SEC Form 4 · accession 0001140361-16-088532
International Seaways, Inc. · INSW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
OVERSEAS SHIPHOLDING GROUP INC
10% Owner
Period of report
Nov 30, 2016
Accepted (ET)
Dec 2, 2016 · 2:03 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001679049
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, no par valueF2,F1 | Nov 30, 2016 | J | 29,157,387 | $0.00 | D | 0 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On November 30, 2016 at 5:00 p.m., all of the outstanding shares of common stock of International Seaways, Inc. ("INSW") were distributed by Overseas Shipholding Group, Inc. ("OSG") to OSG's shareholders.
- F2On November 30, 2016, simultaneously with the effectiveness of the amended and restated articles of incorporation of INSW that increased the number of authorized shares of INSW common stock, no par value, to 100,000,000, INSW effected a stock split (the "Stock Split"). Prior to the Stock Split, OSG owned 102.21 shares of INSW common stock and, as a result of the Stock Split, such shares of INSW common stock became 29,157,387 shares of INSW common stock.