0001209191-22-055601.txt : 20221103
0001209191-22-055601.hdr.sgml : 20221103
20221103174643
ACCESSION NUMBER: 0001209191-22-055601
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20221103
FILED AS OF DATE: 20221103
DATE AS OF CHANGE: 20221103
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Nicholson Kenneth J.
CENTRAL INDEX KEY: 0001672945
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-41370
FILM NUMBER: 221359396
MAIL ADDRESS:
STREET 1: 1345 AVENUE OF THE AMERICAS
CITY: NEW YORK
STATE: NY
ZIP: 10105
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: FTAI Infrastructure Inc.
CENTRAL INDEX KEY: 0001899883
STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-PETROLEUM BULK STATIONS & TERMINALS [5171]
IRS NUMBER: 000000000
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 1345 AVENUE OF THE AMERICAS
CITY: NEW YORK
STATE: NY
ZIP: 10105
BUSINESS PHONE: (212) 798-6100
MAIL ADDRESS:
STREET 1: 1345 AVENUE OF THE AMERICAS
CITY: NEW YORK
STATE: NY
ZIP: 10105
FORMER COMPANY:
FORMER CONFORMED NAME: FTAI Infrastructure LLC
DATE OF NAME CHANGE: 20211216
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2022-11-03
0
0001899883
FTAI Infrastructure Inc.
FIP
0001672945
Nicholson Kenneth J.
1345 AVENUE OF THE AMERICAS 45TH FL
NEW YORK
NY
10105
1
1
0
0
CEO and President
Common Stock
2022-11-03
4
M
0
57538
1.95
A
441808
D
Common Stock
2022-11-03
4
M
0
68698
2.18
A
510506
D
Common Stock
2022-11-03
4
F
0
95259
2.75
D
415247
D
Stock Option (right to buy)
1.95
2022-11-03
4
M
0
57538
0.00
A
2029-09-12
Common Stock
57538
0
D
Stock Option (right to buy)
2.18
2022-11-03
4
M
0
68698
0.00
A
2029-11-27
Common Stock
68698
0
D
No shares were sold. Reflects deemed surrender of shares to satisfy the exercise price due upon exercise of the associated options.
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 Footenote 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
2022-11-03