Kenneth J. Nicholson - Aug 8, 2022 Form 4 Insider Report for FTAI Infrastructure Inc. (FIP)

Role
President and CEO
Signature
/s/ BoHee Yoon, as Attorney-in-Fact
Stock symbol
FIP
Transactions as of
Aug 8, 2022
Transactions value $
$0
Form type
4
Date filed
8/10/2022, 05:06 PM
Previous filing
Aug 3, 2022
Next filing
Nov 2, 2022

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 FIP Stock Options (Right to Buy) Award +225 225 Aug 8, 2022 Common Stock 225 $1.65 Direct F1, F2, F3, F4
transaction FIP Stock Options (Right to Buy) Award +75 75 Aug 8, 2022 Common Stock 75 $1.65 Direct F1, F2, F3, F4
transaction FIP Stock Options (Right to Buy) Award +71 71 Aug 8, 2022 Common Stock 71 $1.68 Direct F1, F2, F3, F4
transaction FIP Stock Options (Right to Buy) Award +71 71 Aug 8, 2022 Common Stock 71 $1.68 Direct F1, F2, F3, F4
transaction FIP Stock Options (Right to Buy) Award +69 69 Aug 8, 2022 Common Stock 69 $1.72 Direct F1, F2, F3, F4
transaction FIP Stock Options (Right to Buy) Award +950 950 Aug 8, 2022 Common Stock 950 $1.91 Direct F1, F2, F3, F4
transaction FIP Stock Options (Right to Buy) Award +68 68 Aug 8, 2022 Common Stock 68 $1.88 Direct F1, F2, F3, F4
transaction FIP Stock Options (Right to Buy) Award +198 198 Aug 8, 2022 Common Stock 198 $1.93 Direct F1, F2, F3, F4
transaction FIP Stock Options (Right to Buy) Award +63 63 Aug 8, 2022 Common Stock 63 $1.96 Direct F1, F2, F3, F4
transaction FIP Stock Options (Right to Buy) Award +195 195 Aug 8, 2022 Common Stock 195 $1.93 Direct F1, F2, F3, F4
transaction FIP Stock Options (Right to Buy) Award +259 259 Aug 8, 2022 Common Stock 259 $1.94 Direct F1, F2, F3, F4
transaction FIP Stock Options (Right to Buy) Award +248 248 Aug 8, 2022 Common Stock 248 $2.04 Direct F1, F2, F3, F4
transaction FIP Stock Options (Right to Buy) Award +696 696 Aug 8, 2022 Common Stock 696 $2.18 Direct F1, F2, F3, F4
transaction FIP Stock Options (Right to Buy) Award +870 870 Aug 8, 2022 Common Stock 870 $2.19 Direct F1, F2, F3, F4
transaction FIP Stock Options (Right to Buy) Award +816 816 Aug 8, 2022 Common Stock 816 $2.19 Direct F1, F2, F3, F4
transaction FIP Stock Options (Right to Buy) Award +358 358 Aug 8, 2022 Common Stock 358 $2.20 Direct F1, F2, F3, F4
transaction FIP Stock Options (Right to Buy) Award +178 178 Aug 8, 2022 Common Stock 178 $2.21 Direct F1, F2, F3, F4
transaction FIP Stock Options (Right to Buy) Award +298 298 Aug 8, 2022 Common Stock 298 $2.20 Direct F1, F2, F3, F4
transaction FIP Stock Options (Right to Buy) Award +176 176 Aug 8, 2022 Common Stock 176 $2.24 Direct F1, F2, F3, F4
transaction FIP Stock Options (Right to Buy) Award +364 364 Aug 8, 2022 Common Stock 364 $2.17 Direct F1, F2, F3, F4
transaction FIP Stock Options (Right to Buy) Award +369 369 Aug 8, 2022 Common Stock 369 $2.16 Direct F1, F2, F3, F4
transaction FIP Stock Options (Right to Buy) Award +183 183 Aug 8, 2022 Common Stock 183 $2.17 Direct F1, F2, F3, F4
transaction FIP Stock Options (Right to Buy) Award +117 117 Aug 8, 2022 Common Stock 117 $2.15 Direct F1, F2, F3, F4
transaction FIP Stock Options (Right to Buy) Award +230 230 Aug 8, 2022 Common Stock 230 $2.19 Direct F1, F2, F3, F4
transaction FIP Stock Options (Right to Buy) Award +941 941 Aug 8, 2022 Common Stock 941 $2.15 Direct F1, F2, F3, F4
transaction FIP Stock Options (Right to Buy) Award +548 548 Aug 8, 2022 Common Stock 548 $2.09 Direct F1, F2, F3, F4
transaction FIP Stock Options (Right to Buy) Award +181 181 Aug 8, 2022 Common Stock 181 $2.08 Direct F1, F2, F3, F4
transaction FIP Stock Options (Right to Buy) Award +4.18K 4.18K Aug 8, 2022 Common Stock 4.18K $2.08 Direct F1, F2, F3, F4
transaction FIP Stock Options (Right to Buy) Award +57.5K 57.5K Aug 8, 2022 Common Stock 57.5K $1.94 Direct F1, F2, F3, F4
transaction FIP Stock Options (Right to Buy) Award +68.7K 68.7K Aug 8, 2022 Common Stock 68.7K $2.17 Direct F1, F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents tandem awards granted by Fortress Transportation and Infrastructure Investors LLC ("FTAI") that have been converted into tandem awards of the Issuer in connection with the spin-off of the Issuer from FTAI (the "Spin-off"). The exercise price was determined based on the five-day volume weighted average price of each of the Issuer and FTAI following the closing of the Spin-off, which five-day trading period ended on August 8, 2022.
F2 Tandem awards are options that correspond on a one-to-one basis with options held by FIG LLC, the Issuer's manager (or an affiliate of the Issuer's manager), such that exercise by the recipient of the tandem award would result in the corresponding option held by the manager being cancelled. (Continued in Footnote 3)
F3 Upon the grant of options to the manager (or an affiliate), such options are fully vested and become exercisable over a 30-month period (the "Total Exercisability Period") in monthly installments beginning on the first of each month following the month in which the options were granted. When tandem awards are granted with respect to manager options, the manager options become exercisable in monthly installments over a portion of the Total Exercisability Period equal to 30 months, minus the product of (i) the ratio of manager options not subject to corresponding tandem awards to the total number of related manager options (including the manager options subject to such tandem awards) multiplied by (ii) 30 (such period, the "Manager Exercisability Period"). Following the Manager Exercisability Period, the tandem awards vest in generally monthly installments over the remainder of the Total Exercisability Period and become exercisable only at the end of the Total Exercisability Period.
F4 Represents the expiration date of the related manager option. In general, the expiration date of the tandem award occurs prior to the expiration date of the related manager option.

Remarks:

Due to SEC row limitations, this Form 4 is filed in two parts. This is Part 1 of 2.