Anoushka Kachelo - Jul 16, 2021 Form 4 Insider Report for Diamond S Shipping Inc. (DSSI)

Role
General Counsel
Signature
/s/ Anoushka Kachelo
Stock symbol
DSSI
Transactions as of
Jul 16, 2021
Transactions value $
-$369,334
Form type
4
Date filed
7/20/2021, 08:57 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DSSI Common Stock Tax liability -$75.9K -7.83K -32.86% $9.69 16K Jul 16, 2021 Direct F1
transaction DSSI Common Stock Tax liability -$47.2K -4.87K -18.48% $9.69 21.5K Jul 16, 2021 Direct F2
transaction DSSI Common Stock Tax liability -$87.7K -9.05K -22.21% $9.69 31.7K Jul 16, 2021 Direct F3
transaction DSSI Common Stock Options Exercise +15.6K +49.07% 47.3K Jul 16, 2021 Direct F4
transaction DSSI Common Stock Tax liability -$70.8K -7.31K -15.47% $9.69 39.9K Jul 16, 2021 Direct F5
transaction DSSI Common Stock Options Exercise +19.3K +48.2% 59.2K Jul 16, 2021 Direct F6
transaction DSSI Common Stock Tax liability -$87.7K -9.05K -15.29% $9.69 50.1K Jul 16, 2021 Direct F7
transaction DSSI Common Stock Disposed to Issuer -50.1K -100% 0 Jul 16, 2021 Direct F8

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 Performance Restricted Stock Unit Options Exercise $0 -15.6K -44.69% $0.00 19.3K Jul 16, 2021 Common Stock 15.6K Direct F9, F10
transaction DSSI Performance Restricted Stock Unit Options Exercise $0 -19.3K -100% $0.00* 0 Jul 16, 2021 Common Stock 19.3K Direct F9, F11
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares withheld by the Company to satisfy withholding taxes due in connection with the vesting of 16,667 restricted stock units granted to the Reporting Person on November 4, 2019, which vested on July 16, 2021. The net settlement price was based upon the closing price of the Company's common shares on the New York Stock Exchange on the vesting date.
F2 Represents shares withheld by the Company to satisfy withholding taxes due in connection with the vesting of 10,370 restricted stock units granted to the Reporting Person on April 28, 2020, which vested on July 16, 2021. The net settlement price was based upon the closing price of the Company's common shares on the New York Stock Exchange on the vesting date.
F3 Represents shares withheld by the Company to satisfy withholding taxes due in connection with the vesting of 19,252 restricted stock units granted to the Reporting Person on March 18, 2021, which vested on July 16, 2021. The net settlement price was based upon the closing price of the Company's common shares on the New York Stock Exchange on the vesting date.
F4 Represents shares acquired by the Reporting Person in connection with the vesting of the performance restricted stock unit ("PSU") award that was granted on April 28, 2020 pursuant to the Diamond S Shipping Inc. 2019 Equity and Incentive Compensation Plan.
F5 Represents shares withheld by the Company to satisfy withholding taxes due in connection with the vesting of the PSU award granted to the Reporting Person on April 28, 2020, which vested on July 16, 2021. The net settlement price was based upon the closing price of the Company's common shares on the New York Stock Exchange on the vesting date.
F6 Represents shares acquired by the Reporting Person in connection with the vesting of the PSU award that was granted on March 18, 2021 pursuant to the Diamond S Shipping Inc. 2019 Equity and Incentive Compensation Plan.
F7 Represents shares withheld by the Company to satisfy withholding taxes due in connection with the vesting of the PSU award granted to the Reporting Person on March 18, 2021, which vested on July 16, 2021. The net settlement price was based upon the closing price of the Company's common shares on the New York Stock Exchange on the vesting date.
F8 Disposed of in exchange for 27,769 shares of International Seaways, Inc. ("INSW") common stock in connection with the closing of the merger of INSW and the Company pursuant to that certain Agreement and Plan of Merger dated March 30, 2021, by and among INSW, the Company and Dispatch Transaction Sub, Inc. (the "INSW Merger Agreement").
F9 Each PSU represents a contingent right to receive one share of the Company's common stock.
F10 The PSU award was granted on April 28, 2020 pursuant to the Diamond S Shipping Inc. 2019 Equity and Incentive Compensation Plan and vested in full on July 16, 2021.
F11 The PSU award was granted on March 18, 2021 pursuant to the Diamond S Shipping Inc. 2019 Equity and Incentive Compensation Plan and vested in full on July 16, 2021.