Filing Details
- Accession Number:
- 0001140361-15-031183
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2015-08-11 21:02:29
- Reporting Period:
- 2015-08-07
- Filing Date:
- 2015-08-11
- Accepted Time:
- 2015-08-11 21:02:29
- 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 |
|---|---|---|---|---|---|---|---|
| 1626935 | Apostolos Zafolias | C/O Genco Shipping &Amp; Trading Limited 299 Park Avenue, 12Th Floor New York NY 10171 | Chief Financial Officer | 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 | 2015-08-07 | 3,038 | $7.17 | 15,953 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| 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 | 40,709 | 0 | Direct |
| Common Stock | Warrant | $28.73 | 2015-08-07 | 2020-08-07 | 42,186 | 0 | Direct |
| Common Stock | Warrant | $34.19 | 2015-08-07 | 2020-08-07 | 63,437 | 0 | Direct |
| Common Stock | Warrant | $20.99 | 2014-07-09 | 2021-07-09 | 1,902 | 0 | Direct |
| Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|
| 2020-08-07 | 40,709 | 0 | Direct |
| 2020-08-07 | 42,186 | 0 | Direct |
| 2020-08-07 | 63,437 | 0 | Direct |
| 2021-07-09 | 1,902 | 0 | 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 that vested on August 7, 2015.
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.10 to $7.37 (inclusive) on August 7, 2015. The reporting person undertakes to provide to Genco Shipping & Trading Limited, 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.
- These warrants to purchase shares of common stock of the issuer were issued pursuant to the issuer's 2014 Management Incentive Plan. The warrants will become exercisable in equal installments on each of the first three anniversaries of August 7, 2014.
Billionaire Hedge Funds
