Filing Details
- Accession Number:
- 0001628280-19-000126
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2019-01-04 17:06:54
- Reporting Period:
- 2019-01-02
- Accepted Time:
- 2019-01-04 17:06:54
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1322439 | Eagle Bulk Shipping Inc. | EGLE | Deep Sea Foreign Transportation Of Freight (4412) | 980450435 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1652305 | Gary Vogel | C/O Eagle Bulk Shipping Inc. 300 First Stamford Place, 5Th Floor Stamford CT 06902 | Chief Executive Officer | Yes | 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 | Acquisiton | 2019-01-02 | 226,247 | $0.00 | 1,346,776 | No | 4 | A | Direct | |
| Common Stock | Disposition | 2019-01-02 | 14,273 | $4.73 | 1,332,503 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2019-01-03 | 9,273 | $4.72 | 1,323,230 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2019-01-04 | 63,730 | $4.92 | 1,259,500 | No | 4 | F | Direct | |
| Common Stock | Disposition | 2019-01-04 | 30,878 | $4.84 | 1,228,622 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | A | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct | |
| No | 4 | F | Direct | |
| No | 4 | S | Direct |
Footnotes
- On January 2, 2019, Eagle Bulk Shipping Inc. (the "Issuer") granted to Mr. Gary Vogel, the Issuer's Chief Executive Officer, 226,247 shares of restricted common stock under the 2016 equity compensation plan. The shares of restricted common stock vest in three substantially equal installments on each of the first three anniversaries of the date of the grant.
- The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan previously adopted by the reporting person on November 13, 2018.
- Represents a weighted average sales price per share. These shares were sold in multiple tranches at prices ranging from $4.70 to $4.77. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer 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 footnotes 3, 4 & 6.
- Represents a weighted average sales price per share. These shares were sold in multiple tranches at prices ranging from $4.70 to $4.74.
- The disposition of shares represents the withholding of shares to satisfy the reporting person's tax withholding upon the vesting of the first tranche of stock grants awarded on January 4, 2018 as was approved by the Compensation Committee of the Issuer's Board of Directors. The total amount of taxes withheld was $313,552 based on $4.92 per share, the closing price of the common stock on January 4, 2019.
- Represents a weighted average sales price per share. These shares were sold in multiple tranches at prices ranging from $4.71 to $4.92.
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