Schedule 13G

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No.     )*

 

 

PBF ENERGY INC.

(Name of Issuer)

Class A Common Stock, par value $0.001 per share

(Title of Class of Securities)

69318G106

(CUSIP Number)

December 31, 2012

(Date of Event which Requires Filing of this Statement)

 

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

¨ Rule 13d-1(b)

¨ Rule 13d-1(c)

x Rule 13d-1(d)

 

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 

 

Page 1

CUSIP No. 69318G106            13G            Page 2 of 25 Pages

 

  1.   

Name of Reporting Persons:

 

    Blackstone PB Capital Partners V Subsidiary L.L.C.

  2.  

Check the Appropriate Box if a Member of a Group

(a)  x        (b)  ¨

 

  3.  

SEC Use Only

 

  4.  

Citizenship or Place of Organization:

 

    Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

    5.    

Sole Voting Power:

 

    28,039,926.1

   6.   

Shared Voting Power:

 

    67,754,653

   7.   

Sole Dispositive Power:

 

    28,039,926.1

   8.   

Shared Dispositive Power:

 

    67,754,653

  9.  

Aggregate Amount Beneficially Owned by Each Reporting Person:

 

    67,754,653

10.  

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

    ¨

11.  

Percent of Class Represented by Amount in Row (9):

 

    74.2%

12.  

Type of Reporting Person (See Instructions):

 

    OO

 

CUSIP No. 69318G106            13G            Page 3 of 25 Pages

 

  1.   

Name of Reporting Persons:

 

    Blackstone PB Capital Partners V-AC L.P.

  2.  

Check the Appropriate Box if a Member of a Group

(a)  x        (b)  ¨

 

  3.  

SEC Use Only

 

  4.  

Citizenship or Place of Organization:

 

    Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

    5.    

Sole Voting Power:

 

    5,024,347.3

   6.   

Shared Voting Power:

 

    67,754,653

   7.   

Sole Dispositive Power:

 

    5,024,347.3

   8.   

Shared Dispositive Power:

 

    67,754,653

  9.  

Aggregate Amount Beneficially Owned by Each Reporting Person:

 

    67,754,653

10.  

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

    ¨

11.  

Percent of Class Represented by Amount in Row (9):

 

    74.2%

12.  

Type of Reporting Person (See Instructions):

 

    PN

 

CUSIP No. 69318G106            13G            Page 4 of 25 Pages

 

  1.   

Name of Reporting Persons:

 

    Blackstone Family Investment Partnership V USS L.P.

  2.  

Check the Appropriate Box if a Member of a Group

(a)  x        (b)  ¨

 

  3.  

SEC Use Only

 

  4.  

Citizenship or Place of Organization:

 

    Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

    5.    

Sole Voting Power:

 

    154,660

   6.   

Shared Voting Power:

 

    67,754,653

   7.   

Sole Dispositive Power:

 

    154,660

   8.   

Shared Dispositive Power:

 

    67,754,653

  9.  

Aggregate Amount Beneficially Owned by Each Reporting Person:

 

    67,754,653

10.  

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

    ¨

11.  

Percent of Class Represented by Amount in Row (9):

 

    74.2%

12.  

Type of Reporting Person (See Instructions):

 

    PN

 

CUSIP No. 69318G106            13G            Page 5 of 25 Pages

 

  1.   

Name of Reporting Persons:

 

    Blackstone Family Investment Partnership V-A USS SMD L.P.

  2.  

Check the Appropriate Box if a Member of a Group

(a)  x        (b)  ¨

 

  3.  

SEC Use Only

 

  4.  

Citizenship or Place of Organization:

 

    Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

    5.    

Sole Voting Power:

 

    587,332

   6.   

Shared Voting Power:

 

    67,754,653

   7.   

Sole Dispositive Power:

 

    587,332

   8.   

Shared Dispositive Power:

 

    67,754,653

  9.  

Aggregate Amount Beneficially Owned by Each Reporting Person:

 

    67,754,653

10.  

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

    ¨

11.  

Percent of Class Represented by Amount in Row (9):

 

    74.2%

12.  

Type of Reporting Person (See Instructions):

 

    PN

 

CUSIP No. 69318G106            13G            Page 6 of 25 Pages

 

  1.   

Name of Reporting Persons:

 

    Blackstone Participation Partnership V USS L.P.

  2.  

Check the Appropriate Box if a Member of a Group

(a)  x        (b)  ¨

 

  3.  

SEC Use Only

 

  4.  

