Adewale Oshodi - Aug 15, 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
Stock symbol
INSW
Transactions as of
Aug 15, 2022
Transactions value $
-$49,592
Form type
4
Date filed
8/17/2022, 06:27 PM
Previous filing
Aug 12, 2022
Next filing
Feb 17, 2023

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 $93.7K +5.44K +151.36% $17.21 9.04K Aug 15, 2022 Direct F1
transaction INSW Common Stock, no par value per share Tax liability -$126K -4.4K -48.69% $28.74 4.64K Aug 15, 2022 Direct F2
transaction INSW Common Stock, no par value per share Options Exercise $67.6K +3.08K +66.49% $21.93 7.72K Aug 15, 2022 Direct F1
transaction INSW Common Stock, no par value per share Tax liability -$78.6K -2.74K -35.42% $28.74 4.99K Aug 15, 2022 Direct F2
transaction INSW Common Stock, no par value per share Options Exercise $33.4K +1.55K +31.08% $21.58 6.54K Aug 15, 2022 Direct F1
transaction INSW Common Stock, no par value per share Tax liability -$39.3K -1.37K -20.9% $28.74 5.17K Aug 15, 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 -5.44K -100% 0 Aug 15, 2022 Common Stock 5.44K $17.21 Direct F1, F2, F3
transaction INSW Stock Option (Right to Buy) Options Exercise -3.08K -66.65% 1.54K Aug 15, 2022 Common Stock 3.08K $21.93 Direct F1, F2, F4
transaction INSW Stock Option (Right to Buy) Options Exercise -1.55K -33.33% 3.1K Aug 15, 2022 Common Stock 1.55K $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.