X0306 4 2018-02-01 0 0001679049 International Seaways, Inc. INSW 0001427430 BlueMountain Capital Management, LLC 280 PARK AVENUE, 12TH FLOOR NEW YORK NY 10017 0 0 1 0 0001540859 BlueMountain GP Holdings, LLC 280 PARK AVENUE, 12TH FLOOR NEW YORK NY 10017 0 0 1 0 0001541088 BlueMountain Long/Short Credit GP, LLC 280 PARK AVENUE, 12TH FLOOR NEW YORK NY 10017 0 0 1 0 0001598919 BlueMountain Guadalupe Peak Fund L.P. 280 PARK AVENUE, 12TH FLOOR NEW YORK NY 10017 0 0 1 0 0001614634 BLUEMOUNTAIN NAUTICAL LLC 280 PARK AVENUE, 12TH FLOOR NEW YORK NY 10017 0 0 1 0 Common Stock 2018-02-01 4 S 0 235 16.58 D 3409442 I By BlueMountain Guadalupe Peak Fund L.P. Common Stock 2018-02-01 4 S 0 675 16.58 D 0 I By BlueMountain Kicking Horse Fund L.P. Common Stock 2018-02-01 4 S 0 4124 16.58 D 0 I By Blue Mountain Credit Alternatives Master Fund L.P. Common Stock 2018-02-01 4 S 0 2460 16.58 D 0 I By BlueMountain Systematic Master Fund L.P. Common Stock 2018-02-01 4 S 0 527 16.58 D 0 I By BlueMountain Fursan Fund L.P. Common Stock 2018-02-02 4 S 0 47 16.7738 D 3409442 I By BlueMountain Guadalupe Peak Fund L.P. Common Stock 2018-02-02 4 S 0 135 16.7738 D 0 I By BlueMountain Kicking Horse Fund L.P. Common Stock 2018-02-02 4 S 0 823 16.7738 D 0 I By Blue Mountain Credit Alternatives Master Fund L.P. Common Stock 2018-02-02 4 S 0 492 16.7738 D 0 I By BlueMountain Systematic Master Fund L.P. Common Stock 2018-02-02 4 S 0 105 16.7737 D 0 I By BlueMountain Fursan Fund L.P. Common Stock 2018-02-05 4 S 0 17 16.8129 D 3409442 I By BlueMountain Guadalupe Peak Fund L.P. Common Stock 2018-02-05 4 S 0 51 16.8129 D 0 I By BlueMountain Kicking Horse Fund L.P. Common Stock 2018-02-05 4 S 0 314 16.813 D 0 I By Blue Mountain Credit Alternatives Master Fund L.P. Common Stock 2018-02-05 4 S 0 188 16.813 D 0 I By BlueMountain Systematic Master Fund L.P. Common Stock 2018-02-05 4 S 0 42 16.8125 D 0 I By BlueMountain Fursan Fund L.P. Common Stock 2018-02-07 4 S 0 8 16.25 D 3409442 I By BlueMountain Guadalupe Peak Fund L.P. Common Stock 2018-02-07 4 S 0 23 16.25 D 0 I By BlueMountain Kicking Horse Fund L.P. Common Stock 2018-02-07 4 S 0 137 16.25 D 0 I By Blue Mountain Credit Alternatives Master Fund L.P. Common Stock 2018-02-07 4 S 0 81 16.25 D 0 I By BlueMountain Systematic Master Fund L.P. Common Stock 2018-02-07 4 S 0 16 16.25 D 0 I By BlueMountain Fursan Fund L.P. Common Stock 2018-02-08 4 S 0 11 15.82 D 3409442 I By BlueMountain Guadalupe Peak Fund L.P. Common Stock 2018-02-08 4 S 0 30 15.82 D 0 I By BlueMountain Kicking Horse Fund L.P. Common Stock 2018-02-08 4 S 0 182 15.82 D 0 I By Blue Mountain Credit Alternatives Master Fund L.P. Common Stock 2018-02-08 4 S 0 109 15.82 D 0 I By BlueMountain Systematic Master Fund L.P. Common Stock 2018-02-08 4 S 0 23 15.82 D 0 I By BlueMountain Fursan Fund L.P. Common Stock 2018-02-09 4 S 0 34 15.63 D 3409442 I By BlueMountain Guadalupe Peak Fund L.P. Common Stock 2018-02-09 4 S 0 97 15.63 D 0 I By BlueMountain Kicking Horse Fund L.P. Common Stock 2018-02-09 4 S 0 597 15.63 D 0 I By Blue Mountain Credit Alternatives Master Fund L.P. Common Stock 2018-02-09 4 S 0 356 15.63 D 0 I By BlueMountain Systematic Master Fund L.P. Common Stock 2018-02-09 4 S 0 77 15.63 D 0 I By BlueMountain Fursan Fund L.P. Represents shares of common stock of International Seaways, Inc. (the "Issuer") that were sold by BlueMountain Guadalupe Peak Fund L.P. ("Guadalupe"). Such shares of common stock that were sold by Guadalupe were acquired by Guadalupe in an in-kind, pro rata distribution for no consideration from BlueMountain Nautical LLC ("Nautical"). Guadalupe, as a holder of membership interests in Nautical, may be deemed to indirectly beneficially own the shares of common stock of the Issuer directly held by Nautical. Represents the aggregate amount of common stock of the Issuer directly held by Nautical following the transactions reported herein and the transactions reported in the Form 4 that will be filed