13G Filing: Baupost Group and PBF Energy Inc. (PBF)

PBF Energy Inc. (NYSE:PBF): Seth Klarman’s Baupost Group filed an amended 13D.

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You can access the original SEC filing by clicking here.

Ownership Summary Table

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
The Baupost Group 0 10,924,175 0 10,924,175 10,924,175 9.93%
SAK Corporation 04-3334541 0 10,924,175 0 10,924,175 10,924,175 9.93%
Seth A. Klarman 0 10,924,175 0 10,924,175 10,924,175 9.93%

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Page 1 of 5 – SEC Filing



UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
Washington,
D.C. 20549
SCHEDULE
13G
Under
the Securities Exchange Act of 1934

(Amendment No.
03)*
PBF ENERGY INC. 

(Name
of Issuer)
Common Stock

(Title of Class of Securities)

69318G106

(CUSIP Number)

November 30, 2017

(Date of Event Which Requires Filing of this Statement)


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

x
Rule
13d-1(b)

o
Rule
13d-1(c)

o
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 the
disclosures provided in a prior cover page.
The
information required in 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).


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Page 2 of 5 – SEC Filing

CUSIP
No. 
69318G106    
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
The Baupost Group, L.L.C.
04-3402144
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE
INSTRUCTIONS)

(a)
o
(b)
x
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
The Commonwealth of Massachusetts
NUMBER OF SHARES
BENEFICIALLY  OWNED BY EACH REPORTING PERSON WITH:
5 SOLE VOTING POWER
0
6 SHARED VOTING POWER
10,924,175
7 SOLE DISPOSITIVE POWER
0
8 SHARED DISPOSITIVE POWER
10,924,175
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
10,924,175
10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES (SEE INSTRUCTIONS)
o
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.93%
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IA

FOOTNOTES

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Page 3 of 5 – SEC Filing

CUSIP
No. 
69318G106    
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
SAK Corporation
04-3334541
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE
INSTRUCTIONS)

(a)
o
(b)
x
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
The Commonwealth of Massachusetts
NUMBER OF SHARES
BENEFICIALLY  OWNED BY EACH REPORTING PERSON WITH:
5 SOLE VOTING POWER
0
6 SHARED VOTING POWER
10,924,175
7 SOLE DISPOSITIVE POWER
0
8 SHARED DISPOSITIVE POWER
10,924,175
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
10,924,175
10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES (SEE INSTRUCTIONS)
o
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.93%
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
HC

FOOTNOTES

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Page 4 of 5 – SEC Filing

CUSIP
No. 
69318G106    
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Seth A. Klarman
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE
INSTRUCTIONS)

(a)
o
(b)
x
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
The United States of America
NUMBER OF SHARES
BENEFICIALLY  OWNED BY EACH REPORTING PERSON WITH:
5 SOLE VOTING POWER
0
6 SHARED VOTING POWER
10,924,175
7 SOLE DISPOSITIVE POWER
0
8 SHARED DISPOSITIVE POWER
10,924,175
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
10,924,175
10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES (SEE INSTRUCTIONS)
o
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.93%
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
HC

FOOTNOTES

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Page 5 of 5 – SEC Filing

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.
  The Baupost Group, L.L.C.
 
       

Date:
December 08, 2017
By:
/s/
Seth A. Klarman
 
   
Name: Seth A. Klarman
 
   
Title:
Partner and Chief Executive Officer
 
       
  SAK Corporation
 
       

Date:
December 08, 2017
By:
/s/
Seth A. Klarman
 
   
Name: Seth A. Klarman
 
   
Title:
President
 
       
  Seth A. Klarman
 
       

Date:
December 08, 2017
By:
/s/
Seth A. Klarman
 
   
Name: Seth A. Klarman
 
     
       
Footnotes:
Item 3, Item 4 and Item 7


This statement on Schedule 13G is being jointly filed by The Baupost Group, L.L.C. (“Baupost”), SAK Corporation and Seth A. Klarman. Baupost is a registered investment adviser and acts as an investment adviser and general partner to various private investment limited partnerships. Securities reported on this statement on Schedule 13G as being beneficially owned by Baupost were purchased on behalf of certain of such partnerships. SAK Corporation, as the Manager of Baupost, and Mr. Klarman, as the sole shareholder of SAK Corporation and a controlling person of Baupost, may be deemed to have beneficial ownership under Section 13 of the Securities Exchange Act of 1934, as amended, of the securities beneficially owned by Baupost.


Pursuant to Rule 13d-4, Seth A. Klarman and SAK Corporation declare that the filing of this statement on Schedule 13G shall not be deemed an admission by either or both of them that they are, for the purposes of Section 13 of the Securities Exchange Act of 1934, as amended, the beneficial owner of any securities covered by this statement on Schedule 13G.
Attention:
Intentional
misstatements or omissions of fact constitute Federal criminal violations (See
18 U.S.C. 1001)
 

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