Filing Details
- Accession Number:
- 0001193125-19-101978
- Form Type:
- 13D Filing
- Publication Date:
- 2019-04-09 20:01:03
- Filed By:
- Blue Mountain Capital
- Company:
- International Seaways Inc. (NYSE:INSW)
- Filing Date:
- 2019-04-10
- SEC Url:
- 13D Filing
Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.
| Name | Sole Voting Power | Shared Voting Power | Sole Dispositive Power | Shared Dispositive Power | Aggregate Amount Owned Power | Percent of Class |
|---|---|---|---|---|---|---|
| BlueMountain Capital Management | 0 | 1,474,601 | 0 | 1,474,601 | 1,474,601 | 5.1% |
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 5)*
INTERNATIONAL SEAWAYS, INC.
(Name of Issuer)
Common Stock, no par value
(Title of Class of Securities)
Y410531021
(CUSIP Number)
Eric M. Albert
BlueMountain Capital Management, LLC
280 Park Avenue, 12th Floor
New York, New York 10017
212-905-5647
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
April 5, 2019
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. ☐
Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See § 240.13d-7 for other parties to whom copies are to be sent.
| * | The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. |
The information required on the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
| 1 | The Common Stock has no CUSIP number. The CINS number for the Common Stock is Y41053102. |
| CUSIP No. Y41053102 | Page 2 of 6 |
| 1 | NAMES OF REPORTING PERSONS
BlueMountain Capital Management, LLC | |||||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See instructions) (a) ☒ (b) ☐
| |||||
| 3 | SEC USE ONLY
| |||||
| 4 | SOURCE OF FUNDS (See instructions)
WC | |||||
| 5 | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)
☐ | |||||
| 6 | CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware, United States of America | |||||
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
| 7 | SOLE VOTING POWER
0 | ||||
| 8 | SHARED VOTING POWER
1,474,601 | |||||
| 9 | SOLE DISPOSITIVE POWER
0 | |||||
| 10 | SHARED DISPOSITIVE POWER
1,474,601 | |||||
| 11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,474,601 | |||||
| 12 | CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions)
☐ | |||||
| 13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.1%(1) | |||||
| 14 | TYPE OF REPORTING PERSON (See instructions)
IA | |||||
| (1) | The percentage set forth in Row 13 of this Cover Page is based on the 29,199,074 shares of Common Stock (as defined in Item 1) outstanding as of March 8, 2019, as reported on the Form 10-K (as defined in Item 5). |
| CUSIP No. Y41053102 | Page 3 of 6 |
Item 1. Security of the Issuer.
This Amendment No. 5 amends the Schedule 13D filed with the Securities and Exchange Commission on December 9, 2016 (as amended by Amendment No. 1 thereto filed on October 9, 2018, Amendment No. 2 thereto filed on November 5, 2018, Amendment No. 3 thereof filed on February 26, 2019 and Amendment No. 4 thereto filed on March 14, 2019, the Schedule 13D), relating to the shares of Common Stock, no par value (the Common Stock), of International Seaways, Inc., a Marshall Islands corporation (the Issuer). The Issuers principal executive office is located at 600 Third Avenue, 39th Floor, New York, New York 10016. Unless specifically amended hereby, the disclosures set forth in the Schedule 13D remain unchanged.
Item 5. Interest in Securities of the Issuer.
Paragraphs (a), (b) and (c) of Item 5 of the Schedule 13D are hereby deleted and replaced with the following:
(a-b) The percentage set forth in this Schedule 13D is based on the Issuers 29,199,074 shares of Common Stock outstanding as of March 8, 2019, as reported on the Issuers Form 10-K filed with the Securities and Exchange Commission on March 12, 2019 (the Form 10-K). The information set forth in Rows 7-13 of the Cover Page of this Schedule 13D is hereby incorporated herein by reference.
