SEC Form 4 · accession 0001209191-17-067594
PBF Logistics LP · PBFX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
Karen Berriman Davis
Director
Period of report
Dec 28, 2017
Accepted (ET)
Dec 28, 2017 · 5:25 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001582568
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom UnitF1,F2 | — | Dec 28, 2017 | A | 2,416 | A | — | — | Common Unit representing LP interest | 2,416 | 2,416 | D |
Explanation of responses
- F1Each 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.
- F2The phantom units will vest in four equal annual installments beginning on December 28, 2018.