PBF Logistics LP 4
4 · PBF Logistics LP · Filed May 10, 2017
Insider Transaction Report
Form 4
PBF Logistics LPPBFX
Ogden George E.
Director
Transactions
- Exercise/Conversion
Common Units representing limited partner interests
2017-05-08+544→ 3,309 total - Exercise/Conversion
Phantom Unit
2017-05-08−544→ 542 totalFrom: 2017-05-08Exp: 2017-05-08→ Common Unit representing LP interest (544 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 remaining phantom units will vest on May 8, 2018.