0001209191-21-053116.txt : 20210824
0001209191-21-053116.hdr.sgml : 20210824
20210824161543
ACCESSION NUMBER: 0001209191-21-053116
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20210823
FILED AS OF DATE: 20210824
DATE AS OF CHANGE: 20210824
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: 001-37386
FILM NUMBER: 211202364
MAIL ADDRESS:
STREET 1: 1345 AVENUE OF THE AMERICAS
CITY: NEW YORK
STATE: NY
ZIP: 10105
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Fortress Transportation & Infrastructure Investors LLC
CENTRAL INDEX KEY: 0001590364
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MISCELLANEOUS EQUIPMENT RENTAL & LEASING [7350]
IRS NUMBER: 320434238
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 Ltd.
DATE OF NAME CHANGE: 20131029
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2021-08-23
0
0001590364
Fortress Transportation & Infrastructure Investors LLC
FTAI
0001672945
Nicholson Kenneth J.
1345 AVENUE OF THE AMERICAS
NEW YORK
NY
10105
1
0
0
0
Common Shares
2021-08-23
4
M
0
70000
18.65
A
126966
D
Common Shares
2021-08-23
4
M
0
12634
15.83
A
139600
D
Common Shares
2021-08-23
4
F
0
55330
27.21
D
84270
D
Stock Option (right to buy)
18.65
2021-08-23
4
M
0
70000
0.00
D
2028-01-16
Common Shares
70000
0
D
Stock Option (right to buy)
15.83
2021-08-23
4
M
0
12634
0.00
D
2028-12-06
Common Shares
12634
0
D
No shares were sold. Reflects deemed surrender of shares to satisfy the exercise price due upon exercise of the associated options.
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)
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.
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/ Cameron D. MacDougall, as Attorney-in-Fact
2021-08-24