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Filing Details

Accession Number:: 0000899243-18-009499
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2018-04-04 19:30:29
Reporting Period:: 2018-02-12

Accepted Time:: 2018-04-04 19:30:29
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1679049	International Seaways Inc.	INSW	()	DE

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
1427430	Bluemountain Capital Management, Llc	280 Park Avenue, 12Th Floor New York NY 10017	No	No	Yes	No
1540859	Bluemountain Gp Holdings, Llc	280 Park Avenue, 12Th Floor New York NY 10017	No	No	Yes	No
1541088	Bluemountain Long/Short Credit Gp, Llc	280 Park Avenue, 12Th Floor New York NY 10017	No	No	Yes	No
1598919	L.p. Fund Peak Guadalupe Bluemountain	280 Park Avenue, 12Th Floor New York NY 10017	No	No	Yes	No
1614634	Bluemountain Nautical Llc	280 Park Avenue, 12Th Floor New York NY 10017	No	No	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2018-02-12	7	$15.98	3,409,442	No	4	S	Indirect	By BlueMountain Guadalupe Peak Fund L.P.
Common Stock	Disposition	2018-02-12	7	$15.98	0	No	4	S	Indirect	By BlueMountain Kicking Horse Fund L.P.
Common Stock	Disposition	2018-02-12	28	$15.98	0	No	4	S	Indirect	By BlueMountain Systematic Master Fund L.P.
Common Stock	Disposition	2018-02-12	6	$15.98	0	No	4	S	Indirect	By BlueMountain Fursan Fund L.P.
Common Stock	Disposition	2018-02-14	1	$16.27	3,409,442	No	4	S	Indirect	By BlueMountain Guadalupe Peak Fund L.P.
Common Stock	Disposition	2018-02-14	2	$16.27	0	No	4	S	Indirect	By BlueMountain Kicking Horse Fund L.P.
Common Stock	Disposition	2018-02-14	3	$16.27	0	No	4	S	Indirect	By BlueMountain Credit Alternatives Master Fund L.P.
Common Stock	Disposition	2018-02-14	7	$16.27	0	No	4	S	Indirect	By BlueMountain Systematic Master Fund L.P.
Common Stock	Disposition	2018-02-14	2	$16.27	0	No	4	S	Indirect	By BlueMountain Fursan Fund L.P.
Common Stock	Acquisiton	2018-02-21	3,721	$16.99	0	No	4	P	Indirect	By BlueMountain Systematic Master Fund L.P.
Common Stock	Acquisiton	2018-02-21	798	$17.00	0	No	4	P	Indirect	By BlueMountain Fursan Fund L.P.

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	By BlueMountain Guadalupe Peak Fund L.P.
No	4	S	Indirect	By BlueMountain Kicking Horse Fund L.P.
No	4	S	Indirect	By BlueMountain Systematic Master Fund L.P.
No	4	S	Indirect	By BlueMountain Fursan Fund L.P.
No	4	S	Indirect	By BlueMountain Guadalupe Peak Fund L.P.
No	4	S	Indirect	By BlueMountain Kicking Horse Fund L.P.
No	4	S	Indirect	By BlueMountain Credit Alternatives Master Fund L.P.
No	4	S	Indirect	By BlueMountain Systematic Master Fund L.P.
No	4	S	Indirect	By BlueMountain Fursan Fund L.P.
No	4	P	Indirect	By BlueMountain Systematic Master Fund L.P.
No	4	P	Indirect	By BlueMountain Fursan Fund L.P.

Footnotes

Represents shares of common stock of International Seaways, Inc. (the "Issuer") that were sold by BlueMountain Guadalupe Peak Fund L.P. ("Guadalupe"). Such shares of common stock that were sold by Guadalupe were acquired by Guadalupe in an in-kind, pro rata distribution for no consideration from BlueMountain Nautical LLC ("Nautical"). Guadalupe, as a holder of membership interests in Nautical, may be deemed to indirectly beneficially own the shares of common stock of the Issuer directly held by Nautical.
Represents the aggregate amount of common stock of the Issuer directly held by Nautical following the transactions reported herein and the transactions reported in the Form 4 that was filed immediately before this Form 4.
BlueMountain Capital Management, LLC ("BMCM"), as the non-member manager of Nautical and the investment manager of Guadalupe, has voting and investment power over the shares of common stock of the Issuer held by Nautical and Guadalupe and thus may be deemed to beneficially own such securities. BMCM only receives an asset-based fee relating to the shares of common stock of the Issuer held by Nautical. BlueMountain Long/Short Credit GP, LLC (the "General Partner") is the general partner of Guadalupe and has an indirect profits interest in common stock of the Issuer beneficially owned by Guadalupe. BlueMountain GP Holdings, LLC ("GP Holdings") is the sole owner of the General Partner, and thus has an indirect profits interest in common stock of the Issuer beneficially owned by Guadalupe.
(Continued from Footnote 3) The filing of this Form 4 shall not be construed as an admission that Guadalupe, BMCM, GP Holdings or the General Partner is or was the beneficial owner of any shares of common stock of the Issuer for the purpose of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or for any other purpose, and pursuant to Rule 16a-1(a)(4) under the Exchange Act, Guadalupe, BMCM, GP Holdings and the General Partner each disclaims such beneficial ownership except to the extent of their respective pecuniary interest.
Represents shares of common stock of the Issuer that were sold by BlueMountain Kicking Horse Fund L.P. ("Kicking Horse"). Such shares of common stock that were sold by Kicking Horse were acquired by Kicking Horse in an in-kind, pro rata distribution for no consideration from Nautical. BMCM is the investment manager of Kicking Horse and has voting and investment power over any shares of common stock of the Issuer beneficially owned by Kicking Horse.
Represents shares of common stock of the Issuer that were sold by Blue Mountain Credit Alternatives Master Fund L.P. ("Credit Alternatives"). Such shares of common stock that were sold by Credit Alternatives were acquired by Credit Alternatives in an in-kind, pro rata distribution for no consideration from Nautical. BMCM is the investment manager of Credit Alternatives and has voting and investment power over any shares of common stock of the Issuer beneficially owned by Credit Alternatives.
Represents shares of common stock of the Issuer that were sold or purchased by BlueMountain Systematic Master Fund L.P. ("Systematic Master"). BMCM is the investment manager of Systematic Master and has voting and investment power over any shares of common stock of the Issuer beneficially owned by Systematic Master.
Represents shares of common stock of the Issuer that were sold or purchased by BlueMountain Fursan Fund L.P. ("Fursan"). BMCM is the investment manager of Fursan and has voting and investment power over any shares of common stock of the Issuer beneficially owned by Fursan.
The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices of $16.99 and $17.00, inclusive. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.