Form 4 for INSW International Seaways, Inc.
Accepted 2022-11-18 00:00:00 ET · period of report 2022-11-17 · accession 0001567619-22-020635 · 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 | 2022-11-18 | 2022-11-17 | INSW | Zabrocky Lois K | Pres, CEO, Dir | F - Tax | $45.99 | -42.8K | 140.5K | -23% | -$1.97M |
| DM | 2022-11-18 | 2022-11-17 | INSW | Zabrocky Lois K | Pres, CEO, Dir | M - OptEx | $21.82 | +57.6K | 154.5K | +60% | +$1.26M |
| DM | 2022-11-18 | 2022-11-17 | INSW | Zabrocky Lois K | Pres, CEO, Dir | M - OptEx | — | -57.6K | 19.4K | -75% | — |
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 | 2022-11-17 | F | D | 28,797 | $45.99 | 135,576 | 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 | 2022-11-17 | M | A | 38,739 | $21.93 | 164,373 | D | — | — | (F1) These stock options were exercised on a net share settlement basis. Accordingly, the Issuer is delivering in aggregate 14,863 shares to Mrs. Zabrocky in connection with this option exercise, with no shares being sold externally. |
| 3 | Common | Common Stock, no par value per share | 2022-11-17 | M | A | 18,901 | $21.58 | 154,477 | D | — | — | (F1) These stock options were exercised on a net share settlement basis. Accordingly, the Issuer is delivering in aggregate 14,863 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 | 2022-11-17 | F | D | 13,980 | $45.99 | 140,497 | 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) | 2022-11-17 | M | D | 18,901 | — | 37,802 | D | $21.58 · 2022-03-17 to 2031-03-17 | 18,901 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. (F4) 33% of the options granted on March 17, 2021 had vested and were exercisable on March 17, 2022. |
| 6 | Derivative | Stock Option (Right to Buy) | 2022-11-17 | M | D | 38,739 | — | 19,370 | D | $21.93 · 2022-04-02 to 2030-04-02 | 38,739 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) 66% of the options granted on April 2, 2020 had vested and were exercisable on April 2, 2022. |