Filing Details

Accession Number:
0001140361-22-021102
Form Type:
4
Zero Holdings:
No
Publication Time:
2022-05-27 21:30:16
Reporting Period:
2022-05-26
Accepted Time:
2022-05-27 21:30:16
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
1333673 C John Wobensmith C/O Genco Shipping &Amp; Trading Limited
299 Park Avenue, 12Th Floor
New York NY 10171
Ceo, President, And Secretary 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 2022-05-26 17,926 $8.07 417,025 No 4 M Direct
Common Stock Disposition 2022-05-26 5,732 $25.22 411,293 No 4 F Direct
Common Stock Disposition 2022-05-26 12,194 $25.30 399,099 No 4 S Direct
Common Stock Acquisiton 2022-05-27 66,205 $8.07 465,316 No 4 M Direct
Common Stock Disposition 2022-05-27 21,205 $25.18 444,099 No 4 F Direct
Common Stock Disposition 2022-05-27 45,000 $25.15 399,099 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 F Direct
No 4 S Direct
No 4 M Direct
No 4 F Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Option Disposition 2022-05-26 17,926 $0.00 17,926 $8.07
Common Stock Option Disposition 2022-05-27 66,205 $0.00 66,205 $8.07
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
82,896 2020-03-04 2025-03-04 No 4 M Direct
16,691 2020-03-04 2025-03-04 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 71,574 71,574 Direct
Common Stock Restricted Stock Units $0.00 40,364 40,364 Direct
Common Stock Option $9.91 2022-02-23 2027-02-23 69,284 69,284 Direct
Common Stock Restricted Stock Units $0.00 28,329 28,329 Direct
Common Stock Option $7.06 2021-02-25 2026-02-25 168,539 168,539 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
71,574 71,574 Direct
40,364 40,364 Direct
2027-02-23 69,284 69,284 Direct
28,329 28,329 Direct
2026-02-25 168,539 168,539 Direct
Footnotes
  1. Represents shares withheld by the issuer for the cashless exercise of options for 17,926 shares of the issuer's common stock.
  2. A portion of these shares were sold in order to satisfy the reporting person's tax obligations for shares of common stock of the issuer that the reporting person received from the exercise of stock options on May 26, 2022.
  3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $25.30 to $25.35 (inclusive) on May 26, 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. Represents shares withheld by the issuer for the cashless exercise of options for 66,205 shares of the issuer's common stock.
  5. A portion of these shares were sold in order to satisfy the reporting person's tax obligations for shares of common stock of the issuer that the reporting person received from the exercise of stock options on May 27, 2022.
  6. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $25.10 to $25.2913 (inclusive) on May 27, 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.
  7. 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.
  8. These restricted stock units generally vest in installments of 21.43% per annum on each of the first three anniversaries of February 23, 2022, 17.86% on the fourth such anniversary, and 17.85% on the fifth such anniversary, subject to postponement of settlement if the vesting occurs during a blackout period or other trading restriction.
  9. 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.
  10. These options generally become exercisable in equal installments on each of the first three anniversaries of February 23, 2021.
  11. 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.
  12. These options generally become exercisable in equal installments on each of the first three anniversaries of February 25, 2020.
  13. These options generally become exercisable in equal installments on each of the first three anniversaries of March 4, 2019.