Form 4 for FTAI FTAI Aviation Ltd.
Accepted 2021-08-24 00:00:00 ET · period of report 2021-08-23 · accession 0001209191-21-053116 · 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 | 2021-08-24 | 2021-08-23 | FTAI | Nicholson Kenneth J. | Dir | F - Tax | $27.21 | -55.3K | 84.3K | -40% | -$1.51M |
| DM | 2021-08-24 | 2021-08-23 | FTAI | Nicholson Kenneth J. | Dir | M - OptEx | $18.22 | +82.6K | 139.6K | +145% | +$1.51M |
| DM | 2021-08-24 | 2021-08-23 | FTAI | Nicholson Kenneth J. | Dir | M - OptEx | $0.00 | -82.6K | 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 | Common Shares | 2021-08-23 | F | D | 55,330 | $27.21 | 84,270 | D | — | — | |
| 2 | Common | Common Shares | 2021-08-23 | M | A | 70,000 | $18.65 | 126,966 | D | — | — | |
| 3 | Common | Common Shares | 2021-08-23 | M | A | 12,634 | $15.83 | 139,600 | D | — | — | |
| 4 | Derivative | Stock Option (right to buy) | 2021-08-23 | M | D | 12,634 | $0.00 | 0 | D | $15.83 · — to 2028-12-06 | 12,634 Common Shares | (F3) When tandem awards are granted with respect to manager options, the manager options become 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 become exercisable only at the end of the Total Exercisability Period. (F2) Tandem awards correspond on a one-to-one basis with options granted to FIG LLC, the Company's manager (or an affiliate of the Company's manager), such that exercise by an employee of the tandem award would result in the corresponding option held by the manager being cancelled. Upon the grant of options to the manager (or an affiliate), such options are fully vested and become 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. (Continued in Footenote 3) (F4) Represents the expiration date of the related manager option. In general, the expiration date of the tandem award occurs prior to the expiration date of the underlying option. |
| 5 | Derivative | Stock Option (right to buy) | 2021-08-23 | M | D | 70,000 | $0.00 | 0 | D | $18.65 · — to 2028-01-16 | 70,000 Common Shares | (F3) When tandem awards are granted with respect to manager options, the manager options become 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 become exercisable only at the end of the Total Exercisability Period. (F2) Tandem awards correspond on a one-to-one basis with options granted to FIG LLC, the Company's manager (or an affiliate of the Company's manager), such that exercise by an employee of the tandem award would result in the corresponding option held by the manager being cancelled. Upon the grant of options to the manager (or an affiliate), such options are fully vested and become 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. (Continued in Footenote 3) (F4) Represents the expiration date of the related manager option. In general, the expiration date of the tandem award occurs prior to the expiration date of the underlying option. |