SEC Form 3
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person*
Ho Tai Wendy

(Last) (First) (Middle)
ONE SYLVAN WAY
SECOND FLOOR

(Street)
PARSIPPANY NJ 07054

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
04/11/2022
3. Issuer Name and Ticker or Trading Symbol
PBF Logistics LP [ PBFX ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Senior Vice President, HR
5. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Units representing limited partner interests 9,871 D
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Phantom Units (1) (1) Common Units representing LP interest 2,188 (2) D
Phantom Units (3) (3) Common Units representing LP interest 2,500 (2) D
Phantom Units (4) (4) Common Units representing LP interest 3,750 (2) D
Phantom Units (5) (5) Common Units representing LP interest 5,000 (2) D
Explanation of Responses:
1. The phantom units were granted on August 27, 2018 and will vest on August 27, 2022.
2. Each 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.
3. The phantom units were granted on April 29, 2019 and will vest in two equal annual installments beginning on April 29, 2022.
4. The phantom units were granted on October 26, 2020 and will vest in three equal annual installments beginning on October 26, 2022.
5. The phantom units were granted on April 26, 2021 and will vest in four equal annual installments beginning on April 26, 2022.
Remarks:
/s/ Wendy Ho Tai by Trecia Canty as Attorney-in-Fact 04/20/2022
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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