SEC Form 4 · accession 0001140361-17-008145
International Seaways, Inc. · INSW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
Jeffrey Pribor
Officer — SVP,Chief Financial Officer &T
Period of report
Feb 14, 2017
Accepted (ET)
Feb 17, 2017 · 5:01 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001679049
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1 | $0.00 | Feb 14, 2017 | A | 35,646 | A | — | — | Common Stock , no par value per share | 35,646 | 35,646 | D |
| Stock Option (Right to Buy)F2 | $14.03 | Feb 14, 2017 | A | 79,491 | A | — | Feb 14, 2027 | Common Stock , no par value per share | 79,491 | 79,491 | D |
Explanation of responses
- F1These restricted stock units were granted pursuant to the terms of Mr. Pribor's employment agreement (the "Employment Agreement") with International Seaways, Inc. ("INSW") and the INSW Management Incentive Plan (the "Plan") and vest as to one third of such units on each of the first, second and the third anniversaries of December 31, 2016 (the "Vesting Commencement Date"). Each unit represents the right to acquire one share of Common Stock. Settlement of vested units may be in either shares of Common Stock or cash as determined by the Compensation and Human Resources Committee of the Board in its discretion. Settlement must occur no later than March 15 of the calendar year following vesting of the units.
- F2The options to purchase these shares of Common Stock was granted pursuant to the Employment Agreement and the Plan and will become exercisable as to one-third of such shares on the first, second and third anniversary of the Vesting Commencement Date.