Form 4 for FTAI FTAI Aviation Ltd.
Accepted 2024-08-14 00:00:00 ET · period of report 2024-08-13 · accession 0000950170-24-096647 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2024-08-14 | 2024-08-13 | FTAI | Adams Joseph P. Jr. | CEO, COB, Dir | F - Tax | $103.75 | -36.1K | 329.7K | -10% | -$3.75M |
| DM | 2024-08-14 | 2024-08-13 | FTAI | Adams Joseph P. Jr. | CEO, COB, Dir | M - OptEx | $22.25 | +168.4K | 353.0K | +91% | +$3.75M |
| DM | 2024-08-14 | 2024-08-13 | FTAI | Adams Joseph P. Jr. | CEO, COB, Dir | M - OptEx | $0.00 | -168.4K | 0 | -100% | $0 |
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 | Ordinary Shares | 2024-08-13 | F | D | 36,122 | $103.75 | 329,691 | D | — | — | |
| 2 | Common | Ordinary Shares | 2024-08-13 | M | A | 12,838 | $21.51 | 365,813 | D | — | — | |
| 3 | Common | Ordinary Shares | 2024-08-13 | M | A | 35,593 | $24.99 | 232,975 | D | — | — | |
| 4 | Common | Ordinary Shares | 2024-08-13 | M | A | 120,000 | $21.51 | 352,975 | D | — | — | |
| 5 | Derivative | Stock Option (right to buy) | 2024-08-13 | M | D | 120,000 | $0.00 | 0 | D | $21.51 · — to 2031-09-14 | 120,000 Ordinary Shares | (F2) Tandem awards correspond on a one-to-one basis with options granted to FIG LLC, the Company's former manager (or an affiliate of the Company's former manager), such that exercise by an employee of the tandem award would result in the corresponding option held by the former manager being cancelled. Upon the grant of options to the former manager (or an affiliate), such options were fully vested and became exercisable over a 30-month period (the "Total Exercisability Period") in monthly installments beginning on the first of each month following the month in which the options were granted. (F3) When tandem awards were granted with respect to former manager options, the former manager options became exercisable in monthly installments over a portion of the Total Exercisability Period equal to the product of (i) the ratio of tandem awards to the total number of related options (including options underlying such tandem awards) multiplied by (ii) 30 (such period, the "Manager Exercisability Period"). Following the Manager Exercisability Period, the tandem awards vest in monthly installments on the first of each month over the remainder of the Total Exercisability Period and became exercisable only at the end of the Total Exercisability Period. (F4) Represents the expiration date of the related former manager option. In general, the expiration date of the tandem award occurs prior to the expiration date of the underlying option. |
| 6 | Derivative | Stock Option (right to buy) | 2024-08-13 | M | D | 35,593 | $0.00 | 0 | D | $24.99 · — to 2031-03-25 | 35,593 Ordinary Shares | (F2) Tandem awards correspond on a one-to-one basis with options granted to FIG LLC, the Company's former manager (or an affiliate of the Company's former manager), such that exercise by an employee of the tandem award would result in the corresponding option held by the former manager being cancelled. Upon the grant of options to the former manager (or an affiliate), such options were fully vested and became exercisable over a 30-month period (the "Total Exercisability Period") in monthly installments beginning on the first of each month following the month in which the options were granted. (F3) When tandem awards were granted with respect to former manager options, the former manager options became exercisable in monthly installments over a portion of the Total Exercisability Period equal to the product of (i) the ratio of tandem awards to the total number of related options (including options underlying such tandem awards) multiplied by (ii) 30 (such period, the "Manager Exercisability Period"). Following the Manager Exercisability Period, the tandem awards vest in monthly installments on the first of each month over the remainder of the Total Exercisability Period and became exercisable only at the end of the Total Exercisability Period. (F4) Represents the expiration date of the related former manager option. In general, the expiration date of the tandem award occurs prior to the expiration date of the underlying option. |
| 7 | Derivative | Stock Option (right to buy) | 2024-08-13 | M | D | 12,838 | $0.00 | 0 | D | $21.51 · — to 2031-10-12 | 12,838 Ordinary Shares | (F2) Tandem awards correspond on a one-to-one basis with options granted to FIG LLC, the Company's former manager (or an affiliate of the Company's former manager), such that exercise by an employee of the tandem award would result in the corresponding option held by the former manager being cancelled. Upon the grant of options to the former manager (or an affiliate), such options were fully vested and became exercisable over a 30-month period (the "Total Exercisability Period") in monthly installments beginning on the first of each month following the month in which the options were granted. (F3) When tandem awards were granted with respect to former manager options, the former manager options became exercisable in monthly installments over a portion of the Total Exercisability Period equal to the product of (i) the ratio of tandem awards to the total number of related options (including options underlying such tandem awards) multiplied by (ii) 30 (such period, the "Manager Exercisability Period"). Following the Manager Exercisability Period, the tandem awards vest in monthly installments on the first of each month over the remainder of the Total Exercisability Period and became exercisable only at the end of the Total Exercisability Period. (F4) Represents the expiration date of the related former manager option. In general, the expiration date of the tandem award occurs prior to the expiration date of the underlying option. |