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Filing Details

Accession Number:: 0001140361-22-021102
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2022-05-27 21:30:16
Reporting Period:: 2022-05-26

Accepted Time:: 2022-05-27 21:30:16
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
Common Stock	Acquisiton	2022-05-26	17,926	$8.07	417,025	No	4	M	Direct
Common Stock	Disposition	2022-05-26	5,732	$25.22	411,293	No	4	F	Direct
Common Stock	Disposition	2022-05-26	12,194	$25.30	399,099	No	4	S	Direct
Common Stock	Acquisiton	2022-05-27	66,205	$8.07	465,316	No	4	M	Direct
Common Stock	Disposition	2022-05-27	21,205	$25.18	444,099	No	4	F	Direct
Common Stock	Disposition	2022-05-27	45,000	$25.15	399,099	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	F	Direct
No	4	S	Direct
No	4	M	Direct
No	4	F	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	Option	Disposition	2022-05-26	17,926	$0.00	17,926	$8.07
Common Stock	Option	Disposition	2022-05-27	66,205	$0.00	66,205	$8.07

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
82,896	2020-03-04	2025-03-04	No	4	M	Direct
16,691	2020-03-04	2025-03-04	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			71,574	71,574	Direct
Common Stock	Restricted Stock Units	$0.00			40,364	40,364	Direct
Common Stock	Option	$9.91	2022-02-23	2027-02-23	69,284	69,284	Direct
Common Stock	Restricted Stock Units	$0.00			28,329	28,329	Direct
Common Stock	Option	$7.06	2021-02-25	2026-02-25	168,539	168,539	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
	71,574	71,574	Direct
	40,364	40,364	Direct
2027-02-23	69,284	69,284	Direct
	28,329	28,329	Direct
2026-02-25	168,539	168,539	Direct

Footnotes

Represents shares withheld by the issuer for the cashless exercise of options for 17,926 shares of the issuer's common stock.
A portion of these shares were sold in order to satisfy the reporting person's tax obligations for shares of common stock of the issuer that the reporting person received from the exercise of stock options on May 26, 2022.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $25.30 to $25.35 (inclusive) on May 26, 2022. 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.
Represents shares withheld by the issuer for the cashless exercise of options for 66,205 shares of the issuer's common stock.
A portion of these shares were sold in order to satisfy the reporting person's tax obligations for shares of common stock of the issuer that the reporting person received from the exercise of stock options on May 27, 2022.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $25.10 to $25.2913 (inclusive) on May 27, 2022. 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 installments of 21.43% per annum on each of the first three anniversaries of February 23, 2022, 17.86% on the fourth such anniversary, and 17.85% on the fifth such anniversary, subject to postponement of settlement if the vesting occurs during a blackout period or other trading restriction.
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 options generally become exercisable in equal installments on each of the first three anniversaries of March 4, 2019.