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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 &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	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
No	4	M	Direct
No	4	S	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	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

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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			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

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.
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.
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 27, 2018.
These options generally become exercisable in equal installments on each of the first three anniversaries of February 27, 2018.
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.
These options generally become exercisable in equal installments on each of the first three anniversaries of October 15, 2016.
These warrants became exercisable in equal installments on each of the first three anniversaries of August 7, 2014.