Filing Details

Accession Number:
0001140361-22-006896
Form Type:
4
Zero Holdings:
No
Publication Time:
2022-02-25 21:31:31
Reporting Period:
2022-02-23
Accepted Time:
2022-02-25 21:31:31
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 2022-02-23 3,363 $0.00 12,388 No 4 M Direct
Common Stock Disposition 2022-02-23 1,614 $19.71 10,774 No 4 S Direct
Common Stock Acquisiton 2022-02-25 4,721 $0.00 15,495 No 4 M Direct
Common Stock Disposition 2022-02-25 2,266 $19.70 13,229 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 S Direct
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 2022-02-23 17,893 $0.00 17,893 $0.00
Common Stock Restricted Stock Units Disposition 2022-02-23 3,363 $0.00 3,363 $0.00
Common Stock Restricted Stock Units Disposition 2022-02-25 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
17,893 No 4 A Direct
6,278 No 4 M Direct
4,722 No 4 M Direct
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock Option $9.91 2021-02-25 2026-02-25 11,547 11,547 Direct
Common Stock Option $7.06 2021-02-25 2026-02-25 28,090 28,090 Direct
Common Stock Restricted Stock Units $0.00 2,980 2,980 Direct
Common Stock Option $8.07 2020-03-04 2025-03-04 20,270 20,270 Direct
Common Stock Option $13.37 2019-02-27 2024-02-27 11,962 11,962 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
2026-02-25 11,547 11,547 Direct
2026-02-25 28,090 28,090 Direct
2,980 2,980 Direct
2025-03-04 20,270 20,270 Direct
2024-02-27 11,962 11,962 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 under instructions given in a previously existing plan established 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 vested on February 23, 2022.
  3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $19.525 to $20.3584 (inclusive) on February 23, 2022. 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. These shares were sold under instructions given in a previously existing plan established 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 vested on February 25, 2022.
  5. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $19.04 to $19.945 (inclusive) on February 25, 2022. 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.
  6. 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.
  7. These restricted stock units generally vest in equal installments on each of the first five anniversaries of February 23, 2022, subject to postponement of settlement if the vesting occurs during a blackout period or other trading restriction.
  8. 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.
  9. These options generally become exercisable in equal installments on each of the first three anniversaries of February 23, 2021.
  10. 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.
  11. These options generally become exercisable in equal installments on each of the first three anniversaries of February 25, 2020.
  12. 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.
  13. These options generally become exercisable in equal installments on each of the first three anniversaries of March 4, 2019.
  14. These options generally became exercisable in equal installments on each of the first three anniversaries of February 27, 2018.