SEC Form 4 · accession 0001140361-18-012665
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
James D Small III
Officer — CAO,SVP,Sec.&General Counsel
Period of report
Mar 6, 2018
Accepted (ET)
Mar 8, 2018 · 6:02 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 | Mar 6, 2018 | M | 7,589 | — | A | 19,473 | D | |
| Common Stock, no par value per shareF1 | Mar 2, 2018 | F | 2,884 | — | D | 16,589 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Restricted Stock UnitsF2 | $0.00 | Mar 2, 2018 | M | 5,838 | D | — | — | Common Stock | 7,589 | 0 | D |
Explanation of responses
- F1These 7,589 shares of Common Stock were acquired upon the full vesting and settlement of 5,838 performance restricted stock units on March 6, 2018 pursuant to the International Seaways, Inc., Management Incentive Compensation Plan, which units were settled in shares of Common Stock. In connection with the settlement of the units, 2,884 shares of Common Stock were withheld by International Seaways, Inc. in payment of the reporting person's tax withholding liability incurred as a result of the settlement of the units.
- F2These 5,838 performance restricted stock units settled on March 6, 2018 in shares of Common Stock as reported in Table 1 on this Form 4.