PBF Logistics LP 4
4 · PBF Logistics LP · Filed Apr 28, 2016
Insider Transaction Report
Form 4
PBF Logistics LPPBFX
Dill Jeffrey
SVP, General Counsel
Transactions
- Exercise/Conversion
Phantom Unit
2016-04-27−3,125→ 9,375 totalFrom: 2016-04-27Exp: 2016-04-27→ Common Unit representing LP interest (3,125 underlying) - Exercise/Conversion
Common Units representing limited partner interests
2016-04-27+3,125→ 12,875 total - Tax Payment
Common Units representing limited partner interests
2016-04-27$20.15/sh−1,515$30,527→ 11,360 total - Award
Phantom Unit
2016-04-26+12,500→ 12,500 total→ Common Unit representing LP interest (12,500 underlying)
Footnotes (3)
- [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 in three equal annual installments beginning on April 27, 2017.
- [F3]The phantom units will vest in four equal annual installments beginning on April 26, 2017.