Filing Details

Accession Number:
0001140361-20-005104
Form Type:
4
Zero Holdings:
No
Publication Time:
2020-03-06 17:20:56
Reporting Period:
2020-03-04
Accepted Time:
2020-03-06 17:20:56
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 &Amp; 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 2020-03-04 2,979 $0.00 6,400 No 4 M Direct
Common Stock Disposition 2020-03-04 1,430 $7.02 4,970 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 Disposition 2020-03-04 2,979 $0.00 2,979 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
5,960 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 14,164 14,164 Direct
Common Stock Option $7.06 2021-02-25 2026-02-25 28,090 28,090 Direct
Common Stock Option $8.07 2020-03-04 2025-03-04 20,270 20,270 Direct
Common Stock Restricted Stock Units $0.00 1,217 1,218 Direct
Common Stock Option $13.37 2019-02-27 2024-02-27 11,962 11,962 Direct
Common Stock Warrant $247.02 2015-08-07 2020-08-07 4,070 4,070 Direct
Common Stock Warrant $273.90 2015-08-07 2020-08-07 4,218 4,218 Direct
Common Stock Warrant $325.95 2015-08-07 2020-08-07 6,343 6,343 Direct
Common Stock Warrant $200.11 2014-07-09 2021-07-09 199 1,902 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
14,164 14,164 Direct
2026-02-25 28,090 28,090 Direct
2025-03-04 20,270 20,270 Direct
1,217 1,218 Direct
2024-02-27 11,962 11,962 Direct
2020-08-07 4,070 4,070 Direct
2020-08-07 4,218 4,218 Direct
2020-08-07 6,343 6,343 Direct
2021-07-09 199 1,902 Direct
Footnotes
  1. The Reporting Person became entitled to receive shares of common stock in settlement of restricted stock units upon their vesting.
  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 4, 2020.
  3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.99 to $7.07 (inclusive) on March 4, 2020. 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 February 25, 2020, 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 February 25, 2020.
  7. 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.
  8. These options generally become exercisable in equal installments on each of the first three anniversaries of March 4, 2019.
  9. 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.
  10. These options generally become exercisable in equal installments on each of the first three anniversaries of February 27, 2018.
  11. These warrants became exercisable in equal installments on each of the first three anniversaries of August 7, 2014.