Nicholson Kenneth J. 4
4 · FTAI Aviation Ltd. · Filed Aug 24, 2023
Insider Transaction Report
Form 4
Nicholson Kenneth J.
Director
Transactions
- Exercise/Conversion
Stock Option (right to buy)
2023-08-22−1,727→ 0 totalExercise: $12.34Exp: 2029-09-12→ Ordinary Shares (1,727 underlying) - Exercise/Conversion
Stock Option (right to buy)
2023-08-22−11,272→ 0 totalExercise: $14.24Exp: 2029-11-27→ Ordinary Shares (11,272 underlying) - Exercise/Conversion
Ordinary Shares
2023-08-22$12.34/sh+1,727$21,311→ 111,510 total - Exercise/Conversion
Ordinary Shares
2023-08-22$14.24/sh+11,272$160,513→ 122,782 total - Tax Payment
Ordinary Shares
2023-08-22$35.49/sh−5,142$182,490→ 117,640 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]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]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-monthperiod (the "Total Exercisability Period") in monthly installments beginning on the first of each month following the month in which the options were granted. (Continued in Footnote 3)
- [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.