SEC Form 4/A · accession 0001140361-17-013814
International Seaways, Inc. · INSW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 4/A). It replaces an earlier filing for the same period.
Reporting owner
James D Small III
Officer — CAO, S & General Counsel
Period of report
Mar 2, 2017
Accepted (ET)
Mar 29, 2017 · 6:17 pm EDT
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 | Mar 2, 2017 | J | 5,837 | — | A | 7,679 | D | |
| Common Stock, no par value per shareF2,F1 | Mar 2, 2017 | F | 2,416 | — | D | 5,263 | D |
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,F2 | $0.00 | Mar 2, 2017 | J | 5,837 | D | — | — | Common Stock | 5,837 | 5,838 | D |
Explanation of responses
- F1These 5,837 shares of Common Stock were acquired upon the vesting of 5,837 restricted stock units on March 2, 2017. In connection with the vesting of the units, 2,416 shares of Common Stock (and not the 2,531 shares as was erroneously calculated and reported in the original filing) were withheld by International Seaways, Inc. in payment of the reporting person's tax withholding liability incurred as a result of the vesting of the units.
- F2These 5,837 restricted stock units vested on March 2, 2017 and were settled in shares of Common Stock as reported in Table 1 on this Form 4.