Filing Details

Accession Number:
0001178913-11-001281
Form Type:
4
Zero Holdings:
No
Publication Time:
2011-05-05 15:24:47
Reporting Period:
2011-05-04
Filing Date:
2011-05-05
Accepted Time:
2011-05-05 15:24:47
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1325955 Alon Usa Energy Inc. ALJ Petroleum Refining (2911) 742966572
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1320637 Ltd Investments Israel Africa 4 Hachoresh Street
Yehud L3 56470
No No Yes No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock, Par Value $0.01 Per Share Disposition 2011-05-04 190,643 $12.59 2,389,131 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock, Par Value $0.01 Per Share Option (Right to Buy) $0.00 2011-07-01 2011-07-01 3,675,539 3,675,539 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
2011-07-01 3,675,539 3,675,539 Direct
Footnotes
  1. The option described herein (the "Option") is exercisable by the Reporting Person for no additional cash consideration. The Option represents an option of the Reporting Person to acquire up to an additional 3,675,539 shares of the Issuer's common stock (the "Option Shares") from Alon Israel Oil Company, Ltd. ("Alon Israel").
  2. The primary consideration with respect to the Reporting Person's acquisition of the Option Shares was provided by Africa-Israel Trade & Agencies Ltd ("Africa-Israel Trade") under a share exchange transaction between Africa-Israel Trade and Alon Israel Oil Company, Ltd. ("Alon Israel") on September 17, 2009 (the "Share Exchange Transaction") (the rights related to which were immediately assigned by Africa-Israel Trade to the Reporting Person), pursuant to which Africa-Israel Trade surrendered shares of Alon Israel to Alon Israel in exchange for 2,579,774 shares of the Issuer's common stock (the "Shares") and the Option (and, by extension, the right to acquire the Option Shares). As additional consideration for the Shares, the Option and the Option Shares, the Reporting Person (as assignee of Africa-Israel Trade) furthermore agreed to be bound by the terms and conditions of the agreement pursuant to which the Share Exchange Transaction was consummated.
  3. Such date represents the date on which the Option will be deemed exercised mandatorily, without any action required on the part of the Reporting Person. The Option may not be exercised before such date.
  4. This number of shares reflects the maximum number of Option Shares issuable to the Reporting Person upon exercise of the Option. The actual number of Option Shares to be issued upon exercise will be determined under a formula that is appended to the agreement for the Share Exchange Transaction.