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Filing Details

Accession Number:: 0001140361-21-006290
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2021-02-25 21:38:17
Reporting Period:: 2021-02-23

Accepted Time:: 2021-02-25 21:38:17
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

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2021-02-25	4,721	$0.00	9,107	No	4	M	Direct
Common Stock	Disposition	2021-02-25	2,266	$10.67	6,841	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

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Restricted Stock Units	Acquisiton	2021-02-23	10,091	$0.00	10,091	$0.00
Common Stock	Option	Acquisiton	2021-02-23	11,547	$0.00	11,547	$9.91
Common Stock	Restricted Stock Units	Disposition	2021-02-25	4,721	$0.00	4,721	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
10,091			No	4	A	Direct
11,547	2021-02-25	2026-02-25	No	4	A	Direct
9,443			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	Option	$7.06	2021-02-25	2026-02-25	28,090	28,090	Direct
Common Stock	Restricted Stock Units	$0.00			5,960	5,960	Direct
Common Stock	Option	$8.07	2020-03-04	2025-03-04	20,270	20,270	Direct
Common Stock	Restricted Stock Units	$0.00			1,218	1,218	Direct
Common Stock	Option	$13.37	2019-02-27	2024-02-27	11,962	11,962	Direct
Common Stock	Warrant	$195.15	2014-07-09	2021-07-09	205	1,902	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2026-02-25	28,090	28,090	Direct
	5,960	5,960	Direct
2025-03-04	20,270	20,270	Direct
	1,218	1,218	Direct
2024-02-27	11,962	11,962	Direct
2021-07-09	205	1,902	Direct

Footnotes

The Reporting Person became entitled to receive shares of common stock in settlement of restricted stock units upon their vesting.
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 settled in shares of the issuer's common stock on February 25, 2021.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.32 to $11.07 (inclusive) on February 25, 2021. 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 23, 2021, subject to postponement of settlement if the vesting occurs during a blackout period or other trading restriction.
These options generally become exercisable in equal installments on each of the first three anniversaries of February 23, 2021.
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.
These options generally become exercisable in equal installments on each of the first three anniversaries of February 25, 2020.
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.
These options generally become exercisable in equal installments on each of the first three anniversaries of March 4, 2019.
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.
These options generally become exercisable in equal installments on each of the first three anniversaries of February 27, 2018.
Per the terms of these warrants, the exercise price was adjusted from $200.10989 to $195.14966 and the number of shares for which each warrant is exercisable was adjusted from 0.105 shares to 0.108 shares per the terms of the warrant as a result of dividends of $0.175 per share paid on March 16, 2020.