Citizenship or Place of Organization:

 

    Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

    5.    

Sole Voting Power:

 

    71,061.2

   6.   

Shared Voting Power:

 

    67,754,653

   7.   

Sole Dispositive Power:

 

    71,061.2

   8.   

Shared Dispositive Power:

 

    67,754,653

  9.  

Aggregate Amount Beneficially Owned by Each Reporting Person:

 

    67,754,653

10.  

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

    ¨

11.  

Percent of Class Represented by Amount in Row (9):

 

    74.2%

12.  

Type of Reporting Person (See Instructions):

 

    PN

 

CUSIP No. 69318G106            13G            Page 7 of 25 Pages

 

  1.   

Name of Reporting Persons:

 

    Blackstone PB Capital Partners V L.P.

  2.  

Check the Appropriate Box if a Member of a Group

(a)  x        (b)  ¨

 

  3.  

SEC Use Only

 

  4.  

Citizenship or Place of Organization:

 

    Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

    5.    

Sole Voting Power:

 

    28,039,926.1

   6.   

Shared Voting Power:

 

    67,754,653

   7.   

Sole Dispositive Power:

 

    28,039,926.1

   8.   

Shared Dispositive Power:

 

    67,754,653

  9.  

Aggregate Amount Beneficially Owned by Each Reporting Person:

 

    67,754,653

10.  

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

    ¨

11.  

Percent of Class Represented by Amount in Row (9):

 

    74.2%

12.  

Type of Reporting Person (See Instructions):

 

    PN

 

CUSIP No. 69318G106            13G            Page 8 of 25 Pages

 

  1.   

Name of Reporting Persons:

 

    Blackstone Management Associates V USS L.L.C.

  2.  

Check the Appropriate Box if a Member of a Group

(a)  x        (b)  ¨

 

  3.  

SEC Use Only

 

  4.  

Citizenship or Place of Organization:

 

    Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

    5.    

Sole Voting Power:

 

    33,064,273.4

   6.   

Shared Voting Power:

 

    67,754,653

   7.   

Sole Dispositive Power:

 

    33,064,273.4

   8.   

Shared Dispositive Power:

 

    67,754,653

  9.  

Aggregate Amount Beneficially Owned by Each Reporting Person:

 

    67,754,653

10.  

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

    ¨

11.  

Percent of Class Represented by Amount in Row (9):

 

    74.2%

12.  

Type of Reporting Person (See Instructions):

 

    OO

 

CUSIP No. 69318G106            13G            Page 9 of 25 Pages

 

  1.   

Name of Reporting Persons:

 

    BMA V USS L.L.C.

  2.  

Check the Appropriate Box if a Member of a Group

(a)  x        (b)  ¨

 

  3.  

SEC Use Only

 

  4.  

Citizenship or Place of Organization:

 

    Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

    5.    

Sole Voting Power:

 

    33,064,273.4

   6.   

Shared Voting Power:

 

    67,754,653

   7.   

Sole Dispositive Power:

 

    33,064,273.4

   8.   

Shared Dispositive Power:

 

    67,754,653

  9.  

Aggregate Amount Beneficially Owned by Each Reporting Person:

 

    67,754,653

10.  

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

    ¨

11.  

Percent of Class Represented by Amount in Row (9):

 

    74.2%

12.  

Type of Reporting Person (See Instructions):

 

    OO

 

CUSIP No. 69318G106            13G            Page 10 of 25 Pages

 

  1.   

Name of Reporting Persons:

 

    BCP V USS Side-by-Side GP L.L.C.

  2.  

Check the Appropriate Box if a Member of a Group

(a)  x        (b)  ¨

 

  3.  

SEC Use Only

 

  4.  

Citizenship or Place of Organization:

 

    Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

    5.    

Sole Voting Power:

 

    225,721.2

   6.   

Shared Voting Power:

 

    67,754,653

   7.   

Sole Dispositive Power:

 

    225,721.2

   8.   

Shared Dispositive Power:

 

    67,754,653

  9.  

Aggregate Amount Beneficially Owned by Each Reporting Person:

 

    67,754,653

10.  

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

    ¨

11.  

Percent of Class Represented by Amount in Row (9):

 

    74.2%

12.  

Type of Reporting Person (See Instructions):

 

    OO

 

CUSIP No. 69318G106            13G            Page 11 of 25 Pages

 

  1.   

Name of Reporting Persons:

 

    Blackstone Family GP L.L.C.

  2.  

