James D. Small III - 18 Nov 2022 Form 4 Insider Report for International Seaways, Inc. (INSW)

Role
CAO,SVP,Sec. & General Counsel
Signature
/s/James D. Small III
Issuer symbol
INSW
Transactions as of
18 Nov 2022
Net transactions value
-$270,265
Form type
4
Filing time
22 Nov 2022, 16:09:03 UTC
Previous filing
25 Oct 2022
Next filing
16 Dec 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 $176,111 +9,206 +15% $19.13 71,625 18 Nov 2022 Direct F1
transaction INSW Common Stock, no par value per share. Tax liability $310,192 -6,758 -9.4% $45.90 64,867 18 Nov 2022 Direct F2
transaction INSW Common Stock, no par value per share. Options Exercise $228,905 +10,438 +16% $21.93 75,305 18 Nov 2022 Direct F1
transaction INSW Common Stock, no par value per share. Tax liability $365,089 -7,954 -11% $45.90 67,351 18 Nov 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 -9,206 -50% 9,205 18 Nov 2022 Common Stock 9,206 $19.13 Direct F1, F2
transaction INSW Stock Option (Right to Buy) Options Exercise -10,438 -50% 10,438 18 Nov 2022 Common Stock 10,438 $21.93 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 4,932 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 66% of the options granted on April 2, 2020 had vested and were exercisable on April 2, 2022.