Adewale Oshodi - 15 Aug 2022 Form 4 Insider Report for International Seaways, Inc. (INSW)

Role
Vice President and Controller
Signature
/s/James D. Small III, Attorney-in-Fact, pursuant to a power of attorney previously filed
Issuer symbol
INSW
Transactions as of
15 Aug 2022
Net transactions value
-$49,592
Form type
4
Filing time
17 Aug 2022, 18:27:04 UTC
Previous filing
12 Aug 2022
Next filing
17 Feb 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction INSW Common Stock, no par value per share Options Exercise $93,674 +5,443 +151% $17.21 9,039 15 Aug 2022 Direct F1
transaction INSW Common Stock, no par value per share Tax liability $126,485 -4,401 -49% $28.74 4,638 15 Aug 2022 Direct F2
transaction INSW Common Stock, no par value per share Options Exercise $67,632 +3,084 +66% $21.93 7,722 15 Aug 2022 Direct F1
transaction INSW Common Stock, no par value per share Tax liability $78,604 -2,735 -35% $28.74 4,987 15 Aug 2022 Direct F2
transaction INSW Common Stock, no par value per share Options Exercise $33,449 +1,550 +31% $21.58 6,537 15 Aug 2022 Direct F1
transaction INSW Common Stock, no par value per share Tax liability $39,259 -1,366 -21% $28.74 5,171 15 Aug 2022 Direct F2

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 INSW Stock Option (Right to Buy) Options Exercise -5,443 -100% 0 15 Aug 2022 Common Stock 5,443 $17.21 Direct F1, F2, F3
transaction INSW Stock Option (Right to Buy) Options Exercise -3,084 -67% 1,543 15 Aug 2022 Common Stock 3,084 $21.93 Direct F1, F2, F4
transaction INSW Stock Option (Right to Buy) Options Exercise -1,550 -33% 3,101 15 Aug 2022 Common Stock 1,550 $21.58 Direct F1, F2, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These stock options were exercised on a net share settlement basis.
F2 Represents the number of shares withheld by the Issuer to satisfy (i) the aggregate exercise price for the options and (ii) withholding taxes related to such exercise.
F3 100% of the options vested on April 5, 2022.
F4 66% of the options granted on April 2, 2020 had vested and were exercisable on April 2, 2022.
F5 33% of the options granted on March 17, 2021 had vested and were exercisable on March 17, 2022.