SEC Form 4 · accession 0001209191-15-063555
PBF Energy Inc. · PBF
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Spencer Abraham
Director
Period of report
Aug 1, 2015
Accepted (ET)
Aug 4, 2015 · 3:35 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001534504
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common Stock | Aug 1, 2015 | A | 3,960 | $0.00 | A | 10,665 | D | |
| Class A Common Stock | Aug 1, 2015 | F | 1,560 | $31.57 | D | 9,105 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Series A Units of PBF Energy Company LLCF2 | — | Aug 1, 2015 | F | 816 | D | Aug 1, 2015 | Aug 1, 2015 | Class A Common Stock | 816 | 5,518 | D |
Explanation of responses
- F1Constitutes restricted stock issued under the 2012 Equity Incentive Plan.
- F2Pursuant 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. On July 31, 2015, the closing price of Class A Common Stock of PBF Energy Inc. was $31.57 per share.