SEC Form 4 · accession 0001140361-18-000518
International Seaways, Inc. · INSW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey Pribor
Officer — SVP,Chief Financial Officer &T
Period of report
Dec 29, 2017
Accepted (ET)
Jan 3, 2018 · 5:28 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 | Dec 29, 2017 | J | 11,882 | — | A | 11,882 | D | |
| Common Stock, no par value per shareF1 | Dec 29, 2017 | F | 4,720 | — | D | 7,162 | 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 UnitsF2 | $0.00 | Dec 29, 2017 | D | 11,882 | D | — | — | Common Stock | 11,882 | 0 | D |
Explanation of responses
- F1These 11,882 shares of Common Stock were acquired upon the vesting of 11,882 restricted stock units on December 29, 2017 pursuant to the terms of the Mr. Pribor's employment agreement (the "Employee Agreement") with International Seaways, Inc. ("INSW") and the INSW Management Incentive Plan (the "Plan"). In connection with the vesting of the units, 4,720 shares were withheld by INSW in payment of the Reporting Person's tax withholding liability incurred as a result of the vesting of the units.
- F2These restricted stock units vested on December 29, 2017 and were settled in shares of Common Stock as reported in Table I of this Form 4.