Check the Appropriate Box if a Member of a Group

(a)  x        (b)  ¨

 

  3.  

SEC Use Only

 

  4.  

Citizenship or Place of Organization:

 

    Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

    5.    

Sole Voting Power:

 

    587,332

   6.   

Shared Voting Power:

 

    67,754,653

   7.   

Sole Dispositive Power:

 

    587,332

   8.   

Shared Dispositive Power:

 

    67,754,653

  9.  

Aggregate Amount Beneficially Owned by Each Reporting Person:

 

    67,754,653

10.  

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

    ¨

11.  

Percent of Class Represented by Amount in Row (9):

 

    74.2%

12.  

Type of Reporting Person (See Instructions):

 

    OO

 

CUSIP No. 69318G106            13G            Page 12 of 25 Pages

 

  1.   

Name of Reporting Persons:

 

    Blackstone Holdings II L.P.

  2.  

Check the Appropriate Box if a Member of a Group

(a)  x        (b)  ¨

 

  3.  

SEC Use Only

 

  4.  

Citizenship or Place of Organization:

 

    Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

    5.    

Sole Voting Power:

 

    33,289,994.6

   6.   

Shared Voting Power:

 

    67,754,653

   7.   

Sole Dispositive Power:

 

    33,289,994.6

   8.   

Shared Dispositive Power:

 

    67,754,653

  9.  

Aggregate Amount Beneficially Owned by Each Reporting Person:

 

    67,754,653

10.  

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

    ¨

11.  

Percent of Class Represented by Amount in Row (9):

 

    74.2%

12.  

Type of Reporting Person (See Instructions):

 

    PN

 

CUSIP No. 69318G106            13G            Page 13 of 25 Pages

 

  1.   

Name of Reporting Persons:

 

    Blackstone Holdings I/II GP Inc.

  2.  

Check the Appropriate Box if a Member of a Group

(a)  x        (b)  ¨

 

  3.  

SEC Use Only

 

  4.  

Citizenship or Place of Organization:

 

    Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

    5.    

Sole Voting Power:

 

    33,289,994.6

   6.   

Shared Voting Power:

 

    67,754,653

   7.   

Sole Dispositive Power:

 

    33,289,994.6

   8.   

Shared Dispositive Power:

 

    67,754,653

  9.  

Aggregate Amount Beneficially Owned by Each Reporting Person:

 

    67,754,653

10.  

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

    ¨

11.  

Percent of Class Represented by Amount in Row (9):

 

    74.2%

12.  

Type of Reporting Person (See Instructions):

 

    CO

 

CUSIP No. 69318G106            13G            Page 14 of 25 Pages

 

  1.   

Name of Reporting Persons:

 

    The Blackstone Group L.P.

  2.  

Check the Appropriate Box if a Member of a Group

(a)  x        (b)  ¨

 

  3.  

SEC Use Only

 

  4.  

Citizenship or Place of Organization:

 

    Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

    5.    

Sole Voting Power:

 

    33,289,994.6

   6.   

Shared Voting Power:

 

    67,754,653

   7.   

Sole Dispositive Power:

 

    33,289,994.6

   8.   

Shared Dispositive Power:

 

    67,754,653

  9.  

Aggregate Amount Beneficially Owned by Each Reporting Person:

 

    67,754,653

10.  

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

    ¨

11.  

Percent of Class Represented by Amount in Row (9):

 

    74.2%

12.  

Type of Reporting Person (See Instructions):

 

    PN

 

CUSIP No. 69318G106            13G            Page 15 of 25 Pages

 

  1.   

Name of Reporting Persons:

 

    Blackstone Group Management L.L.C.

  2.  

Check the Appropriate Box if a Member of a Group

(a)  x        (b)  ¨

 

  3.  

SEC Use Only

 

  4.  

Citizenship or Place of Organization:

 

    Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

    5.    

Sole Voting Power:

 

    33,289,994.6

   6.   

Shared Voting Power:

 

    67,754,653

   7.   

Sole Dispositive Power:

 

    33,289,994.6

   8.   

Shared Dispositive Power:

 

    67,754,653

  9.  

Aggregate Amount Beneficially Owned by Each Reporting Person:

 

    67,754,653

10.  

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

    ¨

11.  

Percent of Class Represented by Amount in Row (9):

 

    74.2%

12.  

Type of Reporting Person (See Instructions):

 

    OO

 

CUSIP No. 69318G106            13G            Page 16 of 25 Pages

 

  1.   

