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Filing Details

Accession Number:
0001140361-19-004501
Form Type:
4
Zero Holdings:
No
Publication Time:
2019-03-06 17:20:26
Reporting Period:
2019-03-04
Accepted Time:
2019-03-06 17:20:26
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
1626935 Apostolos Zafolias C/o Genco Shipping & Trading Limited
299 Park Avenue, 12Th Floor
New York NY 10171
Chief Financial Officer 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 2019-03-06 1,217 $0.00 2,812 No 4 M Direct
Common Stock Disposition 2019-03-06 608 $8.65 2,204 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M 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 Acquisiton 2019-03-04 8,939 $0.00 8,939 $0.00
Common Stock Option Acquisiton 2019-03-04 20,270 $0.00 20,270 $8.39
Common Stock Restricted Stock Units Disposition 2019-03-06 1,217 $0.00 1,217 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
8,939 No 4 A Direct
20,270 2020-03-04 2025-03-04 No 4 A Direct
2,435 No 4 M Direct
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock Option $13.69 2019-02-27 2024-02-27 11,962 11,962 Direct
Common Stock Warrant $259.10 2015-08-07 2020-08-07 4,070 40,709 Direct
Common Stock Warrant $287.30 2015-08-07 2020-08-07 4,218 42,186 Direct
Common Stock Warrant $341.90 2015-08-07 2020-08-07 6,343 63,437 Direct
Common Stock Warrant $209.90 2014-07-09 2021-07-09 190 1,902 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
2024-02-27 11,962 11,962 Direct
2020-08-07 4,070 40,709 Direct
2020-08-07 4,218 42,186 Direct
2020-08-07 6,343 63,437 Direct
2021-07-09 190 1,902 Direct
Footnotes
  1. Includes 1,595 shares of the issuer's common stock which have been adjusted for the issuer's 1-for-10 reverse stock split that occurred on July 7, 2016.
  2. These shares were sold in order to satisfy the reporting person's tax obligations for restricted stock units that settled in shares of the issuer's common stock on March 6, 2019.
  3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $8.64 to $8.66 (inclusive) on March 6, 2019. 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.
  4. 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.
  5. These restricted stock units generally vest in equal installments on each of the first three anniversaries of March 4, 2019, subject to postponement of settlement if the vesting occurs during a blackout period or other trading restriction.
  6. These options generally become exercisable in equal installments on each of the first three anniversaries of March 4, 2019.
  7. These restricted stock units generally vest in equal installments on each of the first three anniversaries of February 27, 2018, subject to postponement of settlement if the vesting occurs during a blackout period or other trading restriction.
  8. These options generally become exercisable in equal installments on each of the first three anniversaries of February 27, 2018.
  9. These warrants became exercisable in equal installments on each of the first three anniversaries of August 7, 2014.