XNYS:ALJ Alon USA Energy Inc Insider Activity 4 Filing - 3/8/2012

Effective Date 3/8/2012

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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
Wiessman David
  2. Issuer Name and Ticker or Trading Symbol
Alon USA Energy, Inc. [ALJ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Executive Chairman
(Last)
(First)
(Middle)
7616 LBJ FREEWAY,, SUITE 300
3. Date of Earliest Transaction (Month/Day/Year)
03/08/2012
(Street)

DALLAS, TX 75251
4. If Amendment, Date Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Warrant to acquire Common Stock, par value $0.01 per share(1) $9.7 03/08/2012 03/08/2012 S     123,711 05/03/2011 03/14/2016 Common Stock, par value $0.01 per share 123,711 (1) 0 D  
8.50% Series A Convertible Preferred Stock, par value $0.01(1) (2) 03/08/2012 03/08/2012 P   120,000   03/08/2012   (3) Common Stock, par value $0.01 per share 178,044 (1) 120,000 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Wiessman David
7616 LBJ FREEWAY,
SUITE 300
DALLAS, TX 75251
  X     Executive Chairman  

Signatures

 /s/ Sarah Braley Campbell, Attorney-in-fact for David Wiessman   03/12/2012
** Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Mr. Wiessman was party to a Loan Agreement pursuant to which Alon USA Energy, Inc. (the "Issuer") owed Mr. Wiessman $1.2 million. Mr. Wiessman is also the holder of warrants (the "Warrants") to purchase up to 123,711 shares of the Issuer's common stock. On March 8, 2012, the Company and Mr. Wiessman consummated a transaction pursuant to which the Issuer repaid Mr. Wiessman the $1.2 million loaned plus the unpaid interest thereunder and issued to Mr. Wiessman 120,000 shares of its 8.50% Series B Convertible Preferred Stock in exchange for $1.2 million in cash and the surrender of the Warrants.
(2) The convertible preferred stock is convertible by the holder at any time into Issuer common stock. Each share of convertible preferred stock is initially convertible into 1.4837 shares of the Issuer's common stock, subject to adjustment upon the occurrence of certain events as described in the Issuer's Certificate of Designation. Additionally, from and after March 8, 2015, if the Daily VWAP (as defined in the Issuer's Certificate of Designation) of the Issuer's common stock equals or exceeds 130% of the then-prevailing conversion price for at least 20 trading days in a period of 30 consecutive trading days, the Issuer may, at its option, require that all then outstanding shares of convertible preferred stock be automatically converted into a number of shares of the Issuer's common stock equal to the then applicable conversion rate.
(3) The convertible preferred stock has no expiration date.

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XNYS:ALJ Alon USA Energy Inc Insider Activity 4 Filling

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XNYS:ALJ Alon USA Energy Inc Insider Activity 4 Filing - 3/8/2012
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