0000902664-19-002707.txt : 20190610
0000902664-19-002707.hdr.sgml : 20190610
20190610202024
ACCESSION NUMBER: 0000902664-19-002707
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20190606
FILED AS OF DATE: 20190610
DATE AS OF CHANGE: 20190610
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: CYRUS CAPITAL PARTNERS, L.P.
CENTRAL INDEX KEY: 0001166564
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-37836
FILM NUMBER: 19889740
BUSINESS ADDRESS:
STREET 1: 65 EAST 55 STREET
STREET 2: 35TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10022
BUSINESS PHONE: 212-380-5800
MAIL ADDRESS:
STREET 1: 65 EAST 55 STREET
STREET 2: 35TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10022
FORMER NAME:
FORMER CONFORMED NAME: CYRUS CAPITAL PARTNERS, LP
DATE OF NAME CHANGE: 20050215
FORMER NAME:
FORMER CONFORMED NAME: OZF MANAGEMENT L P
DATE OF NAME CHANGE: 20020205
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: FREIDHEIM STEPHEN C
CENTRAL INDEX KEY: 0001251783
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-37836
FILM NUMBER: 19889741
MAIL ADDRESS:
STREET 1: C/O CYRUS CAPITAL PARTNERS, L.P.
STREET 2: 399 PARK AVENUE, 39TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10022
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: CYRUS CAPITAL PARTNERS GP, LLC
CENTRAL INDEX KEY: 0001166774
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-37836
FILM NUMBER: 19889742
BUSINESS ADDRESS:
STREET 1: 399 PARK AVENUE, 39TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10022
BUSINESS PHONE: 212-380-5800
MAIL ADDRESS:
STREET 1: 399 PARK AVENUE, 39TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10022
FORMER NAME:
FORMER CONFORMED NAME: OZF MANAGEMENT LLC
DATE OF NAME CHANGE: 20020208
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: International Seaways, Inc.
CENTRAL INDEX KEY: 0001679049
STANDARD INDUSTRIAL CLASSIFICATION: WATER TRANSPORTATION [4400]
IRS NUMBER: 980467117
STATE OF INCORPORATION: 1T
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 600 THIRD AVENUE
STREET 2: 39TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10016
BUSINESS PHONE: 2129534100
MAIL ADDRESS:
STREET 1: 600 THIRD AVENUE
STREET 2: 39TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10016
FORMER COMPANY:
FORMER CONFORMED NAME: OSG International, INC
DATE OF NAME CHANGE: 20160707
4
1
ownership.xml
X0306
4
2019-06-06
0
0001679049
International Seaways, Inc.
INSW
0001166564
CYRUS CAPITAL PARTNERS, L.P.
65 EAST 55TH STREET
35TH FLOOR
NEW YORK
NY
10022
1
0
1
1
See Remarks
0001251783
FREIDHEIM STEPHEN C
C/O CYRUS CAPITAL PARTNERS, L.P.
65 EAST 55TH STREET, 35TH FLOOR
NEW YORK
NY
10022
1
0
1
1
See Remarks
0001166774
CYRUS CAPITAL PARTNERS GP, LLC
65 EAST 55TH STREET, 35TH FLOOR
NEW YORK
NY
10022
1
0
1
1
See Remarks
Common Stock, no par value ("Common Stock")
2019-06-06
4
A
0
5555
0
A
19561
D
Common Stock
4003576
I
See footnote
These 5,555 shares of restricted Common Stock were granted to Cyrus Capital Partners LP ("CCP") by the Issuer on June 6, 2019 pursuant to the Issuer's Non-Employee Director Incentive Compensation Plan and vest on the earlier of (i) June 6, 2020 and (ii) the date of the annual meeting of stockholders in 2020. Mr. Joseph Kronsberg is an employee of CCP and sits on the board of directors of the Issuer as a representative of CCP. The grant was made directly to CCP because pursuant to agreements between CCP and Mr. Kronsberg, CCP is required to receive all compensation in connection with Mr. Kronsberg's directorship.
The securities reported herein are held directly by: (i) Cyrus Opportunities Master Fund II, Ltd., (ii) CRS Master Fund, L.P., (iii) Crescent 1, L.P., (iv) Cyrus Select Opportunities Master Fund, Ltd., (v) Canary SC Master Fund, L.P. (collectively, the "Cyrus Funds"). CCP serves as the investment manager to the Cyrus Funds. Cyrus Capital Partners GP, L.L.C. ("CCPGP") serves as the general partner of CCP. Stephen C. Freidheim serves as the principal of both CCP and CCPGP. All discretion over the investment activities of the Cyrus Funds has been delegated to CCP. Each of the Reporting Persons disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest therein, if any.
Mr. Kronsberg serves on the Board of Directors of the Issuer as a representative of CCP. Accordingly, CCP, CCPGP and Mr. Freidheim may be deemed directors by deputization.
/s/ Cyrus Capital Partners, L.P., By: /s/ Jennifer M. Pulick, Name: Jennifer M. Pulick, Title: Authorized Signatory
2019-06-10
/s/ Cyrus Capital Partners GP, L.L.C., By: /s/ Stephen C. Freidheim, Name: Stephen C. Freidheim, Title: Manager
2019-06-10
/s/ Stephen C. Freidheim
2019-06-10