Form Type: 4

SEC EDGAR Link
Accession Number:0001209191-22-055279
Date:2022-11-01
Issuer: FORTRESS TRANSPORTATION & INFRASTRUCTURE INVESTORS LLC (FTAI)
Original Submission Date:

Reporting Person:

ADAMS JOSEPH P. JR.
1345 AVENUE OF THE AMERICAS, 45 FL
NEW YORK, NY 10105

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
COMMON SHARES 2022-11-01 M 57,538 a $13.04 260,154 direct
COMMON SHARES 2022-11-01 M 68,698 a $14.56 328,852 direct
COMMON SHARES 2022-11-01 F 99,351 d $17.62 229,501 direct
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
STOCK OPTION (RIGHT TO BUY) 13.04 2022-11-01 deemed execution date M 57,538 (d) 2029-09-12 common shares 57,538 $13.04 0 direct
STOCK OPTION (RIGHT TO BUY) 14.56 2022-11-01 deemed execution date M 68,698 (d) 2029-11-27 common shares 68,698 $14.56 0 direct
Footnotes
IDfootnote
f1 no shares were sold. reflects deemed surrender of shares to satisfy the exercise price due upon exercise of the associated options.
f2 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.
f3 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)
f4 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.
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