immediately after this Form 4. BlueMountain Capital Management, LLC ("BMCM"), as the non-member manager of Nautical and the investment manager of Guadalupe, has voting and investment power over the shares of common stock of the Issuer held by Nautical and Guadalupe and thus may be deemed to beneficially own such securities. BMCM only receives an asset-based fee relating to the shares of common stock of the Issuer held by Nautical. BlueMountain Long/Short Credit GP, LLC (the "General Partner") is the general partner of Guadalupe and has an indirect profits interest in common stock of the Issuer beneficially owned by Guadalupe. BlueMountain GP Holdings, LLC ("GP Holdings") is the sole owner of the General Partner, and thus has an indirect profits interest in common stock of the Issuer beneficially owned by Guadalupe. (Continued From Footnote 3) The filing of this Form 4 shall not be construed as an admission that Guadalupe, BMCM, GP Holdings or the General Partner is or was the beneficial owner of any shares of common stock of the Issuer for the purpose of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or for any other purpose, and pursuant to Rule 16a-1(a)(4) under the Exchange Act, Guadalupe, BMCM, GP Holdings and the General Partner each disclaims such beneficial ownership except to the extent of their respective pecuniary interest. Represents shares of common stock of the Issuer that were sold by BlueMountain Kicking Horse Fund L.P. ("Kicking Horse"). Such shares of common stock that were sold by Kicking Horse were acquired by Kicking Horse in an in-kind, pro rata distribution for no consideration from Nautical. BMCM is the investment manager of Kicking Horse and has voting and investment power over any shares of common stock of the Issuer beneficially owned by Kicking Horse. Represents shares of common stock of the Issuer that were sold by Blue Mountain Credit Alternatives Master Fund L.P. ("Credit Alternatives"). Such shares of common stock that were sold by Credit Alternatives were acquired by Credit Alternatives in an in-kind, pro rata distribution for no consideration from Nautical. BMCM is the investment manager of Credit Alternatives and has voting and investment power over any shares of common stock of the Issuer beneficially owned by Credit Alternatives. Represents shares of common stock of the Issuer that were sold by BlueMountain Systematic Master Fund L.P. ("Systematic Master"). BMCM is the investment manager of Systematic Master and has voting and investment power over any shares of common stock of the Issuer beneficially owned by Systematic Master. Represents shares of common stock of the Issuer that were sold by BlueMountain Fursan Fund L.P. ("Fursan"). BMCM is the investment manager of Fursan and has voting and investment power over any shares of common stock of the Issuer beneficially owned by Fursan. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices of $16.77 and $16.80, inclusive. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (9) and (10) to this Form 4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices of $16.81 and $16.82, inclusive. Due to the limitation on the number of transactions that may be reported on a single Form 4, this Form 4 is the first of two consecutive Form 4 filings. BLUEMOUNTAIN CAPITAL MANAGEMENT, LLC, Name: /s/ Eric M. Albert, Title: Chief Compliance Officer 2018-04-04 BLUEMOUNTAIN GP HOLDINGS, LLC, Name: /s/ Eric M. Albert, Title: Chief Compliance Officer 2018-04-04 BLUEMOUNTAIN LONG/SHORT CREDIT GP, LLC, By: BlueMountain GP Holdings, LLC, Name: /s/ Eric M. Albert, Title: Chief Compliance Officer 2018-04-04 BLUEMOUNTAIN GUADALUPE PEAK FUND L.P., By: BlueMountain Long/Short Credit GP, LLC, By: BlueMountain GP Holdings, LLC, Name: /s/ Eric M. Albert, Title: Chief Compliance Officer 2018-04-04 BLUEMOUNTAIN NAUTICAL LLC, By: BlueMountain Capital Management, LLC, Name: /s/ Eric M. Albert, Title: Chief Compliance Officer 2018-04-04