Craig H. Stevenson Jr - Jul 16, 2021 Form 4 Insider Report for International Seaways, Inc. (INSW)

Role
Director
Signature
/s/ Craig H. Stevenson, Jr.
Stock symbol
INSW
Transactions as of
Jul 16, 2021
Transactions value $
$0
Form type
4
Date filed
7/20/2021, 09:14 PM
Previous filing
May 19, 2021
Next filing
Jul 30, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction INSW Common Stock Award +161K 161K Jul 16, 2021 Direct F1
transaction INSW Common Stock Award +115K 115K Jul 16, 2021 Held by limited liability company F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Received in exchange for 290,038 shares of Diamond S Shipping Inc. ("DSSI") common stock in connection with the closing of the merger of International Seaways, Inc. ("INSW") and DSSI pursuant to that certain Agreement and Plan of Merger dated March 30, 2021, by and among INSW, DSSI and Dispatch Transaction Sub, Inc. (the "INSW Merger Agreement").
F2 Received in exchange for 207,812 shares of DSSI common stock in connection with the closing of the merger of INSW and DSSI pursuant to the INSW Merger Agreement.
F3 These shares of common stock are held by Pecos Shipping LLC, of which Mr. Stevenson is the controlling member. The filing of this Form 4 should not be deemed an admission that Mr. Stevenson is the beneficial owner of these 207,812 shares of common stock, except to the extent of his pecuniary interest.