SEC Form 4 · accession 0001209191-15-046601
PBF Logistics LP · PBFX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas D O'Malley
Director
Period of report
May 23, 2015
Accepted (ET)
May 26, 2015 · 3:58 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001582568
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Units representing limited partner interests | May 23, 2015 | M | 7,500 | $0.00 | A | 278,470 | D | |
| Common Units representing limited partner interestsF1 | holding | — | — | — | 200,000 | I | See Footnote | |
| Common Units representing limited partner interestsF2 | holding | — | — | — | 33,000 | I | See Footnote | |
| Common Units representing limited partner interestsF3 | holding | — | — | — | 33,000 | I | See Footnote | |
| Common Units representing limited partner interestsF4 | holding | — | — | — | 43,478 | I | See Footnote |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom UnitF5,F6 | — | May 23, 2015 | M | 7,500 | D | May 23, 2015 | May 23, 2015 | Common Unit representing LP interest | 7,500 | 22,500 | D |
Explanation of responses
- F1Held by Horse Island Partners LLC. The reporting person is the Managing Member of Horse Island Partners and disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these units in this report shall not be deemed an admission of beneficial ownership of all the reported units for purposes of Section 16 or for any other purposes.
- F2Held by Argus Investments Inc. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these units in this report shall not be deemed an admission of beneficial ownership of all of the reported units for purposes of Section 16 or for any other purposes.
- F3Held by Argus Energy Corporation. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these units in this report shall not be deemed an admission of beneficial ownership of all the reported units for purposes of Section 16 or for any other purposes.
- F4Held by the reporting person's spouse. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these units in this report shall not be deemed an admission of beneficial ownership of all of the reported units for purposes of Section 16 or for any other purposes.
- F5Each 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.
- F6The remaining phantom units will vest in three equal annual installments beginning on May 23, 2016.