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Filing Details

Accession Number:: 0001140361-21-016693
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2021-05-10 13:00:00
Reporting Period:: 2021-05-07

Accepted Time:: 2021-05-10 20:33:48
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
1765719	E Robert Hughes	C/O Genco Shipping &Amp; Trading Limited 299 Park Avenue, 12Th Floor New York NY 10171	Chief Operations 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
Common Stock	Acquisiton	2021-05-07	7,802	$7.06	9,848	No	4	M	Direct
Common Stock	Disposition	2021-05-07	3,360	$16.39	6,488	No	4	F	Direct
Common Stock	Disposition	2021-05-10	2,200	$16.33	4,288	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	F	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	Option	Disposition	2021-05-07	7,802	$0.00	7,802	$7.06

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
15,606	2021-02-25	2026-02-25	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			8,409	8,409	Direct
Common Stock	Option	$9.91	2022-02-23	2027-02-23	9,623	9,623	Direct
Common Stock	Restricted Stock Units	$0.00			7,870	7,870	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
	8,409	8,409	Direct
2027-02-23	9,623	9,623	Direct
	7,870	7,870	Direct

Footnotes

Represents shares withheld by the issuer for the cashless exercise of options for 7,082 shares of the issuer's common stock.
These shares were sold in order to satisfy the reporting person's tax obligations in respect of shares of the issuer's common stock received upon the exercise of options as noted above.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.35 to $16.38 (inclusive) on May 10, 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.