Filing Details
- Accession Number:
- 0001140361-23-023753
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2023-05-09 21:00:24
- Reporting Period:
- 2023-05-08
- Accepted Time:
- 2023-05-09 21:00:24
- 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 |
|---|---|---|---|---|---|---|---|
| 1332732 | L Arthur Regan | C/O Genco Shipping &Amp; Trading Limited 299 Park Avenue, 12Th Floor New York NY 10171 | 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 | 2023-05-08 | 18,727 | $7.06 | 109,094 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2023-05-08 | 9,423 | $14.03 | 99,671 | 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 | Option | Disposition | 2023-05-08 | 18,727 | $0.00 | 18,727 | $7.06 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 0 | 2021-02-25 | 2026-02-25 | 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 | 6,143 | 6,143 | Direct | ||
| Common Stock | Restricted Stock Units | $0.00 | 16,666 | 16,666 | Direct | ||
| Common Stock | Restricted Stock Units | $0.00 | 6,732 | 6,732 | Direct | ||
| Common Stock | Restricted Stock Units | $0.00 | 5,264 | 5,264 | Direct |
| Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|
| 6,143 | 6,143 | Direct | |
| 16,666 | 16,666 | Direct | |
| 6,732 | 6,732 | Direct | |
| 5,264 | 5,264 | Direct |
Footnotes
- Represents shares withheld by the issuer for the cashless exercise of options having an exercise price of $7.06 per share for 18,727 shares of the issuer's common stock
- Each restricted stock unit ("RSU") 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 RSUs generally vest in equal installments on each of the first three anniversaries of May 4, 2021, subject to postponement of settlement if the vesting occurs during a blackout period or other trading restriction.
- These options generally became exercisable in equal installments on each of the first three anniversaries of February 25, 2020.
- These RSUs vested on May 17, 2017.
- These RSUs vested on May 16, 2022.
- These RSUs generally vest on the earlier of (i) the date of the annual shareholders meeting of the issuer next following the May 16, 2022 grant date and (ii) the date that is fourteen months after the grant date.
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