PBF Energy 2013 Annual Report Download - page 51

Download and view the complete annual report

Please find page 51 of the 2013 PBF Energy annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 172

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172

44
12/13/2012 12/31/2012 12/31/2013
PBF Energy Inc. Class A Common Stock $ 100.00 $ 110.67 $ 124.73
S&P 500 100.00 100.91 133.59
Peer Group 100.00 103.11 149.73
Recent Sales of Unregistered Securities—Exchange of PBF LLC Series A Units to Class A Common Stock
In the fourth quarter of 2013, a total of 83,860 PBF LLC Series A Units were exchanged for 83,860 shares
of our Class A common stock in transactions exempt from registration under Section 4(2) of the Securities Act.
We received no other consideration in connection with these exchanges. No exchanges were made by any of our
directors, executive officers or entities affiliated with Blackstone or First Reserve.
Additionally, on January 6, 2014, Blackstone and First Reserve completed a public offering of 15,000,000
shares of our Class A common stock at a price of $28.00 per share, less underwriting discounts and commissions,
in a secondary public offering. All of the shares were sold by funds affiliated with Blackstone and First Reserve.
In connection with this offering, Blackstone and First Reserve exchanged 15,000,000 Series A Units of PBF LLC
for an equivalent number of shares of our Class A common stock in a transaction exempt from registration under
Section 4(2) of the Securities Act.
Securities Authorized for Issuance Under Equity Compensation Plans
The following table provides information about the securities authorized for issuance under our equity
compensation plans as of December 31, 2013. The information regarding equity compensation plans approved by
security holders represents our 2012 Equity Incentive Plan.
Equity Compensation Plan Information
(A) (B) (C)
Number of
securities to be
issued upon
exercise of
outstanding
options, warrants
and rights
Weighted-average
exercise price of
outstanding
options, warrants,
and rights
Number of securities
remaining available for
future issuance under
equity compensation
plans (excluding
securities reflected in
column (A))
Plan Category
Equity compensation plans approved by
security holders 1,380,392 $ 27.26 3,619,608
Equity compensation plans not approved by
security holders ———
Total 1,380,392 $ 27.26 3,619,608
(1) Securities available for future issuance under the plan can be issued in various forms, including, without
limitation, restricted stock and stock options.
ITEM 6. SELECTED FINANCIAL DATA
The following table presents selected historical consolidated financial and other data of PBF Energy and
PBF Holding. The data presented is PBF Energy's data, unless otherwise noted. The selected historical consolidated
financial data as of December 31, 2013 and 2012 and for each of the three years in the period ended December 31,
2013 have been derived from our audited financial statements, included in “Item 8. Financial Statements and
Supplementary Data.” The selected historical consolidated financial data as of December 31, 2011, 2010, and 2009
for the years ended December 31, 2010 and 2009 have been derived from the audited financials of PBF LLC and