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