Matthew C. Lucey - 26 Oct 2022 Form 4 Insider Report for PBF Logistics LP (PBFX)

Role: Executive Vice President, Director
Signature: /s/ Matthew Lucey by Trecia Canty as Attorney-in-Fact
Issuer symbol: PBFX
Transactions as of: 26 Oct 2022
Transactions value $: -$41,182
Form type: 4
Filing time: 28 Oct 2022, 15:11:28 UTC
Previous filing: 03 May 2022
Next filing: 03 Nov 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 interests	Options Exercise	$0	+3.75K	+4.29%	$0.00	91.1K	26 Oct 2022	Direct
transaction	PBFX	Common Units representing limited partner interests	Tax liability	-$41.2K	-1.92K	-2.11%	$21.46	89.2K	26 Oct 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		-3.75K	-33.33%		7.5K	26 Oct 2022	Common Unit representing LP interest	3.75K		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.