Form 4 for INSW International Seaways, Inc.
Accepted 2022-10-05 00:00:00 ET · period of report 2022-10-03 · accession 0001567619-22-018276 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2022-10-05 | 2022-10-03 | INSW | Zabrocky Lois K | Pres, CEO, Dir | M - OptEx | $20.30 | +66.3K | 164.1K | +68% | +$1.35M |
| DM | 2022-10-05 | 2022-10-03 | INSW | Zabrocky Lois K | Pres, CEO, Dir | F - Tax | $34.99 | -52.6K | 112.8K | -32% | -$1.84M |
| DM | 2022-10-05 | 2022-10-03 | INSW | Zabrocky Lois K | Pres, CEO, Dir | M - OptEx | — | -66.3K | 0 | -100% | — |
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 per share | 2022-10-03 | M | A | 14,942 | $30.93 | 126,921 | D | — | — | (F1) These stock options were exercised on a net share settlement basis. Accordingly, the company is delivering in aggregate 13,653 shares to Mrs. Zabrocky in connection with this option exercise, with no shares being sold externally. |
| 2 | Common | Common Stock, no par value per share | 2022-10-03 | F | D | 38,511 | $34.99 | 125,634 | 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. |
| 3 | Common | Common Stock, no par value per share | 2022-10-03 | M | A | 51,314 | $17.21 | 164,145 | D | — | — | (F1) These stock options were exercised on a net share settlement basis. Accordingly, the company is delivering in aggregate 13,653 shares to Mrs. Zabrocky in connection with this option exercise, with no shares being sold externally. |
| 4 | Common | Common Stock, no par value per share | 2022-10-03 | F | D | 14,090 | $34.99 | 112,831 | 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. |
| 5 | Derivative | Stock Option (Right to Buy) | 2022-10-03 | M | D | 14,942 | — | 0 | D | $30.93 · 2017-09-29 to 2024-09-29 | 14,942 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 these options vested on the date exercisable date. |
| 6 | Derivative | Stock Option (Right to Buy) | 2022-10-03 | M | D | 51,314 | — | 0 | D | $17.21 · 2022-04-05 to 2029-04-05 | 51,314 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 these options vested on the date exercisable date. |