4//SEC Filing
Nicholson Kenneth J. 4
Accession 0000950170-24-095056
CIK 0001899883other
Filed
Aug 11, 8:00 PM ET
Accepted
Aug 12, 7:02 AM ET
Size
15.2 KB
Accession
0000950170-24-095056
Insider Transaction Report
Form 4
Nicholson Kenneth J.
CEO and President
Transactions
- Exercise/Conversion
Stock Option (right to buy)
2024-08-08−12,838→ 0 totalExercise: $3.17Exp: 2031-10-12→ Common Stock, par value $0.01 per share (12,838 underlying) - Exercise/Conversion
Common Stock, par value $0.01 per share
2024-08-08$3.69/sh+35,593$131,338→ 455,744 total - Exercise/Conversion
Common Stock, par value $0.01 per share
2024-08-08$3.17/sh+120,000$380,400→ 575,744 total - Exercise/Conversion
Common Stock, par value $0.01 per share
2024-08-08$3.17/sh+12,838$40,696→ 588,582 total - Exercise/Conversion
Stock Option (right to buy)
2024-08-08−35,593→ 0 totalExercise: $3.69Exp: 2031-03-25→ Common Stock, par value $0.01 per share (35,593 underlying) - Exercise/Conversion
Stock Option (right to buy)
2024-08-08−120,000→ 0 totalExercise: $3.17Exp: 2031-09-14→ Common Stock, par value $0.01 per share (120,000 underlying)
Footnotes (3)
- [F1]Tandem awards correspond on a one-to-one basis with options granted to FIG LLC, the Company's manager (or an affiliate of the Company's manager), such that exercise by an employee of the tandem award would result in the corresponding option held by the manager being cancelled. Upon the grant of options to the manager (or an affiliate), such options are fully vested and become exercisable over a 30-month period (the "Total Exercisability Period") in monthly installments beginning on the first of each month following the month in which the options were granted.
- [F2]When tandem awards are granted with respect to manager options, the manager options become exercisable in monthly installments over a portion of the Total Exercisability Period equal to the product of (i) the ratio of tandem awards to the total number of related options (including options underlying such tandem awards) multiplied by (ii) 30 (such period, the "Manager Exercisability Period"). Following the Manager Exercisability Period, the tandem awards vest in monthly installments on the first of each month over the remainder of the Total Exercisability Period and become exercisable only at the end of the Total Exercisability Period.
- [F3]Represents the expiration date of the related manager option. In general, the expiration date of the tandem award occurs prior to the expiration date of the underlying option.
Documents
Issuer
FTAI Infrastructure Inc.
CIK 0001899883
Entity typeother
Related Parties
1- filerCIK 0001672945
Filing Metadata
- Form type
- 4
- Filed
- Aug 11, 8:00 PM ET
- Accepted
- Aug 12, 7:02 AM ET
- Size
- 15.2 KB