Name of Reporting Persons:

 

    Stephen A. Schwarzman

  2.  

Check the Appropriate Box if a Member of a Group

(a)  x        (b)  ¨

 

  3.  

SEC Use Only

 

  4.  

Citizenship or Place of Organization:

 

    United States

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

    5.    

Sole Voting Power:

 

    33,877,326.5

   6.   

Shared Voting Power:

 

    67,754,653

   7.   

Sole Dispositive Power:

 

    33,877,326.5

   8.   

Shared Dispositive Power:

 

    67,754,653

  9.  

Aggregate Amount Beneficially Owned by Each Reporting Person:

 

    67,754,653

10.  

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

    ¨

11.  

Percent of Class Represented by Amount in Row (9):

 

    74.2%

12.  

Type of Reporting Person (See Instructions):

 

    IN

 

Item 1. (a). Name of Issuer

PBF Energy Inc. (the “Company”)

 

  (b). Address of Issuer’s Principal Executive Offices:

One Sylvan Way

2nd Floor

Parsippany, NJ 07054

 

Item 2(a). Name of Person Filing

 

Item 2(b). Address of Principal Business Office

 

Page 17

Item 2(c). Citizenship

Each of the following is hereinafter individually referred to as a “Reporting Person” and collectively as the “Reporting Persons.” This statement is filed on behalf of:

 

  (i) Blackstone PB Capital Partners V Subsidiary L.L.C.

c/o The Blackstone Group L.P.

345 Park Avenue

New York, NY 10154

Citizenship: State of Delaware

 

  (ii) Blackstone PB Capital Partners V-AC L.P.

c/o The Blackstone Group L.P.

345 Park Avenue

New York, NY 10154

Citizenship: State of Delaware

 

  (iii) Blackstone Family Investment Partnership V USS L.P.

c/o The Blackstone Group L.P.

345 Park Avenue

New York, NY 10154

Citizenship: State of Delaware

 

  (iv) Blackstone Family Investment Partnership V-A USS SMD L.P.

c/o The Blackstone Group L.P.

345 Park Avenue

New York, NY 10154

Citizenship: State of Delaware

 

  (v) Blackstone Participation Partnership V USS L.P.

c/o The Blackstone Group L.P.

345 Park Avenue

New York, NY 10154

Citizenship: State of Delaware

 

  (vi) Blackstone PB Capital Partners V L.P.

c/o The Blackstone Group L.P.

345 Park Avenue

New York, NY 10154

Citizenship: State of Delaware

 

  (vii) Blackstone Management Associates V USS L.L.C.

c/o The Blackstone Group L.P.

345 Park Avenue

New York, NY 10154

Citizenship: State of Delaware

 

Page 18

  (viii) BMA V USS L.L.C.

c/o The Blackstone Group L.P.

345 Park Avenue

New York, NY 10154

Citizenship: State of Delaware

 

  (ix) BCP V USS Side-by-Side GP L.L.C.

c/o The Blackstone Group L.P.

345 Park Avenue

New York, NY 10154

Citizenship: State of Delaware

 

  (x) Blackstone Family GP L.L.C.

c/o The Blackstone Group L.P.

345 Park Avenue

New York, NY 10154

Citizenship: State of Delaware

 

  (xi) Blackstone Holdings II L.P.

c/o The Blackstone Group L.P.

345 Park Avenue

New York, NY 10154

Citizenship: State of Delaware

 

  (xii) Blackstone Holdings I/II GP Inc.

c/o The Blackstone Group L.P.

345 Park Avenue

New York, NY 10154

Citizenship: State of Delaware

 

  (xiii) The Blackstone Group L.P.

345 Park Avenue

New York, NY 10154

Citizenship: State of Delaware

 

  (xiv) Blackstone Group Management L.L.C.

c/o The Blackstone Group L.P.

345 Park Avenue

New York, NY 10154

Citizenship: State of Delaware

 

  (xv) Stephen A. Schwarzman

c/o The Blackstone Group L.P.

345 Park Avenue

New York, NY 10154

Citizenship: United States

 

Page 19

Blackstone PB Capital Partners V Subsidiary L.L.C. (“BPBCP V”) directly holds 28,039,926.1 series A units of PBF Energy Company LLC (the “PBF LLC Series A Units”), Blackstone PB Capital Partners V-AC L.P. (“BPBCP V-AC”) directly holds 5,024,347.3 PBF LLC Series A Units, Blackstone Family Investment Partnership V USS L.P. (“BFIP V”) directly holds 154,660 PBF LLC Series A Units, Blackstone Family Investment Partnership V-A USS SMD L.P. (“BFIP V-A”) directly holds 587,332 PBF LLC Series A Units, and Blackstone Participation Partnership V USS L.P. (“BPP V”, and together with BPBCP V, BPBCP V-AC, BFIP V and BFIP V-A, the “Blackstone Vehicles”) directly holds 71,061.2 PBF LLC Series A Units.

