Thomas J. Nimbley - 29 Apr 2022 Form 4 Insider Report for PBF Logistics LP (PBFX)

Role
Chief Executive Officer, Director
Signature
/s/ Thomas Nimbley by Trecia Canty as Attorney-in-Fact
Issuer symbol
PBFX
Transactions as of
29 Apr 2022
Transactions value $
-$80,270
Form type
4
Filing time
03 May 2022, 19:30:53 UTC
Previous filing
27 Apr 2022
Next filing
28 Oct 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PBFX Common Unit representing LP interest Options Exercise $0 +5K +2.71% $0.00 190K 29 Apr 2022 Direct
transaction PBFX Common Unit representing LP interest Tax liability -$40.1K -2.56K -1.35% $15.69 187K 29 Apr 2022 Direct
transaction PBFX Common Unit representing LP interest Options Exercise $0 +5K +2.67% $0.00 192K 01 May 2022 Direct
transaction PBFX Common Unit representing LP interest Tax liability -$40.1K -2.56K -1.33% $15.69 189K 01 May 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 Unit Options Exercise -5K -50% 5K 29 Apr 2022 Common Unit representing LP interest 5K Direct F1, F2
transaction PBFX Phantom Unit Options Exercise -5K -100% 0 01 May 2022 Common Unit representing LP interest 5K Direct F1
* 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 remaining phantom units will vest on April 29, 2023.