Form 4 for INSW International Seaways, Inc.
Accepted 2022-11-22 00:00:00 ET · period of report 2022-11-18 · accession 0001567619-22-020784 · 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 | 2022-11-22 | 2022-11-18 | INSW | Small James D III | CAO, SVP, GC, Sec | M - OptEx | $20.62 | +19.6K | 75.3K | +35% | +$405.0K |
| DM | 2022-11-22 | 2022-11-18 | INSW | Small James D III | CAO, SVP, GC, Sec | F - Tax | $45.90 | -14.7K | 64.9K | -18% | -$675.3K |
| DM | 2022-11-22 | 2022-11-18 | INSW | Small James D III | CAO, SVP, GC, Sec | M - OptEx | — | -19.6K | 10.4K | -65% | — |
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. | 2022-11-18 | M | A | 9,206 | $19.13 | 71,625 | D | — | — | (F1) These stock options were exercised on a net share settlement basis. Accordingly, the Issuer is delivering in aggregate 4,932 shares to Mr. Small in connection with this option exercise, with no shares being sold externally. |
| 2 | Common | Common Stock, no par value per share. | 2022-11-18 | M | A | 10,438 | $21.93 | 75,305 | D | — | — | (F1) These stock options were exercised on a net share settlement basis. Accordingly, the Issuer is delivering in aggregate 4,932 shares to Mr. Small in connection with this option exercise, with no shares being sold externally. |
| 3 | Common | Common Stock, no par value per share. | 2022-11-18 | F | D | 7,954 | $45.90 | 67,351 | 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. |
| 4 | Common | Common Stock, no par value per share. | 2022-11-18 | F | D | 6,758 | $45.90 | 64,867 | 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) | 2022-11-18 | M | D | 9,206 | — | 9,205 | D | $19.13 · 2020-03-29 to 2027-03-29 | 9,206 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. |
| 6 | Derivative | Stock Option (Right to Buy) | 2022-11-18 | M | D | 10,438 | — | 10,438 | D | $21.93 · 2022-04-02 to 2030-04-02 | 10,438 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. |