PBF Logistics LP 4
4 · PBF Logistics LP · Filed Apr 29, 2015
Insider Transaction Report
Form 4
PBF Logistics LPPBFX
Dill Jeffrey
SVP, General Counsel
Transactions
- Award
Phantom Unit
2015-04-27+12,500→ 12,500 total→ Common Unit representing LP interest (12,500 underlying)
Footnotes (2)
- [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 four equal annual installments beginning on April 27, 2016.