John Barone - Oct 26, 2021 Form 4 Insider Report for PBF Logistics LP (PBFX)

Role
Principal Accounting Officer
Signature
/s/ John Barone by Trecia Canty as Attorney-in-Fact
Stock symbol
PBFX
Transactions as of
Oct 26, 2021
Transactions value $
-$5,413
Form type
4
Date filed
10/28/2021, 03:19 PM
Next filing
Nov 22, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PBFX Common Unit representing limited partner interest Options Exercise $0 +1.25K +5.81% $0.00 22.8K Oct 26, 2021 Direct
transaction PBFX Common Unit representing limited partner interest Tax liability -$5.41K -388 -1.7% $13.95 22.4K Oct 26, 2021 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction PBFX Phantom Unit Options Exercise -1.25K -25% 3.75K Oct 26, 2021 Common Unit representing LP interest 1.25K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each phantom unit with distribution equivalent rights ("DER"), represents a contingent right to receive one common unit representing a limited partnership interest in the Issuer or, at the election of the Board of Directors of PBF Logistics GP LLC, cash or a combination of the two. DERs shall be settled in cash.
F2 The phantom units will vest in three equal annual installments beginning on October 26, 2022.