Bart Veldhuizen - May 28, 2021 Form 4 Insider Report for Diamond S Shipping Inc. (DSSI)

Role
Director
Signature
/s/ Bart Veldhuizen
Stock symbol
DSSI
Transactions as of
May 28, 2021
Transactions value $
$0
Form type
4
Date filed
6/2/2021, 04:33 PM
Next filing
Jul 20, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DSSI Common Stock Options Exercise +7.76K +98.24% 15.7K Jun 1, 2021 Direct F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction DSSI Restricted Stock Units Award $0 +7.95K +102.43% $0.00 15.7K May 28, 2021 Common Stock 7.95K Direct F1, F2
transaction DSSI Restricted Stock Units Options Exercise $0 -7.76K -49.4% $0.00 7.95K Jun 1, 2021 Common Stock 7.76K Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of common stock ("Common Stock") of Diamond S Shipping Inc. (the "Company").
F2 The award represents a grant of restricted stock units pursuant to the Diamond S Shipping Inc. 2019 Equity and Incentive Compensation Plan. Under the terms of the award agreement, the award vests on the earlier of (i) the first anniversary of the date of the grant, and (ii) the day immediately prior to the Company's 2022 Annual Meeting of Shareholders (subject to certain exceptions, as described in the award agreement).
F3 The restricted stock unit award was granted on May 29, 2020 pursuant to the Diamond S Shipping Inc. 2019 Equity and Incentive Compensation Plan and vested in full on June 1, 2021.
F4 Represents the conversion upon vesting of restricted stock units into Common Stock. On May 29, 2020, the reporting person was granted 7,762 restricted stock units, of which all of the shares subject to the restricted stock units vested on June 1, 2021. Such restricted stock units were previously reported in Table II on the Form 4 filed with the Securities and Exchange Commission on June 2, 2020.