XML 60 R45.htm IDEA: XBRL DOCUMENT v3.6.0.2
STOCKHOLDERS' AND MEMBERS' EQUITY STRUCTURE (Tables)
12 Months Ended
Dec. 31, 2016
Equity [Abstract]  
Summary of PBF LLC units
Information about the issued classes of PBF LLC units for the years ended December 31, 2016, 2015 and 2014, is as follows:
 
 
Series A Units
 
Series B Units
 
Series C Units
Balance—January 1, 2014
 
57,201,674

 
1,000,000

 
39,665,473

Secondary offering transaction
 
(48,000,000
)
 

 
48,000,000

Issuances of restricted stock
 

 

 
30,348

Exercise of warrants and options
 
26,533

 

 

Exchange of Series A Units for Class A common stock of PBF Energy Inc.
 
(56,694
)
 

 
56,694

Redemption of C Units in connection with stock repurchase
 

 

 
(5,765,946
)
Surrender of units for tax withholding
 
(817
)
 

 
(5,450
)
Balance - December 31, 2014
 
9,170,696

 
1,000,000

 
81,981,119

Secondary offering transaction
 
(3,804,653
)
 

 
3,804,653

Issuances of restricted stock
 

 

 
247,720

Exercise of warrants and options
 
149,974

 

 
12,766

Exchange of Series A Units for Class A common stock of PBF Energy Inc.
 
(529,178
)
 

 
529,178

Redemption of C Units in connection with stock repurchase
 

 

 
(284,771
)
Surrender of units for tax withholding
 
(1,481
)
 

 
(8,732
)
October 2015 equity offering
 

 

 
11,500,000

Balance - December 31, 2015
 
4,985,358

 
1,000,000

 
97,781,933

Issuances of restricted stock
 

 

 
320,458

Exercise of warrants and options
 
25,550

 

 
11,650

Exchange of Series A Units for Class A common stock of PBF Energy Inc.
 
(1,090,006
)
 

 
1,090,006

December 2016 Equity Offering
 

 

 
10,000,000

Balance - December 31, 2016
 
3,920,902

 
1,000,000

 
109,204,047

The following table summarizes the Company's Class A common stock repurchase activity under the Repurchase Program:
 
Number of shares purchased (1)
 
Cost of purchased shares
Shares purchased at December 31, 2014
5,765,946

 
$
142,731

Shares purchased during 2015
284,771

 
8,073

Shares purchased at December 31, 2015
6,050,717

 
150,804

Shares purchased during 2016

 

Shares purchased at December 31, 2016
6,050,717

 
$
150,804

—————————————
 
 
 
(1) - The shares purchased include only those shares that have settled as of the period end date.