0001371020-23-000004.txt : 20230824 0001371020-23-000004.hdr.sgml : 20230824 20230824072357 ACCESSION NUMBER: 0001371020-23-000004 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20230822 FILED AS OF DATE: 20230824 DATE AS OF CHANGE: 20230824 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: 231198912 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: FTAI Aviation Ltd. CENTRAL INDEX KEY: 0001590364 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MISCELLANEOUS EQUIPMENT RENTAL & LEASING [7350] IRS NUMBER: 981420784 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 LLC DATE OF NAME CHANGE: 20140212 FORMER COMPANY: FORMER CONFORMED NAME: Fortress Transportation & Infrastructure Investors Ltd. DATE OF NAME CHANGE: 20131029 4 1 wk-form4_1692876228.xml FORM 4 X0508 4 2023-08-22 0 0001590364 FTAI Aviation Ltd. FTAI 0001371020 Adams Joseph P. Jr. 1345 AVENUE OF THE AMERICAS, 45TH FLOOR NEW YORK NY 10105 1 1 0 0 CEO and Chairman 0 Ordinary Shares 2023-08-22 4 M 0 1727 12.34 A 68612 D Ordinary Shares 2023-08-22 4 M 0 11272 14.24 A 79884 D Stock Option (right to buy) 12.34 2023-08-22 4 M 0 1727 0 D 2029-09-12 Ordinary Shares 1727 0 D Stock Option (right to buy) 14.24 2023-08-22 4 M 0 11272 0 D 2029-11-27 Ordinary Shares 11272 0 D 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. 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 3) 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. /s/ BoHee Yoon, as Attorney-in-fact 2023-08-24