Lawrence Michael Ziemba - 01 Jan 2022 Form 4 Insider Report for PBF Logistics LP (PBFX)

Role
Director
Signature
/s/ Lawrence Ziemba by Trecia Canty as Attorney-in-Fact
Issuer symbol
PBFX
Transactions as of
01 Jan 2022
Transactions value $
$0
Form type
4
Filing time
25 Jan 2022, 14:50:48 UTC
Previous filing
23 Aug 2021
Next filing
27 Apr 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PBFX Common Units representing limited partner interest Options Exercise $0 +618 +32.02% $0.00 2.55K 01 Jan 2022 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 Units Options Exercise $0 -618 -33.35% $0.00 1.24K 01 Jan 2022 Common Unit representing LP interest 618 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 partner 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 two equal installments beginning on January 1, 2023.