Filing Details
- Accession Number:
- 0001140361-21-006290
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2021-02-25 21:38:17
- Reporting Period:
- 2021-02-23
- Accepted Time:
- 2021-02-25 21:38:17
- 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 | No | 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 | Acquisiton | 2021-02-25 | 4,721 | $0.00 | 9,107 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2021-02-25 | 2,266 | $10.67 | 6,841 | 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
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Restricted Stock Units | Acquisiton | 2021-02-23 | 10,091 | $0.00 | 10,091 | $0.00 |
| Common Stock | Option | Acquisiton | 2021-02-23 | 11,547 | $0.00 | 11,547 | $9.91 |
| Common Stock | Restricted Stock Units | Disposition | 2021-02-25 | 4,721 | $0.00 | 4,721 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 10,091 | No | 4 | A | Direct | ||
| 11,547 | 2021-02-25 | 2026-02-25 | No | 4 | A | Direct |
| 9,443 | No | 4 | M | Direct |
Reported Derivative Holdings
| Sec. Name | Sec. Type | Price | Date | Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|---|---|---|---|
| Common Stock | Option | $7.06 | 2021-02-25 | 2026-02-25 | 28,090 | 28,090 | Direct |
| Common Stock | Restricted Stock Units | $0.00 | 5,960 | 5,960 | Direct | ||
| Common Stock | Option | $8.07 | 2020-03-04 | 2025-03-04 | 20,270 | 20,270 | Direct |
| Common Stock | Restricted Stock Units | $0.00 | 1,218 | 1,218 | Direct | ||
| Common Stock | Option | $13.37 | 2019-02-27 | 2024-02-27 | 11,962 | 11,962 | Direct |
| Common Stock | Warrant | $195.15 | 2014-07-09 | 2021-07-09 | 205 | 1,902 | Direct |
| Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|
| 2026-02-25 | 28,090 | 28,090 | Direct |
| 5,960 | 5,960 | Direct | |
| 2025-03-04 | 20,270 | 20,270 | Direct |
| 1,218 | 1,218 | Direct | |
| 2024-02-27 | 11,962 | 11,962 | Direct |
| 2021-07-09 | 205 | 1,902 | Direct |
Footnotes
- The Reporting Person became entitled to receive shares of common stock in settlement of restricted stock units upon their vesting.
- 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 stock units that settled in shares of the issuer's common stock on February 25, 2021.
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.32 to $11.07 (inclusive) on February 25, 2021. 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 23, 2021, 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 23, 2021.
- 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.
- Per the terms of these warrants, the exercise price was adjusted from $200.10989 to $195.14966 and the number of shares for which each warrant is exercisable was adjusted from 0.105 shares to 0.108 shares per the terms of the warrant as a result of dividends of $0.175 per share paid on March 16, 2020.
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