Form 4/A for INSW International Seaways, Inc.
Accepted 2024-01-22 00:00:00 ET · period of report 2024-01-22 · accession 0001679049-24-000009 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DMA | 2024-01-22 | 2024-01-17 | INSW | Small James D III | CAO, SVP, GC, Sec | F - Tax | $51.68 | -15.3K | 45.3K | -25% | -$791.3K |
| DMA | 2024-01-22 | 2024-01-17 | INSW | Small James D III | CAO, SVP, GC, Sec | M - OptEx | $21.76 | +20.6K | 55.5K | +59% | +$448.7K |
| DMA | 2024-01-22 | 2024-01-17 | INSW | Small James D III | CAO, SVP, GC, Sec | M - OptEx | — | -20.6K | 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 | 2024-01-17 | F | D | 7,456 | $51.68 | 48,027 | 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 | 2024-01-17 | M | A | 10,438 | $21.93 | 53,155 | D | — | — | (F1) These stock options were exercised on a net share settlement basis. Accordingly, the Issuer is delivering in aggregate 5,310 shares to Mr. Small in connection with this option exercise, with no shares being sold externally. The previously filed Form 4 incorrectly overstated the number of shares delivered to the Reporting Person due to an arithmetical error in calculating withholding taxes. |
| 3 | Common | Common Stock, no par value per share | 2024-01-17 | F | D | 7,856 | $51.68 | 45,299 | 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 | 2024-01-17 | M | A | 10,184 | $21.58 | 55,483 | D | — | — | (F1) These stock options were exercised on a net share settlement basis. Accordingly, the Issuer is delivering in aggregate 5,310 shares to Mr. Small in connection with this option exercise, with no shares being sold externally. The previously filed Form 4 incorrectly overstated the number of shares delivered to the Reporting Person due to an arithmetical error in calculating withholding taxes. |
| 5 | Derivative | Stock Option (Right to Buy) | 2024-01-17 | M | D | 10,184 | — | 10,187 | D | $21.58 · 2023-03-17 to 2031-03-17 | 10,184 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. (F1) These stock options were exercised on a net share settlement basis. Accordingly, the Issuer is delivering in aggregate 5,310 shares to Mr. Small in connection with this option exercise, with no shares being sold externally. The previously filed Form 4 incorrectly overstated the number of shares delivered to the Reporting Person due to an arithmetical error in calculating withholding taxes. (F4) 66.67% of the options granted on March 17, 2021 had vested and were exercisable on March 17, 2023. |
| 6 | Derivative | Stock Option (Right to Buy) | 2024-01-17 | M | D | 10,438 | — | 0 | D | $21.93 · 2023-04-02 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. (F1) These stock options were exercised on a net share settlement basis. Accordingly, the Issuer is delivering in aggregate 5,310 shares to Mr. Small in connection with this option exercise, with no shares being sold externally. The previously filed Form 4 incorrectly overstated the number of shares delivered to the Reporting Person due to an arithmetical error in calculating withholding taxes. (F3) 100% of these options were vested on the date exercisable date. |