on October 29, 2014.
F3: 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.
F4: Represents options to purchase shares of Class A Common Stock. The options vest in four equal installments beginning on 12/12/2013.