(c) During the last 60 days, the Investment Manager effected the following transactions in the Common Stock:
| Date | Amount | Price per Share | Type of Transaction | |||||||
| February 8, 2019 | 3,898 | $ | 16.45 | open market sale | ||||||
| February 11, 2019 | 11,203 | $ | 16.48 | open market sale | ||||||
| February 11, 2019 | 9,110 | $ | 16.39 | open market sale | ||||||
| February 11, 2019 | 10,000 | $ | 16.25 | open market sale | ||||||
| February 12, 2019 | 3,766 | $ | 17.50 | open market sale | ||||||
| February 12, 2019 | 500 | $ | 17.58 | open market sale | ||||||
| February 12, 2019 | 10,000 | $ | 17.10 | open market sale | ||||||
| February 12, 2019 | 5,000 | $ | 17.05 | open market sale | ||||||
| February 12, 2019 | 10,000 | $ | 16.80 | open market sale | ||||||
| February 13, 2019 | 6,221 | $ | 17.60 | open market sale | ||||||
| February 14, 2019 | 1,003 | $ | 17.30 | open market sale | ||||||
| February 14, 2019 | 10,000 | $ | 17.20 | open market sale | ||||||
| February 15, 2019 | 2,328 | $ | 17.72 | open market sale | ||||||
| February 15, 2019 | 6,853 | $ | 17.82 | open market sale | ||||||
| February 15, 2019 | 5,000 | $ | 17.41 | open market sale | ||||||
| February 19, 2019 | 1,356 | $ | 18.70 | open market sale | ||||||
| February 19, 2019 | 10,000 | $ | 18.51 | open market sale | ||||||
| February 19, 2019 | 10,000 | $ | 18.46 | open market sale | ||||||
| February 19, 2019 | 10,000 | $ | 18.00 | open market sale | ||||||
| February 20, 2019 | 5,847 | $ | 17.26 | open market sale | ||||||
| February 20, 2019 | 1,167 | $ | 17.62 | open market sale | ||||||
| February 21, 2019 | 10,000 | $ | 17.21 | open market sale | ||||||
| February 22, 2019 | 10,000 | $ | 17.52 | open market sale | ||||||
| February 22, 2019 | 10,000 | $ | 17.55 | open market sale | ||||||
| February 22, 2019 | 1,200 | $ | 18.27 | open market sale | ||||||
| February 25, 2019 | 1,000 | $ | 18.23 | open market sale | ||||||
| February 25, 2019 | 1,000 | $ | 18.01 | open market sale | ||||||
| February 25, 2019 | 2,000 | $ | 17.91 | open market sale | ||||||
| February 25, 2019 | 1,500 | $ | 17.54 | open market sale | ||||||
| February 25, 2019 | 605 | $ | 17.68 | open market sale | ||||||
| February 25, 2019 | 300 | $ | 17.65 | open market sale | ||||||
| February 26, 2019 | 7,613 | $ | 17.30 | open market sale | ||||||
| February 26, 2019 | 10,000 | $ | 17.49 | open market sale | ||||||
| February 26, 2019 | 1,500 | $ | 17.17 | open market sale | ||||||
| February 27, 2019 | 5,000 | $ | 16.85 | open market sale | ||||||
| February 27, 2019 | 5,000 | $ | 17.12 | open market sale | ||||||
| CUSIP No. Y41053102 | Page 4 of 6 |
| Date | Amount | Price per Share | Type of Transaction | |||||||
| February 28, 2019 | 310 | $ | 16.74 | open market sale | ||||||
| February 28, 2019 | 5,000 | $ | 16.65 | open market sale | ||||||
| February 28, 2019 | 100 | $ | 16.85 | open market sale | ||||||
| February 28, 2019 | 1,000 | $ | 16.63 | open market sale | ||||||
| February 28, 2019 | 800 | $ | 16.62 | open market sale | ||||||
| February 28, 2019 | 1,000 | $ | 16.70 | open market sale | ||||||
| March 1, 2019 | 10,000 | $ | 16.72 | open market sale | ||||||
| March 1, 2019 | 1,146 | $ | 16.79 | open market sale | ||||||
| March 4, 2019 | 2,785 | $ | 17.08 | open market sale | ||||||
| March 4, 2019 | 10,000 | $ | 17.03 | open market sale | ||||||
| March 4, 2019 | 5,000 | $ | 17.13 | open market sale | ||||||
| March 4, 2019 | 5,000 | $ | 16.85 | open market sale | ||||||
| March 5, 2019 | 2,500 | $ | 17.42 | open market sale | ||||||
| March 5, 2019 | 2,500 | $ | 17.41 | open market sale | ||||||
