0001209191-22-045244.txt : 20220810
0001209191-22-045244.hdr.sgml : 20220810
20220810170504
ACCESSION NUMBER: 0001209191-22-045244
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20220808
FILED AS OF DATE: 20220810
DATE AS OF CHANGE: 20220810
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: 001-41370
FILM NUMBER: 221152613
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 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
2022-08-08
0
0001899883
FTAI Infrastructure Inc.
FIP
0001371020
Adams Joseph P. Jr.
1345 AVENUE OF THE AMERICAS, 45TH FLOOR
NEW YORK
NY
10105
1
0
0
0
Stock Options (Right to Buy)
1.65
2022-08-08
4
A
0
225
A
2030-07-06
Common Stock
225
225
D
Stock Options (Right to Buy)
1.65
2022-08-08
4
A
0
75
A
2030-07-07
Common Stock
75
75
D
Stock Options (Right to Buy)
1.68
2022-08-08
4
A
0
71
A
2030-07-08
Common Stock
71
71
D
Stock Options (Right to Buy)
1.68
2022-08-08
4
A
0
71
A
2030-07-13
Common Stock
71
71
D
Stock Options (Right to Buy)
1.72
2022-08-08
4
A
0
69
A
2030-07-14
Common Stock
69
69
D
Stock Options (Right to Buy)
1.91
2022-08-08
4
A
0
950
A
2030-07-29
Common Stock
950
950
D
Stock Options (Right to Buy)
1.88
2022-08-08
4
A
0
68
A
2030-07-30
Common Stock
68
68
D
Stock Options (Right to Buy)
1.93
2022-08-08
4
A
0
198
A
2030-07-31
Common Stock
198
198
D
Stock Options (Right to Buy)
1.96
2022-08-08
4
A
0
63
A
2030-08-04
Common Stock
63
63
D
Stock Options (Right to Buy)
1.93
2022-08-08
4
A
0
195
A
2030-08-05
Common Stock
195
195
D
Stock Options (Right to Buy)
1.94
2022-08-08
4
A
0
259
A
2030-08-06
Common Stock
259
259
D
Stock Options (Right to Buy)
2.04
2022-08-08
4
A
0
248
A
2030-08-07
Common Stock
248
248
D
Stock Options (Right to Buy)
2.18
2022-08-08
4
A
0
696
A
2030-08-10
Common Stock
696
696
D
Stock Options (Right to Buy)
2.19
2022-08-08
4
A
0
870
A
2030-08-11
Common Stock
870
870
D
Stock Options (Right to Buy)
2.19
2022-08-08
4
A
0
816
A
2030-08-12
Common Stock
816
816
D
Stock Options (Right to Buy)
2.20
2022-08-08
4
A
0
358
A
2030-08-13
Common Stock
358
358
D
Stock Options (Right to Buy)
2.21
2022-08-08
4
A
0
178
A
2030-08-14
Common Stock
178
178
D
Stock Options (Right to Buy)
2.20
2022-08-08
4
A
0
298
A
2030-08-17
Common Stock
298
298
D
Stock Options (Right to Buy)
2.24
2022-08-08
4
A
0
176
A
2030-08-18
Common Stock
176
176
D
Stock Options (Right to Buy)
2.17
2022-08-08
4
A
0
364
A
2030-08-19
Common Stock
364
364
D
Stock Options (Right to Buy)
2.16
2022-08-08
4
A
0
369
A
2030-08-20
Common Stock
369
369
D
Stock Options (Right to Buy)
2.17
2022-08-08
4
A
0
183
A
2030-08-21
Common Stock
183
183
D
Stock Options (Right to Buy)
2.15
2022-08-08
4
A
0
117
A
2030-08-25
Common Stock
117
117
D
Stock Options (Right to Buy)
2.19
2022-08-08
4
A
0
230
A
2030-08-26
Common Stock
230
230
D
Stock Options (Right to Buy)
2.15
2022-08-08
4
A
0
941
A
2030-08-27
Common Stock
941
941
D
Stock Options (Right to Buy)
2.09
2022-08-08
4
A
0
548
A
2030-08-28
Common Stock
548
548
D
Stock Options (Right to Buy)
2.08
2022-08-08
4
A
0
181
A
2030-08-31
Common Stock
181
181
D
Stock Options (Right to Buy)
2.08
2022-08-08
4
A
0
4182
A
2030-09-01
Common Stock
4182
4182
D
Stock Options (Right to Buy)
1.94
2022-08-08
4
A
0
57538
A
2029-09-12
Common Stock
57538
57538
D
Stock Options (Right to Buy)
2.17
2022-08-08
4
A
0
68698
A
2029-11-27
Common Stock
68698
68698
D
Represents tandem awards granted by Fortress Transportation and Infrastructure Investors LLC ("FTAI") that have been converted into tandem awards of the Issuer in connection with the spin-off of the Issuer from FTAI (the "Spin-off"). The exercise price was determined based on the five-day volume weighted average price of each of the Issuer and FTAI following the closing of the Spin-off, which five-day trading period ended on August 8, 2022.
Tandem awards are options that correspond on a one-to-one basis with options held by FIG LLC, the Issuer's manager (or an affiliate of the Issuer's manager), such that exercise by the recipient of the tandem award would result in the corresponding option held by the manager being cancelled. (Continued in Footnote 3)
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. 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 30 months, minus the product of (i) the ratio of manager options not subject to corresponding tandem awards to the total number of related manager options (including the manager options subject to such tandem awards) multiplied by (ii) 30 (such period, the "Manager Exercisability Period"). Following the Manager Exercisability Period, the tandem awards vest in generally monthly installments 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 related manager option.
Due to SEC row limitations, this Form 4 is filed in two parts. This is Part 1 of 2.
/s/ BoHee Yoon, as Attorney-in-Fact
2022-08-10