4//SEC Filing
Nicholson Kenneth J. 4
Accession 0001672945-23-000003
CIK 0001899883other
Filed
Aug 23, 8:00 PM ET
Accepted
Aug 24, 7:07 AM ET
Size
13.3 KB
Accession
0001672945-23-000003
Insider Transaction Report
Form 4
Nicholson Kenneth J.
CEO and President
Transactions
- Exercise/Conversion
Stock Option (right to buy)
2023-08-22−11,272→ 0 totalExercise: $2.13Exp: 2030-09-01→ Common Stock, par value $0.01 per share (11,272 underlying) - Tax Payment
Common Stock, par value $0.01 per share
2023-08-22$3.37/sh−8,095$27,280→ 420,151 total - Exercise/Conversion
Stock Option (right to buy)
2023-08-22−1,727→ 0 totalExercise: $1.85Exp: 2030-07-31→ Common Stock, par value $0.01 per share (1,727 underlying) - Exercise/Conversion
Common Stock, par value $0.01 per share
2023-08-22$1.85/sh+1,727$3,195→ 416,974 total - Exercise/Conversion
Common Stock, par value $0.01 per share
2023-08-22$2.13/sh+11,272$24,009→ 428,246 total
Footnotes (4)
- [F1]No shares were sold. Reflects deemed surrender of shares to satisfy the exercise price due upon exercise of the associated options.
- [F2]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.
- [F3]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.
- [F4]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 23, 8:00 PM ET
- Accepted
- Aug 24, 7:07 AM ET
- Size
- 13.3 KB