4//SEC Filing
Seedorf Herman L 4
Accession 0001209191-18-029205
CIK 0001534504other
Filed
May 9, 8:00 PM ET
Accepted
May 10, 3:16 PM ET
Size
19.8 KB
Accession
0001209191-18-029205
Insider Transaction Report
Form 4
Seedorf Herman L
Senior Vice President
Transactions
- Exercise/Conversion
Warrants to purchase Series A Units, PBF Energy Company LLC
2018-05-10−16,000→ 0 totalExercise: $10.00Exp: 2021-03-01→ Class A Common Stock (16,000 underlying) - Exercise/Conversion
Series A Units of PBF Energy Company LLC
2018-05-10+16,000→ 60,000 total→ Class A Common Stock (16,000 underlying) - Tax Payment
Series A Units of PBF Energy Company LLC
2018-05-10$41.26/sh−9,020$372,165→ 50,980 total→ Class A Common Stock (9,020 underlying) - Exercise/Conversion
Unit Options
2018-05-10−22,500→ 0 totalExercise: $10.00Exp: 2021-03-04→ Class A Common Stock (22,500 underlying) - Exercise/Conversion
Series A Units of PBF Energy Company LLC
2018-05-10+22,500→ 73,480 total→ Class A Common Stock (22,500 underlying) - Tax Payment
Series A Units of PBF Energy Company LLC
2018-05-10$41.26/sh−12,684$523,342→ 60,796 total→ Class A Common Stock (12,684 underlying)
Holdings
- 38,479
Class A Common Stock
- 1
Class B Common Stock
Footnotes (4)
- [F1]The Class B Common Stock entitles the reporting person to one vote for each Series A Unit of PBF Energy Company LLC held by such reporting person.
- [F2]Compensatory warrants to purchase Series A Units of PBF Energy Company LLC were granted to the reporting person on March 1, 2011, were fully vested at the time of grant and became fully exercisable at the time of the initial public offering of PBF Energy Inc. Pursuant to an exchange agreement the Series A Units of PBF Energy Company LLC are exchangeable at any time for shares of Class A Common Stock of PBF Energy Inc. on a one-for-one basis, subject to equitable adjustments for stock splits, stock dividends and reclassifications. As the reporting person exchanges the Series A Units of PBF Energy Company LLC for shares of Class A Common Stock of PBF Energy Inc. pursuant to the exchange agreement, the voting power afforded to the reporting person by his share of Class B Common Stock of PBF Energy Inc. will be automatically and correspondingly reduced.
- [F3]Pursuant to an exchange agreement the Series A Units of PBF Energy Company LLC are exchangeable at any time for shares of Class A Common Stock of PBF Energy Inc. on a one-for-one basis, subject to equitable adjustments for stock splits, stock dividends and reclassifications. As the reporting person exchanges the Series A Units of PBF Energy Company LLC for shares of Class A Common Stock of PBF Energy Inc. pursuant to the exchange agreement, the voting power afforded to the reporting person by his share of Class B Common Stock of PBF Energy Inc. will be automatically and correspondingly reduced.
- [F4]Represents options to purchase Series A Units of PBF Energy Company LLC. The options vest in three equal annual installments beginning on March 4, 2012. Pursuant to an exchange agreement the Series A Units of PBF Energy Company LLC are exchangeable at any time for shares of Class A Common Stock of PBF Energy Inc. on a one-for-one basis, subject to equitable adjustments for stock splits, stock dividends and reclassifications. As the reporting person exchanges the Series A Units of PBF Energy Company LLC for shares of Class A Common Stock of PBF Energy Inc. pursuant to the exchange agreement, the voting power afforded to the reporting person by his share of Class B Common Stock of PBF Energy Inc. will be automatically and correspondingly reduced.
Documents
Issuer
PBF Energy Inc.
CIK 0001534504
Entity typeother
Related Parties
1- filerCIK 0001602973
Filing Metadata
- Form type
- 4
- Filed
- May 9, 8:00 PM ET
- Accepted
- May 10, 3:16 PM ET
- Size
- 19.8 KB