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Filing Details

Accession Number:: 0001178913-11-001354
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2011-05-12 17:22:26
Reporting Period:: 2011-05-11

Filing Date:: 2011-05-12
Accepted Time:: 2011-05-12 17:22:26
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

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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	263,625	$11.38	2,125,506	No	4	S	Direct
Common Stock, Par Value $0.01 Per Share	Disposition	2011-05-04	73,641	$13.58	2,051,865	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Direct
No	4	S	Direct

Reported Derivative Holdings

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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

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").
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.
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.
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.