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
  1. 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.
  2. 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.