SEC Form 4 · accession 0001140361-16-088583
International Seaways, Inc. · INSW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ronald Steger
Director
Period of report
Nov 30, 2016
Accepted (ET)
Dec 2, 2016 · 3:15 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 value per shareF1 | Nov 30, 2016 | J | 6,629 | $0.00 | A | 6,629 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The Reporting Person received these shares of Common Stock of International Seaways, Inc. ("INSW") as a result of the distribution on November 30, 2016 of 0.3333 shares of common stock of INSW for every one share of Class A Common Stock of Overseas Shipholding Group, Inc. ("OSG") held by the Reporting Person on November 18, 2016, the record date for the spin-off transaction. Of these shares, 2,810 shares are attributable to the 8,432 shares of Class A Common Stock of OSG granted to the Reporting Person on June 23, 2016 pursuant to OSG's Non-Employee Director Incentive Compensation Plan and vest on the earlier of (i) June 8, 2017 and (ii) the date of the annual meeting of OSG's stockholders in 2017.