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Filing Details

Accession Number:: 0001140361-20-004308
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2020-02-27 17:33:33
Reporting Period:: 2020-02-25

Accepted Time:: 2020-02-27 17:33:33
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	Ceo, President And Secretary	No	No	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2020-02-27	6,696	$0.00	331,216	No	4	M	Direct
Common Stock	Disposition	2020-02-27	3,348	$7.34	327,868	No	4	S	Direct

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

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Restricted Stock Units	Acquisiton	2020-02-25	84,986	$0.00	84,986	$0.00
Common Stock	Option	Acquisiton	2020-02-25	168,539	$0.00	168,539	$7.06
Common Stock	Restricted Stock Units	Disposition	2020-02-27	6,696	$0.00	6,696	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
84,986			No	4	A	Direct
168,539	2021-02-25	2026-02-25	No	4	A	Direct
6,696			No	4	M	Direct

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Restricted Stock Units	$0.00			59,595	59,595	Direct
Common Stock	Option	$8.07	2020-03-04	2025-03-04	135,135	135,135	Direct
Common Stock	Option	$13.37	2019-02-27	2024-02-27	65,789	65,789	Direct
Common Stock	Option	$10.81	2017-10-15	2023-03-23	133,000	133,000	Direct
Common Stock	Warrant	$247.02	2015-08-07	2020-08-07	47,613	476,133	Direct
Common Stock	Warrant	$273.90	2015-08-07	2020-08-07	49,340	493,402	Direct
Common Stock	Warrant	$325.95	2015-08-07	2020-08-07	74,195	741,958	Direct
Common Stock	Warrant	$200.11	2014-07-09	2021-07-09	2,785	26,533	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
	59,595	59,595	Direct
2025-03-04	135,135	135,135	Direct
2024-02-27	65,789	65,789	Direct
2023-03-23	133,000	133,000	Direct
2020-08-07	47,613	476,133	Direct
2020-08-07	49,340	493,402	Direct
2020-08-07	74,195	741,958	Direct
2021-07-09	2,785	26,533	Direct

Footnotes

These shares were sold in order to satisfy the reporting person's tax obligations for restricted stock units that settled in shares of the issuer's common stock onFebruary 27, 2020.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.27 to $7.45 inclusive) onFebruary 27, 2020. 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.
Each restricted stock unit represents the right to receive one share of the issuer's common stock, or in the sole discretion of the issuer's Compensation Committee, the value of a share of common stock on the date that the restricted stock unit vests.
These restricted stock units generally vest in equal installments on each of the first three anniversaries of February 25, 2020, subject to postponement of settlement if the vesting occurs during a blackout period or other trading restriction.
These options generally become exercisable in equal installments on each of the first three anniversaries of February 25, 2020.
These restricted stock units generally vest in equal installments on each of the first three anniversaries of March 4, 2019, subject to postponement of settlement if the vesting occurs during a blackout period or other trading restriction.
These options generally become exercisable in equal installments on each of the first three anniversaries of March 4, 2019.
These restricted stock units generally vest in equal installments on each of the first three anniversaries of February 27, 2018, subject to postponement of settlement if the vesting occurs during a blackout period or other trading restriction.
These options generally become exercisable in equal installments on each of the first three anniversaries of February 27, 2018.
These options generally become exercisable in equal installments on each of the first three anniversaries of October 15, 2016.
These warrants became exercisable in equal installments on each of the first three anniversaries of August 7, 2014.
Per the terms of these options, the exercise price was adjusted from $8.39 to $8.065, from $11.13 to $10.805, and from $13.69 to $13.365, respectively, as a result of the special dividend of $0.325 per share paid on December 5, 2019.
Per the terms of these warrants, the exercise price was adjusted from $259.10 to $247.01511, from $287.30 to $273.89981, and from $341.90 to $325.95317, respectively, as a result of the special dividend of $0.325 per share and the quarterly dividend of $0.175 per share paid on December 5, 2019.
Per the terms of these warrants, the exercise price was adjusted from $209.90 to $200.10989 and the number of shares for which each warrant is exercisable was adjusted from 0.1 shares to 0.105 shares per the terms of the warrant as a result of the special dividend of $0.325 per share and the quarterly dividend of $0.175 per share paid on December 5, 2019.