Small James D III - Oct 21, 2022 Form 4 Insider Report for International Seaways, Inc. (INSW)

Role
CAO,SVP,Sec. & General Counsel
Signature
/s/James D. Small III
Stock symbol
INSW
Transactions as of
Oct 21, 2022
Transactions value $
-$296,464
Form type
4
Date filed
10/25/2022, 04:40 PM
Previous filing
Sep 16, 2022
Next filing
Nov 22, 2022

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 $1.17M +42.5K +75.44% $27.54 98.7K Oct 21, 2022 Direct F1
transaction INSW Common Stock, no par value per share. Tax liability -$1.47M -36.3K -36.77% $40.37 62.4K Oct 21, 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 -42.5K -100% 0 Oct 21, 2022 Common Stock 42.5K $27.54 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 Issuer is delivering in aggregate 6,148 shares to Mr. Small 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 the options vested on the date exercisable date.