World Kinect (WKC) Form 4 WORLD FUEL SERVICES / MICHAEL J KASBAR ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

KASBAR MICHAEL J

(Last) (First) (Middle)

C/O WORLD FUEL SERVICES CORPORATION

9800 N.W. 41ST STREET

(Street)

MIAMI FL 33178

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
WORLD FUEL SERVICES CORP [ INT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
Chairman, CEO and President

3. Date of Earliest Transaction (Month/Day/Year)
03/15/2020

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/15/2020		A		44,690(1)	A	$0.00	786,061	D
Common Stock	03/15/2020		F		17,586(2)	D	$22.67(3)	768,475	D
Common Stock	03/15/2020		F		8,527(4)	D	$22.67(3)	759,948	D
Common Stock	03/15/2020		A		80,815(5)	A	$0.00	840,763	D
Common Stock								1,340	I	By Spouse

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock-Settled Stock Appreciation Right	$22.67(3)	03/15/2020		A		140,449		(6)	03/15/2025	Common Stock	140,449	$0.00	140,449	D

Explanation of Responses:

1. Represents an award of shares of common stock earned by the reporting person based on the level of performance criteria satisfied under certain performance-based restricted stock units ("PRSUs").

2. The issuer withheld the reported shares to cover the reporting person's tax liability associated with the shares of common stock received in connection with the vesting of the PRSUs.

3. The price shown is the closing price of the issuer's common stock on the NYSE on March 16, 2020.

4. An aggregate of 21,668 restricted stock units held by the reporting person vested and settled on March 15, 2020. The issuer withheld the reported shares to cover the reporting person's tax liability associated with these restricted stock units.

5. Represents restricted stock units earned by the reporting person based on the level of performance criteria met for fiscal year 2019. These restricted stock units will vest in three equal annual installments beginning on March 15, 2021.

6. These stock-settled stock appreciation rights will vest on March 15, 2023.

Remarks:

	/s/ Amy A. Quintana, Attorney-in-fact	03/17/2020
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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