Blackstone PB Capital Partners V L.P. is the sole member of BPBCP V. Blackstone Management Associates V USS L.L.C. (“BMA”) is the general partner of each of Blackstone PB Capital Partners V L.P. and BPBCP V-AC. BMA V USS L.L.C. is the sole member of BMA. BCP V USS Side-by-Side GP L.L.C. (“BCP V GP L.L.C.”) is the general partner of BFIP V and BPP V. Blackstone Holdings II L.P. holds the majority of membership interests in BMA V USS L.L.C. and is the sole member of BCP V GP L.L.C.

The general partner of Blackstone Holdings II L.P. is Blackstone Holdings I/II GP Inc. The sole shareholder of Blackstone Holdings I/II GP Inc. is The Blackstone Group L.P. The general partner of The Blackstone Group L.P. is Blackstone Group Management L.L.C., which is in turn, wholly owned by Blackstone’s senior managing directors and controlled by its founder, Stephen A. Schwarzman. The general partner of BFIP V-A is Blackstone Family GP L.L.C., which is in turn, wholly owned by Blackstone’s senior managing directors and controlled by its founder, Mr. Schwarzman.

 

Item 2(d). Title of Class of Securities:

Class A common stock, $0.001 par value per share (the “Common Stock”).

Common Stock reported as held by Blackstone Vehicles consists entirely of shares of Common Stock deliverable upon exchange of outstanding PBF LLC Series A Units. Pursuant to an exchange agreement, PBF LLC Series A Units are exchangeable at any time for shares of Common Stock on a one-for-one basis, subject to certain equitable adjustments for stock splits, stock dividends and reclassifications. The Blackstone Vehicles each hold one share of Class B common stock of the Company. The shares of Class B common stock have no economic rights but entitle the holder, without regard to the number of shares of Class B common stock held, to a number of votes on matters presented to stockholders of the Company that is equal to the aggregate number of PBF LLC Series A Units held by such holder. As the Reporting Person exchanges PBF LLC Series A Units for shares of Common Stock pursuant to the exchange agreement, the voting power afforded to the Reporting Person by its share of Class B common stock of the Company will be automatically and correspondingly reduced.

 

Item 2(e). CUSIP Number:

69318G106

 

Item 3. If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a:

Not applicable.

 

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Item 4. Ownership.

 

  (a) Amount beneficially owned:

Based on 23,567,686 shares of Common Stock outstanding as reported in the Company’s Current Report on Form 8-K, filed with the Securities and Exchange Commission (the “SEC”) on December 18, 2012, and assuming exchange of the PBF LLC Series A Units that may be deemed to be beneficially owned by such Reporting Person. As of the date hereof, each of the Reporting Persons may be deemed to be the beneficial owner of the shares of Common Stock listed on such Reporting Person’s cover page.

 

  (b) Percent of class:

As of the date hereof, each of the Reporting Persons may be deemed to be the beneficial owner of the percentage of shares of Common Stock listed on such Reporting Person’s cover page.

 

  (c) Number of Shares as to which the Reporting Person has:

 

  (i) Sole power to vote or to direct the vote:

See each cover page hereof.

 

  (ii) Shared power to vote or to direct the vote:

See each cover page hereof.

 

  (iii) Sole power to dispose or to direct the disposition of:

See each cover page hereof.

 

  (iv) Shared power to dispose or to direct the disposition of:

See each cover page hereof.

 

Item 5. Ownership of Five Percent or Less of a Class

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following:  ¨

 

Item 6. Ownership of More than Five Percent on Behalf of Another Person.

As described under “Executive Compensation—Compensation Discussion and Analysis—Summary of PBF LLC Series B Units” in the Final Prospectus of the Company, filed with the SEC on December 13, 2012, holders of profits interests in PBF Energy Company LLC (the “Series B Units”), including certain officers of the Company, may be deemed to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of the Common Stock held by the Reporting Persons.

 

Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company.

Not applicable.

 

Page 21

Item 8. Identification and Classification of Members of the Group.

