Filing Details

Accession Number:
0001140361-15-031182
Form Type:
4
Zero Holdings:
No
Publication Time:
2015-08-11 21:01:29
Reporting Period:
2015-08-07
Filing Date:
2015-08-11
Accepted Time:
2015-08-11 21:01:29
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
President And Secretary No Yes 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 Disposition 2015-08-07 7,300 $7.18 340,093 No 4 S Direct
Common Stock Disposition 2015-08-10 2,614 $7.25 337,479 No 4 S Direct
Common Stock Disposition 2015-08-11 8,435 $7.14 329,044 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
No 4 S Direct
No 4 S Direct
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock Warrant $25.91 2015-08-07 2020-08-07 476,133 0 Direct
Common Stock Warrant $28.73 2015-08-07 2020-08-07 493,402 0 Direct
Common Stock Warrant $34.19 2015-08-07 2020-08-07 741,958 0 Direct
Common Stock Warrant $20.99 2014-07-09 2021-07-09 26,533 0 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
2020-08-07 476,133 0 Direct
2020-08-07 493,402 0 Direct
2020-08-07 741,958 0 Direct
2021-07-09 26,533 0 Direct
Footnotes
  1. 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 shares of common stock that vested on August 7, 2015.
  2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.11 to $7.27 (inclusive) on August 7, 2015, from $7.16 to $7.36 (inclusive) on August 10, 2015, and from $7.09 to $7.29 (inclusive) on August 11, 2015. 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.
  3. These warrants to purchase shares of common stock of the issuer were issued pursuant to the issuer's 2014 Management Incentive Plan. The warrants will become exercisable in equal installments on each of the first three anniversaries of August 7, 2014.