Form 4 for INSW International Seaways, Inc.

Accepted 2022-09-16 00:00:00 ET · period of report 2022-09-14 · accession 0001567619-22-017546 · 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	2022-09-16	2022-09-14	INSW	Small James D III	CAO, SVP, GC, Sec	F - Tax	$33.95	-15.9K	56.3K	-22%	-$538.8K
D	2022-09-16	2022-09-14	INSW	Small James D III	CAO, SVP, GC, Sec	M - OptEx	$17.46	+20.4K	72.1K	+39%	+$356.3K
D	2022-09-16	2022-09-14	INSW	Small James D III	CAO, SVP, GC, Sec	M - OptEx	—	-20.4K	0	-100%	—

Purchase Sale Sale after option exercise All abbreviations

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Common Stock, no par value per share.	2022-09-14	F	D	15,871	$33.95	56,271	D	—	—	(F2) Represents the number of shares withheld by the Issuer to satisfy (i) the aggregate exercise price for the options and (ii) withholding taxes related to such exercise.
2	Common	Common Stock, no par value per share.	2022-09-14	M	A	20,404	$17.46	72,142	D	—	—	(F1) These stock options were exercised on a net share settlement basis. Accordingly, the company is delivering 4,533 shares to Mr. Small in connection with this option exercise, with no shares being sold externally.
3	Derivative	Stock Option (Right to Buy)	2022-09-14	M	D	20,404	—	0	D	$17.46 · 2022-04-05 to 2028-04-05	20,404 Common Stock	(F2) Represents the number of shares withheld by the Issuer to satisfy (i) the aggregate exercise price for the options and (ii) withholding taxes related to such exercise. (F3) 100% of the options vested and were exercisable on April 5, 2022.