Lois K. Zabrocky - 03 Oct 2022 Form 4 Insider Report for International Seaways, Inc. (INSW)

Role
President and CEO, Director
Signature
/s/James D. Small III, Attorney-in-Fact, pursuant to power of attorney previously filed
Issuer symbol
INSW
Transactions as of
03 Oct 2022
Net transactions value
-$495,239
Form type
4
Filing time
05 Oct 2022, 17:21:56 UTC
Previous filing
26 Aug 2022
Next filing
18 Nov 2022
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 $462,156 +14,942 +13% $30.93 126,921 03 Oct 2022 Direct F1
transaction INSW Common Stock, no par value per share Tax liability $493,009 -14,090 -11% $34.99 112,831 03 Oct 2022 Direct F2
transaction INSW Common Stock, no par value per share Options Exercise $883,114 +51,314 +45% $17.21 164,145 03 Oct 2022 Direct F1
transaction INSW Common Stock, no par value per share Tax liability $1,347,500 -38,511 -23% $34.99 125,634 03 Oct 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 -14,942 -100% 0 03 Oct 2022 Common Stock 14,942 $30.93 Direct F1, F2, F3
transaction INSW Stock Option (Right to Buy) Options Exercise -51,314 -100% 0 03 Oct 2022 Common Stock 51,314 $17.21 Direct F1, F2, F3
* 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. Accordingly, the company is delivering in aggregate 13,653 shares to Mrs. Zabrocky in connection with this option exercise, with no shares being sold externally.
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 these options vested on the date exercisable date.