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Filing Details

Accession Number:: 0000899243-18-027395
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2018-10-24 17:40:58
Reporting Period:: 2018-10-23

Accepted Time:: 2018-10-24 17:40:58
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	2018-10-23	5,000	$21.09	2,935,057	No	4	S	Indirect	Footnotes
Common Stock	Disposition	2018-10-23	5,000	$21.09	2,935,057	No	4	S	Indirect	Footnotes
Common Stock	Disposition	2018-10-23	5,000	$21.09	2,935,057	No	4	S	Indirect	Footnotes
Common Stock	Disposition	2018-10-23	5,000	$21.09	2,935,057	No	4	S	Indirect	Footnotes
Common Stock	Disposition	2018-10-23	5,000	$21.09	2,935,057	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	Footnotes
No	4	S	Indirect	Footnotes
No	4	S	Indirect	Footnotes
No	4	S	Indirect	Footnotes
No	4	S	Direct

Footnotes

The filing of this Form 4 shall not be construed as an admission that BlueMountain Capital Management, LLC ("BMCM"), GP Holdings or the General Partner (each as defined in Footnote 3 below) is or was for the purposes of Section 16(a) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise the beneficial owner of any of the shares of Common Stock, no par value (the "Common Stock"), of International Seaways, Inc. (the "Issuer"). Pursuant to Rule 16a-1(a)(4) of the Exchange Act, BMCM, GP Holdings and the General Partner disclaim such beneficial ownership, except to the extent of their respective pecuniary interest.
BMCM is the non-member manager of BlueMountain Nautical LLC ("Nautical"), which is the direct beneficial owner of 2,935,057 shares of Common Stock, and is the investment manager of BlueMountain Guadalupe Peak Fund L.P. ("Guadalupe"), which holds 100% of the membership interests of Nautical, and thus is an indirect beneficial owner of the Common Stock held by Nautical.
BMCM, although it directs the voting and disposition of the Common Stock held by Nautical, only receives an asset-based fee relating to the shares of Common Stock 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 the Common Stock 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 the Common Stock beneficially owned by Guadalupe.
On October 23, 2018, Nautical sold 5,000 shares of Common Stock for $21.09 per share.
The Reporting Persons are jointly filing this Form 4 pursuant to Rule 16(a)-3(j) under the Exchange Act. A Form 4 for certain additional transactions is being filed separately and simultaneously with this Form 4 due to the limitation of 30 transactions per filing.