Filing Details
- Accession Number:
- 0001140361-15-028619
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2015-07-24 21:00:24
- Reporting Period:
- 2015-07-22
- Filing Date:
- 2015-07-24
- Accepted Time:
- 2015-07-24 21:00:24
- 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
Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|---|---|---|---|---|---|
Common Stock | Disposition | 2015-07-22 | 26,479 | $7.45 | 350,321 | No | 4 | S | Direct | |
Common Stock | Disposition | 2015-07-23 | 2,928 | $7.52 | 347,393 | No | 4 | S | Direct |
Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|
No | 4 | S | Direct | |
No | 4 | S | Direct |
Reported Derivative Holdings
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
- 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 Limited ("Baltic Trading") that vested on July 17, 2015 and were converted into shares of Genco Shipping & Trading Limited ("Genco") pursuant to that certain Agreement and Plan of Merger, dated as of April 7, 2015, as amended, by and among Genco, Baltic Trading, a Marshall Islands corporation 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 price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.30 to $7.616 (inclusive) on 7/22/15 and from $7.46 to $7.58 (inclusive) on 7/23/15. 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.