PBF ENERGY INC

Ticker: PBF CUSIP: 69318G106 Class: Common Stock

MASTERS CAPITAL MANAGEMENT LLC's Holding History (CIK: 0001104186)

Note: Option positions (PUT/CALL) are excluded.

Q3 2016

Shares 400,000 Value ($000) $9,056 Avg Close $22.47 Range $20.57 - $24.47

Q4 2014

Shares 300,000 Value ($000) $7,992 Avg Close $26.05 Range $21.02 - $30.75

Q3 2014

Shares 750,410 Value ($000) $18,010 Avg Close $26.36 Range $23.57 - $28.55

Q2 2014

Shares 500,000 Value ($000) $13,325 Avg Close $29.58 Range $25.61 - $32.48

Q1 2014

Shares 792,969 Value ($000) $20,459 Avg Close $26.58 Range $23.57 - $31.66

Q4 2013

Shares 200,000 Value ($000) $6,292 Avg Close $27.28 Range $21.20 - $31.52

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2016	400,000	$9,056	$22.47	$20.57 - $24.47
Q4 2014	300,000	$7,992	$26.05	$21.02 - $30.75
Q3 2014	750,410	$18,010	$26.36	$23.57 - $28.55
Q2 2014	500,000	$13,325	$29.58	$25.61 - $32.48
Q1 2014	792,969	$20,459	$26.58	$23.57 - $31.66
Q4 2013	200,000	$6,292	$27.28	$21.20 - $31.52