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Filing Details

Accession Number:
0001140361-18-040811
Form Type:
4
Zero Holdings:
No
Publication Time:
2018-10-17 21:01:36
Reporting Period:
2018-10-15
Accepted Time:
2018-10-17 21:01:36
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 & Trading Limited
299 Park Avenue, 12Th Floor
New York NY 10171
Ceo, President And Secretary 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 2018-10-15 97,466 $0.00 267,142 No 4 M Direct
Common Stock Disposition 2018-10-15 12,210 $12.73 254,932 No 4 S Direct
Common Stock Disposition 2018-10-16 13,757 $12.73 241,175 No 4 S Direct
Common Stock Disposition 2018-10-17 20,817 $12.24 220,358 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 S Direct
No 4 S 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 Disposition 2018-10-15 97,466 $0.00 194,932 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
97,466 No 4 M Direct
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock Restricted Stock Units $0.00 20,088 20,088 Direct
Common Stock Option $13.69 2019-02-27 2024-02-27 65,789 65,789 Direct
Common Stock Option $11.13 2017-10-15 2023-03-23 133,000 133,000 Direct
Common Stock Warrant $259.10 2015-08-07 2020-08-07 47,613 476,133 Direct
Common Stock Warrant $287.30 2015-08-07 2020-08-07 49,340 493,402 Direct
Common Stock Warrant $341.90 2015-08-07 2020-08-07 74,195 741,958 Direct
Common Stock Warrant $209.90 2014-07-09 2021-07-09 2,653 26,533 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
20,088 20,088 Direct
2024-02-27 65,789 65,789 Direct
2023-03-23 133,000 133,000 Direct
2020-08-07 47,613 476,133 Direct
2020-08-07 49,340 493,402 Direct
2020-08-07 74,195 741,958 Direct
2021-07-09 2,653 26,533 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 stock units that vested and settled in shares of the issuer's common stock on October 15, 2018.
  2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.585 to $12.86 (inclusive) on October 15, 2018, from $12.60 to $12.89 (inclusive) on October 16, 2018, and from $12.055 to $12.65 (inclusive) on October 17, 2018. 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. 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.
  4. These restricted stock units generally vest in equal installments on each of the first three anniversaries of February 27, 2018.
  5. These options generally become exercisable in equal installments on each of the first three anniversaries of February 27, 2018.
  6. Of the original grant of 292,398 restricted stock units, 97,466 restricted stock units vested on each of October 15, 2017 and October 15, 2018. The remaining unvested RSUs will generally vest on October 15, 2019.
  7. These options generally become exercisable in equal installments on each of the first three anniversaries of October 15, 2016.
  8. These warrants became exercisable in equal installments on each of the first three anniversaries of August 7, 2014.