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PBF Energy Inc. — Director's Dealing 2016
Jul 5, 2016
31241_dirs_2016-07-05_ab3587b0-6eae-4827-a64d-c7ee0b4934a4.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: 2016-06-30
Reporting Person: Young C Erik (Chief Financial Officer, SVP)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2016-06-30 | Unit Options | $10.00 | M | 7500 | Disposed | 2021-03-04 | Class A Common Stock (7500) | Direct |
| 2016-06-30 | Series A Units of PBF Energy Company LLC | $ | M | 7500 | Acquired | Class A Common Stock (7500) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Class B Common Stock | 1 | Direct |
| Class A Common Stock | 40000 | 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: Represents options to purchase Series A Units of PBF Energy Company LLC. The options vested in three equal annual installments beginning on March 4, 2012. 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.