Each of the Blackstone Funds and the First Reserve Funds listed below (collectively, the “Shareholder Parties”) is a party to the Stockholders’ Agreement of the Company dated as of December 12, 2012 (the “Shareholders Agreement”). Given the terms of the Shareholders Agreement, each of the Shareholder Parties and certain of their respective affiliates may be deemed to be a member of a group that may be deemed to beneficially own the aggregate 67,754,653 shares of Common Stock, consisting entirely of outstanding PBF LLC Series A Units exchangeable into shares of Common Stock, or 74.2% of the outstanding shares of Common Stock, assuming exchange of the PBF LLC Series A Units held by the Shareholder Parties, subject to the Shareholders Agreement.

The Blackstone Funds

Blackstone PB Capital Partners V Subsidiary L.L.C.

Blackstone PB Capital Partners V-AC L.P.

Blackstone Family Investment Partnership V USS L.P.

Blackstone Family Investment Partnership V-A USS SMD L.P.

Blackstone Participation Partnership V USS L.P.

The First Reserve Funds

FR PBF Holdings LLC

FR PBF Holdings II LLC

 

Item 9. Notice of Dissolution of Group.

Not Applicable.

 

Item 10. Certification.

Not applicable.

 

Page 22

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated: February 14, 2013

 

Blackstone PB Capital Partners V Subsidiary L.L.C.
By:   Blackstone PB Capital Partners V L.P., its sole member
By:   Blackstone Management Associates V USS L.L.C., its general partner
By:   BMA V USS L.L.C., its sole member
By:  

/s/ John G. Finley

Name:   John G. Finley
Title:   Chief Legal Officer
Blackstone PB Capital Partners V-AC L.P.
By:   Blackstone Management Associates V USS L.L.C., its general partner
By:   BMA V USS L.L.C., its sole member
By:  

/s/ John G. Finley

Name:   John G. Finley
Title:   Chief Legal Officer
Blackstone Family Investment Partnership V USS L.P.
By:   BCP V USS Side-by-Side GP L.L.C., its general partner
By:  

/s/ John G. Finley

Name:   John G. Finley
Title:   Chief Legal Officer
Blackstone Family Investment Partnership V-A USS SMD L.P.
By:   Blackstone Family GP L.L.C., its general partner
By:  

/s/ John G. Finley

Name:   John G. Finley
Title:   Chief Legal Officer
Blackstone Participation Partnership V USS L.P.
By:   BCP V USS Side-by-Side GP L.L.C., its general partner
By:  

/s/ John G. Finley

Name:   John G. Finley
Title:   Chief Legal Officer
Blackstone PB Capital Partners V L.P.
By:   Blackstone Management Associates V USS L.L.C., its general partner

 

Page 23

By:   BMA V USS L.L.C., its sole member
By:  

/s/ John G. Finley

Name:   John G. Finley
Title:   Chief Legal Officer
Blackstone Management Associates V USS L.L.C.
By:   BMA V USS L.L.C., its sole member
By:  

/s/ John G. Finley

Name:   John G. Finley
Title:   Chief Legal Officer
BMA V USS L.L.C.
By:  

/s/ John G. Finley

Name:   John G. Finley
Title:   Chief Legal Officer
BCP V USS Side-by-Side GP L.L.C.
By:  

/s/ John G. Finley

Name:   John G. Finley
Title:   Chief Legal Officer
Blackstone Family GP L.L.C.
By:  

/s/ John G. Finley

Name:   John G. Finley
Title:   Chief Legal Officer
Blackstone Holdings II L.P.
By:   Blackstone Holdings I/II GP Inc., its general partner
By:  

/s/ John G. Finley

Name:   John G. Finley
Title:   Chief Legal Officer
Blackstone Holdings I/II GP Inc.
By:  

/s/ John G. Finley

Name:   John G. Finley
Title:   Chief Legal Officer
The Blackstone Group L.P.
By:   Blackstone Group Management L.L.C., its general partner
By:  

/s/ John G. Finley

Name:   John G. Finley
Title:   Chief Legal Officer
Blackstone Group Management L.L.C.
By:  

/s/ John G. Finley

Name:   John G. Finley
Title:   Chief Legal Officer
By:  

/s/ Stephen A. Schwarzman

  Stephen A. Schwarzman

 

Page 24

EXHIBIT LIST

 

Exhibit A    Joint Filing Agreement, dated February 14, 2013, among the Reporting Persons (filed herewith).

 

Page 25