4//SEC Filing
Adams Joseph P. Jr. 4
Accession 0000950170-24-096644
CIK 0001899883other
Filed
Aug 13, 8:00 PM ET
Accepted
Aug 14, 7:03 AM ET
Size
16.8 KB
Accession
0000950170-24-096644
Insider Transaction Report
Form 4
Adams Joseph P. Jr.
Director
Transactions
- Exercise/Conversion
Common Stock, par value $0.01 per share
2024-08-13$3.17/sh+12,838$40,696→ 460,676 total - Tax Payment
Common Stock, par value $0.01 per share
2024-08-13$9.04/sh−61,111$552,443→ 399,565 total - Exercise/Conversion
Stock Option (right to buy)
2024-08-13−120,000→ 0 totalExercise: $3.17Exp: 2031-09-14→ Common Stock, par value $0.01 per share (120,000 underlying) - Exercise/Conversion
Common Stock, par value $0.01 per share
2024-08-13$3.17/sh+120,000$380,400→ 447,838 total - Exercise/Conversion
Common Stock, par value $0.01 per share
2024-08-13$3.69/sh+35,593$131,338→ 327,838 total - Exercise/Conversion
Stock Option (right to buy)
2024-08-13−12,838→ 0 totalExercise: $3.17Exp: 2031-10-12→ Common Stock, par value $0.01 per share (12,838 underlying) - Exercise/Conversion
Stock Option (right to buy)
2024-08-13−35,593→ 0 totalExercise: $3.69Exp: 2031-03-25→ Common Stock, par value $0.01 per share (35,593 underlying)
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 0001371020
Filing Metadata
- Form type
- 4
- Filed
- Aug 13, 8:00 PM ET
- Accepted
- Aug 14, 7:03 AM ET
- Size
- 16.8 KB