SEC Form 4/A · accession 0001140361-18-012892

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

Officer — CAO,SVP,Sec.&General Counsel

Period of report

Mar 6, 2018

Accepted (ET)

Mar 9, 2018 · 6:21 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 share^F1	Mar 6, 2018	M	13,427	—	A	25,311	D
Common Stock, no par value per share^F1	Mar 2, 2018	F	5,255	—	D	20,056	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Performance Restricted Stock Units^F2	$0.00	Mar 2, 2018	M	11,676	D	—	—	Common Stock	13,427	0	D

F1These 13,427 shares of Common Stock were acquired upon the full vesting and settlement of 11,676 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, 5,255 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. The previously filed Form 4 incorrectly understated the number of Performance RSUs vesting and settling under the relevant grant, as well as the number of shares withheld in payment of the reporting person's tax withholding liability.
F2These 11,676 performance restricted stock units settled on March 6, 2018 in shares of Common Stock as reported in Table 1 on this Form 4.