SEC Form 4 · accession 0001140361-18-035612
International Seaways, Inc. · INSW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Derek G. Solon
Officer — Vice President
Period of report
Aug 3, 2018
Accepted (ET)
Aug 6, 2018 · 5:04 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 | Aug 3, 2018 | J | 961 | — | A | 4,662 | D | |
| Common Stock, no par value per shareF1 | Aug 3, 2018 | F | 304 | — | D | 4,358 | 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 | Aug 3, 2018 | D | 961 | D | — | — | Common Stock | 961 | 1,923 | D |
Explanation of responses
- F1These 961 shares of Common Stock were acquired upon the vesting of 961 restricted stock units on August 3, 2018 pursuant to the International Seaways, Inc. Management Incentive Compensation Plan (the "Plan") which vested units settled in shares of Common Stock. In connection with the vesting of the units, 304 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 961 restricted stock units vested on August 3, 2018 and were settled in shares of Common Stock as reported in Table I of this Form 4.