SEC Form 4/A · accession 0001567619-19-005017

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

Lois K Zabrocky

Officer — President and CEO · Director

Period of report

Mar 29, 2018

Accepted (ET)

Feb 20, 2019 · 5:31 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
Common Stock, no par value per share^F1	Mar 29, 2018	J	3,049	—	A	11,217	D
Common Stock, no par value per share^F1	Mar 29, 2018	F	1,027	—	D	10,190	D
Common Stock, no par value per share^F2	Mar 30, 2018	J	3,064	—	A	13,254	D
Common Stock, no par value per share^F2	Mar 30, 2018	F	1,032	—	D	12,222	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 Units^F3	$0.00	Mar 29, 2018	D	3,049	D	—	—	Common Stock	3,049	6,098	D
Restricted Stock Units^F4	$0.00	Mar 30, 2018	D	3,064	D	—	—	Common Stock	3,064	3,065	D

Explanation of responses

F1These 3,049 shares of Common Stock were acquired upon the vesting of 3,049 restricted stock units on March 29, 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, 1,027 shares were withheld by International Seaways, Inc. ("INSW") in payment of the Reporting Person's tax withholding liability incurred as a result of the vesting of the units. The previously filed Form 4 which is hereby amended used an incorrect number as the total number of shares the Reporting Person owned prior to the Reported Transaction resulting in an incorrect total number of shares following the Reported Transaction.
F2These 3,064 shares of Common Stock were acquired on the vesting of 3,064 restricted stock units on March 30, 2018 pursuant to the Plan which vested units settled in shares of Common Stock. In connection with the vesting of the units, 1,032 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. The previously filed Form 4 which is hereby amended used an incorrect number as the total number of shares the Reporting Person owned prior to the Reported Transaction resulting in an incorrect total number of shares following the Reported Transaction.
F3These 3,049 restricted stock units vested on March 29, 2018 and were settled in shares of Common Stock as reported in Table I of this Form 4.
F4These 3,064 restricted stock units vested on March 30, 2018 and were settled in shares of Common Stock as reported in Table I of this Form 4.