0001209191-21-021326.txt : 20210317
0001209191-21-021326.hdr.sgml : 20210317
20210317162105
ACCESSION NUMBER: 0001209191-21-021326
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20210316
FILED AS OF DATE: 20210317
DATE AS OF CHANGE: 20210317
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Adams Joseph P. Jr.
CENTRAL INDEX KEY: 0001371020
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-37386
FILM NUMBER: 21750810
MAIL ADDRESS:
STREET 1: C/O FORTRESS INVESTMENT GROUP LLC
STREET 2: 1345 AVENUE OF THE AMERICAS
CITY: NEW YORK
STATE: NY
ZIP: 10105
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Fortress Transportation & Infrastructure Investors LLC
CENTRAL INDEX KEY: 0001590364
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MISCELLANEOUS EQUIPMENT RENTAL & LEASING [7350]
IRS NUMBER: 320434238
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 1345 AVENUE OF THE AMERICAS
STREET 2: 45TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10105
BUSINESS PHONE: 212-798-6100
MAIL ADDRESS:
STREET 1: 1345 AVENUE OF THE AMERICAS
STREET 2: 45TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10105
FORMER COMPANY:
FORMER CONFORMED NAME: Fortress Transportation & Infrastructure Investors Ltd.
DATE OF NAME CHANGE: 20131029
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2021-03-16
0
0001590364
Fortress Transportation & Infrastructure Investors LLC
FTAI
0001371020
Adams Joseph P. Jr.
1345 AVENUE OF THE AMERICAS, 45 FL
NEW YORK
NY
10105
1
1
0
0
CEO and Chairman
Stock Option (right to buy)
12.72
2021-03-16
4
A
0
225
0.00
A
2030-07-06
Common Stock, par value $0.01 per share
225
225
D
Stock Option (right to buy)
12.71
2021-03-16
4
A
0
75
0.00
A
2030-07-07
Common Stock, par value $0.01 per share
75
75
D
Stock Option (right to buy)
12.94
2021-03-16
4
A
0
71
0.00
A
2030-07-08
Common Stock, par value $0.01 per share
71
71
D
Stock Option (right to buy)
12.94
2021-03-16
4
A
0
71
0.00
A
2030-07-13
Common Stock, par value $0.01 per share
71
71
D
Stock Option (right to buy)
13.27
2021-03-16
4
A
0
69
0.00
A
2030-07-14
Common Stock, par value $0.01 per share
69
69
D
Stock Option (right to buy)
14.75
2021-03-16
4
A
0
950
0.00
A
2030-07-29
Common Stock, par value $0.01 per share
950
950
D
Stock Option (right to buy)
14.49
2021-03-16
4
A
0
68
0.00
A
2030-07-30
Common Stock, par value $0.01 per share
68
68
D
Stock Option (right to buy)
14.86
2021-03-16
4
A
0
198
0.00
A
2030-07-31
Common Stock, par value $0.01 per share
198
198
D
Stock Option (right to buy)
15.10
2021-03-16
4
A
0
63
0.00
A
2030-08-04
Common Stock, par value $0.01 per share
63
63
D
Stock Option (right to buy)
14.89
2021-03-16
4
A
0
195
0.00
A
2030-08-05
Common Stock, par value $0.01 per share
195
195
D
Stock Option (right to buy)
15.00
2021-03-16
4
A
0
259
0.00
A
2030-08-06
Common Stock, par value $0.01 per share
259
259
D
Stock Option (right to buy)
15.72
2021-03-16
4
A
0
248
0.00
A
2030-08-07
Common Stock, par value $0.01 per share
248
248
D
Stock Option (right to buy)
16.83
2021-03-16
4
A
0
696
0.00
A
2030-08-10
Common Stock, par value $0.01 per share
696
696
D
Stock Option (right to buy)
16.90
2021-03-16
4
A
0
870
0.00
A
2030-08-11
Common Stock, par value $0.01 per share
870
870
D
Stock Option (right to buy)
16.93
2021-03-16
4
A
0
816
0.00
A
2030-08-12
Common Stock, par value $0.01 per share
816
816
D
Stock Option (right to buy)
16.95
2021-03-16
4
A
0
358
0.00
A
2030-08-13
Common Stock, par value $0.01 per share
358
358
D
Stock Option (right to buy)
17.06
2021-03-16
4
A
0
178
0.00
A
2030-08-14
Common Stock, par value $0.01 per share
178
178
D
Stock Option (right to buy)
16.98
2021-03-16
4
A
0
298
0.00
A
2030-08-17
Common Stock, par value $0.01 per share
298
298
D
Stock Option (right to buy)
17.27
2021-03-16
4
A
0
176
0.00
A
2030-08-18
Common Stock, par value $0.01 per share
176
176
D
Stock Option (right to buy)
16.77
2021-03-16
4
A
0
364
0.00
A
2030-08-19
Common Stock, par value $0.01 per share
364
364
D
Stock Option (right to buy)
16.63
2021-03-16
4
A
0
369
0.00
A
2030-08-20
Common Stock, par value $0.01 per share
369
369
D
Stock Option (right to buy)
16.72
2021-03-16
4
A
0
183
0.00
A
2030-08-21
Common Stock, par value $0.01 per share
183
183
D
Stock Option (right to buy)
16.59
2021-03-16
4
A
0
117
0.00
A
2030-08-25
Common Stock, par value $0.01 per share
117
117
D
Stock Option (right to buy)
16.92
2021-03-16
4
A
0
230
0.00
A
2030-08-26
Common Stock, par value $0.01 per share
230
230
D
Stock Option (right to buy)
16.62
2021-03-16
4
A
0
941
0.00
A
2030-08-27
Common Stock, par value $0.01 per share
941
941
D
Stock Option (right to buy)
16.10
2021-03-16
4
A
0
548
0.00
A
2030-08-28
Common Stock, par value $0.01 per share
548
548
D
Stock Option (right to buy)
16.04
2021-03-16
4
A
0
181
0.00
A
2030-08-31
Common Stock, par value $0.01 per share
181
181
D
Stock Option (right to buy)
16.03
2021-03-16
4
A
0
4182
0.00
A
2030-09-01
Common Stock, par value $0.01 per share
4182
4182
D
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. (Continued in Footnote 2)
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 manager options not subject to corresponding tandem options to the total number of manager options (including manager options underlying such tandem awards subject to corresponding tandem options) 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.
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.
Tandem awards will be settled in an amount of cash equal to the excess of the fair market value of a share of our common stock on the date of exercise over the fair market value on the date of grant, unless advance approval is given by the Board of Directors or an officer of the Company, as applicable, to settle the tandem awards in shares.
/s/ Cameron MacDougall, as Attorney-in-fact
2021-03-17