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

Role
Director
Signature
/s/ Craig H. Stevenson, Jr.
Issuer symbol
INSW
Transactions as of
16 Jul 2021
Net transactions value
$0
Form type
4
Filing time
20 Jul 2021, 21:14:07 UTC
Previous filing
19 May 2021
Next filing
30 Jul 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction INSW Common Stock Award +160,608 160,608 16 Jul 2021 Direct F1
transaction INSW Common Stock Award +115,075 115,075 16 Jul 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.