Home > Insider Trading > Filing (0001140361-22-030801)

Filing Details

Accession Number:: 0001140361-22-030801
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2022-08-24 21:01:02
Reporting Period:: 2022-08-22

Accepted Time:: 2022-08-24 21:01:02
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
1332732	L Arthur Regan	C/O Genco Shipping &Amp; Trading Limited 299 Park Avenue, 12Th Floor New York NY 10171		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	2022-08-22	26,914	$13.37	78,808	No	4	M	Direct
Common Stock	Disposition	2022-08-22	22,984	$15.65	55,824	No	4	S	Direct
Common Stock	Acquisiton	2022-08-22	43,919	$8.07	99,743	No	4	M	Direct
Common Stock	Disposition	2022-08-22	22,633	$15.65	77,110	No	4	S	Direct
Common Stock	Acquisiton	2022-08-22	37,453	$7.06	114,563	No	4	M	Direct
Common Stock	Disposition	2022-08-22	16,895	$15.65	97,668	No	4	S	Direct
Common Stock	Disposition	2022-08-23	22,887	$15.82	74,781	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	S	Direct
No	4	M	Direct
No	4	S	Direct
No	4	M	Direct
No	4	S	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	2022-08-22	37,453	$0.00	58,180	$7.06
Common Stock	Option	Disposition	2022-08-22	43,919	$0.00	43,919	$8.07
Common Stock	Option	Disposition	2022-08-22	26,914	$0.00	26,914	$13.37
Common Stock	Restricted Stock Units	Disposition	2022-08-23	190	$0.00	190	$0.00
Common Stock	Restricted Stock Units	Disposition	2022-08-23	149	$0.00	149	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
18,727	2021-02-25	2026-02-25	No	4	M	Direct
0	2020-03-04	2025-03-04	No	4	M	Direct
0	2019-02-27	2024-02-27	No	4	M	Direct
6,204			No	4	A	Direct
4,850			No	4	A	Direct

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Restricted Stock Units	$0.00	12,286	12,286	Direct
Common Stock	Restricted Stock Units	$0.00	9,443	9,443	Direct
Common Stock	Restricted Stock Units	$0.00	16,666	16,666	Direct

Amount	Remaning Holdings	Nature of Ownership
12,286	12,286	Direct
9,443	9,443	Direct
16,666	16,666	Direct

Footnotes

Represents shares withheld by the issuer for the cashless exercise of options having an exercise price of $13.365 per share for 26,914 shares of the issuer's common stock.
Represents shares withheld by the issuer for the cashless exercise of options having an exercise price of $8.065 per share for 43,919 shares of the issuer's common stock.
Represents shares withheld by the issuer for the cashless exercise of options having an exercise price of $7.06 per share for 37,453 shares of the issuer's common stock.
These shares were sold in order to satisfy the reporting person's tax obligations in respect of shares of the issuer's common stock received upon the exercise of options as noted above.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $15.68 to $15.975 (inclusive) on August 23, 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 ("RSU") 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 RSUs generally vest in equal installments on each of the first three anniversaries of May 4, 2021, subject to postponement of settlement if the vesting occurs during a blackout period or other trading restriction.
These RSUs 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.
These options generally became exercisable in equal installments on each of the first three anniversaries of February 27, 2018.
These restricted stock units vested on May 17, 2017.
These RSUs vested on May 16, 2022.
These RSUs generally vest on the earlier of (i) the date of the annual shareholders meeting of the issuer next following the May 16, 2022 grant date and (ii) the date that is fourteen months after the grant date.
Represents additional RSUs granted in lieu of the right to receive the amount of cash dividends paid on the common stock underlying the previously outstanding RSUs pursuant to the terms of the governing RSU agreements. The number of additional RSUs is calculated by dividing the amount of the dividend by the closing price per share of the issuer's common stock on the dividend payment date.