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Filing Details

Accession Number:: 0001104659-21-003587
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2021-01-12 20:47:36
Reporting Period:: 2021-01-08

Accepted Time:: 2021-01-12 20:47:36
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1326200	Genco Shipping & Trading Ltd	GNK	()	DE

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
1301912	Strategic Value Partners, Llc	100 West Putnam Avenue Greenwich CT 06830	No	No	Yes	No
1473996	Victor Khosla	100 West Putnam Avenue Greenwich CT 06830	No	No	Yes	No
1614274	Svp Special Situations Iii Llc	100 West Putnam Avenue Greenwich CT 06830	No	No	Yes	No
1614275	Svp Special Situations Iii-A Llc	100 West Putnam Avenue Greenwich CT 06830	No	No	Yes	No
1614276	Svp Special Situations Ii Llc	100 West Putnam Avenue Greenwich CT 06830	No	No	Yes	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	Disposition	2021-01-08	251,571	$8.58	2,043,868	No	4	S	Indirect	See footnotes
Common Stock	Disposition	2021-01-08	257,827	$8.58	2,094,698	No	4	S	Indirect	See footnotes
Common Stock	Disposition	2021-01-08	222,737	$8.58	1,809,612	No	4	S	Indirect	See footnotes
Common Stock	Disposition	2021-01-08	63,306	$8.58	514,329	No	4	S	Indirect	See footnotes
Common Stock	Disposition	2021-01-11	538,575	$8.31	1,792,297	No	4	S	Indirect	See footnotes
Common Stock	Disposition	2021-01-11	551,969	$8.31	1,836,871	No	4	S	Indirect	See footnotes
Common Stock	Disposition	2021-01-11	476,847	$8.31	1,586,875	No	4	S	Indirect	See footnotes
Common Stock	Disposition	2021-01-11	135,530	$8.31	451,023	No	4	S	Indirect	See footnotes
Common Stock	Disposition	2021-01-12	1,392,738	$8.12	399,559	No	4	S	Indirect	See footnotes
Common Stock	Disposition	2021-01-12	1,427,375	$8.12	409,496	No	4	S	Indirect	See footnotes
Common Stock	Disposition	2021-01-12	1,233,111	$8.12	353,764	No	4	S	Indirect	See footnotes
Common Stock	Disposition	2021-01-12	350,476	$8.12	100,547	No	4	S	Indirect	See footnotes

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	See footnotes
No	4	S	Indirect	See footnotes
No	4	S	Indirect	See footnotes
No	4	S	Indirect	See footnotes
No	4	S	Indirect	See footnotes
No	4	S	Indirect	See footnotes
No	4	S	Indirect	See footnotes
No	4	S	Indirect	See footnotes
No	4	S	Indirect	See footnotes
No	4	S	Indirect	See footnotes
No	4	S	Indirect	See footnotes
No	4	S	Indirect	See footnotes

Footnotes

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $8.50 to $8.88, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, 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 range.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $8.25 to $8.58, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, 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 range.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $8.05 to $8.40, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, 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 range.
The reported securities are held directly by Strategic Value Master Fund, Ltd., Strategic Value Special Situations Master Fund II, L.P., Strategic Value Special Situations Master Fund III, L.P. and Strategic Value Opportunities Fund, L.P., and may be deemed to be held indirectly by Strategic Value Partners, LLC ("Strategic Value Partners"), SVP Special Situations II LLC ("Special Situations II"), SVP Special Situations III LLC ("Special Situations III"), SVP Special Situations III-A LLC ("Special Situations III-A"), each as investment manager, and Victor Khosla ("Mr. Khosla" and together with Strategic Value Partners, Special Situations II, Special Situations III and Special Situations III-A, the "Reporting Persons"), as the sole member of Midwood Holdings, LLC, the managing member of Strategic Value Partners, in each case as described below.
The filing of this Form 4 shall not be construed as an admission that the Reporting Persons are or were for the purposes of Section 16(a) of the Securities Exchange Act of 1934, as amended, or otherwise, the beneficial owners of any of the securities reported herein. The Reporting Persons disclaim such beneficial ownership, except to the extent of their pecuniary interest.
Held directly by Strategic Value Master Fund, Ltd., a Cayman Islands exempted company. Strategic Value Partners is the investment manager of, and exercises investment discretion over Strategic Value Master Fund, Ltd. Strategic Value Partners is indirectly majority owned and controlled by Mr. Khosla.
Held directly by Strategic Value Special Situations Master Fund II, L.P., a Cayman Islands exempted limited partnership. Special Situations II is the investment manager of, and exercises investment discretion over Strategic Value Special Situations Master Fund II, L.P. Strategic Value Partners is the managing member of Special Situations II. Strategic Value Partners and Special Situations II are both indirectly majority owned and controlled by Mr. Khosla.
Held directly by Strategic Value Special Situations Master Fund III, L.P., a Cayman Islands exempted limited partnership. Special Situations III is the investment manager of, and exercises investment discretion over Strategic Value Special Situations Master Fund III, L.P. Strategic Value Partners is the managing member of Special Situations III. Strategic Value Partners and Special Situations III are both indirectly majority owned and controlled by Mr. Khosla.
Held directly by Strategic Value Opportunities Fund, L.P., a Cayman Islands exempted limited partnership. Special Situations III-A is the investment manager of, and exercises investment discretion over Strategic Value Opportunities Fund, L.P. Strategic Value Partners is the managing member of Special Situations III-A. Strategic Value Partners and Special Situations III-A are both indirectly majority owned and controlled by Mr. Khosla.