Form 4/A for INSW International Seaways, Inc.
Accepted 2022-05-05 00:00:00 ET · period of report 2022-05-02 · accession 0000919574-22-003010 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MAI | 2022-05-05 | 2022-05-02+ | INSW | GREENWICH HOLDINGS LTD. | 10% | P - Purchase | $21.16 | +231.3K | 8.17M | +3% | +$4.89M |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock, no par value | 2022-05-04 | P | A | 100,000 | $21.71 | 8,266,856 | I See footnotes | — | — | (F2) The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $21.57 to $22.28. The reporting person undertakes to provide International Seaways, Inc., any security holder of International Seaways, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each price within the range set forth herein. (F3) These shares are directly held by Famatown Finance Ltd. (F4) C.K. Limited is the trustee of two trusts (the "Trusts") settled by Mr. John Fredriksen. The Trusts indirectly hold all of the shares of Greenwich Holdings Limited and Famatown Finance Ltd. Accordingly, C.K. Limited, as trustee, may be deemed to beneficially own the shares of common stock of the Issuer that are beneficially owned by Greenwich Holdings Limited and owned by Famatown Finance Ltd. The beneficiaries of the Trusts are members of Mr. Fredriksen's family. Mr. Fredriksen is neither a beneficiary nor a trustee of either Trust. Therefore, Mr. Fredriksen has no economic interest in such shares of common stock and Mr. Fredriksen disclaims any control over such shares of common stock, save for any indirect influence he may have with C.K. Limited, as the trustee of the Trusts, in his capacity as the settlor of the Trusts. |
| 2 | Common | Common Stock, no par value | 2022-05-02 | P | A | 131,308 | $20.74 | 8,166,856 | I See footnotes | — | — | (F1) The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $20.465 to $21.10. The reporting person undertakes to provide International Seaways, Inc., any security holder of International Seaways, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each price within the range set forth herein. (F3) These shares are directly held by Famatown Finance Ltd. (F4) C.K. Limited is the trustee of two trusts (the "Trusts") settled by Mr. John Fredriksen. The Trusts indirectly hold all of the shares of Greenwich Holdings Limited and Famatown Finance Ltd. Accordingly, C.K. Limited, as trustee, may be deemed to beneficially own the shares of common stock of the Issuer that are beneficially owned by Greenwich Holdings Limited and owned by Famatown Finance Ltd. The beneficiaries of the Trusts are members of Mr. Fredriksen's family. Mr. Fredriksen is neither a beneficiary nor a trustee of either Trust. Therefore, Mr. Fredriksen has no economic interest in such shares of common stock and Mr. Fredriksen disclaims any control over such shares of common stock, save for any indirect influence he may have with C.K. Limited, as the trustee of the Trusts, in his capacity as the settlor of the Trusts. |