| March 5, 2019 | 2,500 | $ | 17.30 | open market sale | ||||||
| March 5, 2019 | 2,500 | $ | 17.32 | open market sale | ||||||
| March 6, 2019 | 918 | $ | 16.95 | open market sale | ||||||
| March 6, 2019 | 2,500 | $ | 17.35 | open market sale | ||||||
| March 7, 2019 | 2,628 | $ | 16.85 | open market sale | ||||||
| March 7, 2019 | 5,000 | $ | 16.80 | open market sale | ||||||
| March 8, 2019 | 2,500 | $ | 16.75 | open market sale | ||||||
| March 8, 2019 | 2,500 | $ | 16.66 | open market sale | ||||||
| March 8, 2019 | 2,500 | $ | 16.64 | open market sale | ||||||
| March 8, 2019 | 2,500 | $ | 16.59 | open market sale | ||||||
| March 8, 2019 | 5,000 | $ | 16.48 | open market sale | ||||||
| March 11, 2019 | 23,581 | $ | 17.36 | open market sale | ||||||
| March 11, 2019 | 50,000 | $ | 17.16 | open market sale | ||||||
| March 11, 2019 | 100,000 | $ | 17.15 | open market sale | ||||||
| March 11, 2019 | 200 | $ | 17.14 | open market sale | ||||||
| March 11, 2019 | 1,100 | $ | 16.99 | open market sale | ||||||
| March 11, 2019 | 400 | $ | 17.00 | open market sale | ||||||
| March 12, 2019 | 5,341 | $ | 19.07 | open market sale | ||||||
| March 12, 2019 | 10,000 | $ | 18.91 | open market sale | ||||||
| March 12, 2019 | 10,000 | $ | 18.87 | open market sale | ||||||
| March 12, 2019 | 10,000 | $ | 18.97 | open market sale | ||||||
| March 12, 2019 | 5,000 | $ | 19.36 | open market sale | ||||||
| March 13, 2019 | 5,027 | $ | 18.90 | open market sale | ||||||
| March 13, 2019 | 200 | $ | 19.13 | open market sale | ||||||
| March 13, 2019 | 10,764 | $ | 19.05 | open market sale | ||||||
| March 13, 2019 | 75,000 | $ | 18.92 | open market sale | ||||||
| March 13, 2019 | 2,500 | $ | 19.18 | open market sale | ||||||
| March 13, 2019 | 2,500 | $ | 18.98 | open market sale | ||||||
| March 14, 2019 | 9,290 | $ | 18.38 | open market sale | ||||||
| March 14, 2019 | 2,500 | $ | 18.46 | open market sale | ||||||
| March 14, 2019 | 2,500 | $ | 18.35 | open market sale | ||||||
| March 14, 2019 | 5,000 | $ | 18.32 | open market sale | ||||||
| March 15, 2019 | 2,466 | $ | 18.60 | open market sale | ||||||
| March 15, 2019 | 10,000 | $ | 18.55 | open market sale | ||||||
| March 15, 2019 | 18,297 | $ | 18.49 | open market sale | ||||||
| March 15, 2019 | 2,500 | $ | 18.59 | open market sale | ||||||
| March 15, 2019 | 2,500 | $ | 18.50 | open market sale | ||||||
| March 18, 2019 | 50 | $ | 19.05 | open market sale | ||||||
| March 18, 2019 | 1,800 | $ | 18.90 | open market sale | ||||||
| March 18, 2019 | 5,000 | $ | 19.11 | open market sale | ||||||
| March 18, 2019 | 10,000 | $ | 19.10 | open market sale | ||||||
| CUSIP No. Y41053102 | Page 5 of 6 |
| Date | Amount | Price per Share | Type of Transaction | |||||||
| March 18, 2019 | 10,500 | $ | 19.00 | open market sale | ||||||
| March 18, 2019 | 1,500 | $ | 18.86 | open market sale | ||||||
| March 19, 2019 | 18,145 | $ | 18.75 | open market sale | ||||||
| March 20, 2019 | 1,300 | $ | 18.54 | open market sale | ||||||
| March 20, 2019 | 103 | $ | 18.57 | open market sale | ||||||
| March 20, 2019 | 1,500 | $ | 18.45 | open market sale | ||||||
| March 20, 2019 | 1,500 | $ | 18.48 | open market sale | ||||||
| March 25, 2019 | 6,998 | $ | 18.32 | open market sale | ||||||
| March 26, 2019 | 14,891 | $ | 18.00 | open market sale | ||||||
| March 26, 2019 | 3,300 | $ | 18.42 | open market sale | ||||||
| March 26, 2019 | 7,309 | $ | 18.06 | open market sale | ||||||
| March 26, 2019 | 900 | $ | 18.14 | open market sale | ||||||
| March 27, 2019 | 2,589 | $ | 17.86 | open market sale | ||||||
| March 27, 2019 | 5,000 | $ | 17.70 | open market sale | ||||||
| March 27, 2019 | 2,920 | $ | 17.64 | open market sale | ||||||
