SEC Form 4 · accession 0001140361-18-035617
International Seaways, Inc. · INSW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William F. Nugent
Officer — Vice President
Period of report
Aug 3, 2018
Accepted (ET)
Aug 6, 2018 · 5:06 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 valuer per shareF1 | Aug 3, 2018 | J | 903 | — | A | 4,564 | D | |
| Common Stock, no par valuer per shareF1 | Aug 3, 2018 | F | 285 | — | D | 4,279 | 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 | 903 | D | — | — | Common Stock | 903 | 1,806 | D |
Explanation of responses
- F1These 903 shares of Common Stock were acquired upon the vesting of 903 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, 285 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 903 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.