Home > Insider Trading > Filing (0001140361-15-028221)

Filing Details

Accession Number:: 0001140361-15-028221
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2015-07-21 21:16:46
Reporting Period:: 2015-07-17

Filing Date:: 2015-07-21
Accepted Time:: 2015-07-21 21:16:46
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1326200	Genco Shipping & Trading Ltd	GNK	Deep Sea Foreign Transportation Of Freight (4412)	000000000

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1333673	C John Wobensmith	C/O Genco Shipping &Amp; Trading Limited 299 Park Avenue, 12Th Floor New York NY 10171	President And Secretary	No	Yes	No	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2015-07-17	197,633	$0.00	419,753	No	4	A	Direct
Common Stock	Disposition	2015-07-17	1,460	$7.46	418,293	No	4	S	Direct
Common Stock	Disposition	2015-07-20	18,393	$7.35	399,900	No	4	S	Direct
Common Stock	Disposition	2015-07-21	23,100	$7.66	376,800	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	A	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct

Reported Derivative Holdings

Show Other Fields >>

Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Warrant	$25.91	2015-08-07	2020-08-07	476,133	476,133	Direct
Common Stock	Warrant	$28.73	2015-08-07	2020-08-07	493,402	493,402	Direct
Common Stock	Warrant	$34.19	2015-08-07	2020-08-07	741,958	741,958	Direct
Common Stock	Warrant	$20.99	2014-07-09	2021-07-09	26,533	26,533	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2020-08-07	476,133	476,133	Direct
2020-08-07	493,402	493,402	Direct
2020-08-07	741,958	741,958	Direct
2021-07-09	26,533	26,533	Direct

Footnotes

Represents shares acquired pursuant to that certain Agreement and Plan of Merger, dated as of April 7, 2015, as amended (the "Merger Agreement") by and among Genco Shipping & Trading Limited ("Genco"), Baltic Trading Limited, a Marshall Islands corporation ("Baltic Trading"), and Poseidon Merger Sub Limited, a Marshall Islands corporation and wholly owned subsidiary of Genco ("Merger Sub"), pursuant to which Merger Sub merged with and into Baltic Trading, with Baltic Trading surviving the Merger as a wholly owned subsidiary of Genco (the "Merger"). Pursuant to the Merger Agreement, at the effective time of the Merger, each of the reporting person's shares of Baltic Trading common stock was cancelled in exchange for the right to receive 0.216 shares of Genco common stock.
These shares were sold under instructions given in accordance with Rule 10b5-1 under the Securities Exchange Act of 1934, as amended, in order to satisfy the reporting person's tax obligations for restricted shares of common stock of Baltic Trading that vested on July 17, 2015 and were converted into shares of Genco in connection with the Merger.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.30 to $7.60 (inclusive) on 7/17/15, from $6.85 to $7.74 (inclusive) on 7/20/15, and from $7.455 to $7.77 (inclusive) on 7/21/15. The reporting person undertakes to provide to Genco, 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 this footnote.