| March 27, 2019 | 1,500 | $ | 17.62 | open market sale | ||||||
| March 27, 2019 | 1,500 | $ | 17.54 | open market sale | ||||||
| March 27, 2019 | 1,000 | $ | 17.74 | open market sale | ||||||
| March 28, 2019 | 1,801 | $ | 17.36 | open market sale | ||||||
| March 28, 2019 | 907 | $ | 17.43 | open market sale | ||||||
| March 28, 2019 | 1,500 | $ | 17.33 | open market sale | ||||||
| March 28, 2019 | 2,500 | $ | 17.24 | open market sale | ||||||
| March 28, 2019 | 2,500 | $ | 17.19 | open market sale | ||||||
| March 29, 2019 | 1,643 | $ | 17.53 | open market sale | ||||||
| April 1, 2019 | 2,495 | $ | 17.41 | open market sale | ||||||
| April 1, 2019 | 10,000 | $ | 17.34 | open market sale | ||||||
| April 2, 2019 | 4,207 | $ | 17.34 | open market sale | ||||||
| April 2, 2019 | 5,000 | $ | 17.14 | open market sale | ||||||
| April 3, 2019 | 1,854 | $ | 17.17 | open market sale | ||||||
| April 3, 2019 | 3,200 | $ | 17.34 | open market sale | ||||||
| April 3, 2019 | 2,000 | $ | 17.10 | open market sale | ||||||
| April 3, 2019 | 2,000 | $ | 17.00 | open market sale | ||||||
| April 3, 2019 | 2,000 | $ | 16.97 | open market sale | ||||||
| April 3, 2019 | 73,700 | $ | 16.73 | open market sale | ||||||
| April 3, 2019 | 2,000 | $ | 16.95 | open market sale | ||||||
| April 3, 2019 | 2,000 | $ | 16.90 | open market sale | ||||||
| April 3, 2019 | 2,000 | $ | 16.84 | open market sale | ||||||
| April 4, 2019 | 1,394 | $ | 17.12 | open market sale | ||||||
| April 4, 2019 | 7,567 | $ | 17.20 | open market sale | ||||||
| April 5, 2019 | 7,758 | $ | 17.19 | open market sale | ||||||
| April 5, 2019 | 10,000 | $ | 17.16 | open market sale | ||||||
| April 5, 2019 | 10,000 | $ | 17.14 | open market sale | ||||||
| April 5, 2019 | 10,000 | $ | 17.08 | open market sale | ||||||
| April 8, 2019 | 93,446 | $ | 17.74 | open market sale | ||||||
| April 8, 2019 | 17,699 | $ | 18.07 | open market sale | ||||||
| April 8, 2019 | 412 | $ | 18.14 | open market sale | ||||||
| April 8, 2019 | 25,000 | $ | 18.00 | open market sale | ||||||
| April 8, 2019 | 5,000 | $ | 17.78 | open market sale | ||||||
| April 8, 2019 | 5,000 | $ | 17.50 | open market sale | ||||||
| April 9, 2019 | 13,528 | $ | 18.17 | open market sale | ||||||
| April 9, 2019 | 200 | $ | 18.25 | open market sale | ||||||
| April 9, 2019 | 615 | $ | 18.28 | open market sale | ||||||
| April 9, 2019 | 20,000 | $ | 18.12 | open market sale | ||||||
| April 9, 2019 | 3,531 | $ | 18.16 | open market sale | ||||||
| April 9, 2019 | 35,000 | $ | 17.60 | open market sale | ||||||
SIGNATURE
After reasonable inquiry and to the best knowledge and belief of the undersigned, the undersigned certifies that the information set forth in this statement with respect to the undersigned is true, complete and correct.
Date: April 9, 2019
| BLUEMOUNTAIN CAPITAL MANAGEMENT, LLC | ||
| By: | /s/ Eric M. Albert | |
| Name: | Eric M. Albert, Chief Compliance Officer | |
The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative. If the statement is signed on behalf of a person by his authorized representative (other than an executive officer or general partner of the filing person), evidence of the representatives authority to sign on behalf of such person shall be filed with the statement; provided, however, that a power of attorney for this purpose which is already on file with the Commission may be incorporated by reference. The name and any title of each person who signs the statement shall be typed or printed beneath his signature.
ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE FEDERAL CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001)