Seedorf Herman L 4
4 · PBF Energy Inc. · Filed Jun 6, 2018
Insider Transaction Report
Form 4
Seedorf Herman L
Senior Vice President
Transactions
- Exercise/Conversion
Series A Units of PBF Energy Company LLC
2018-06-05+12,500→ 73,296 total→ Class A Common Stock (12,500 underlying) - Exercise/Conversion
Unit Options
2018-06-05−12,500→ 0 totalExercise: $12.55Exp: 2022-06-29→ Class A Common Stock (12,500 underlying) - Tax Payment
Series A Units of PBF Energy Company LLC
2018-06-05$50.43/sh−3,983$200,863→ 69,313 total→ Class A Common (3,983 underlying)
Holdings
- 1
Class B Common Stock
- 38,479
Class A Common Stock
Footnotes (3)
- [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]Represents options to purchase Series A Units of PBF Energy Company LLC. The options vest in three equal annual installments beginning on June 29, 2013. 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.