GENCO SHIPPING & TRADING LTD — Director's Dealing 2012

Dec 14, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GENCO SHIPPING & TRADING LTD (GNK)
CIK: 0001326200
Period of Report: 2012-12-13

Reporting Person: GEORGIOPOULOS PETER C (Director, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-12-13	Common Stock	A	100000	—	Acquired	4254210	Direct
2012-12-13	Common Stock	A	7500	—	Acquired	4261710	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	443606	Indirect

Footnotes

F1: The 100,000 shares of common stock of the issuer received in the transaction reported on this form are a grant of restricted stock. The shares will generally vest, if at all, in equal installments on each of the first four anniversaries of November 15, 2012.

F2: The 7,500 shares of common stock of the issuer received in the transaction reported on this form are a grant of restricted stock. The shares will generally vest in full on the earlier of (i) the date of the next annual shareholders meeting of the Company at which directors are elected or (ii) the occurrence of a Change in Control (as defined in the Company's 2005 Equity Incentive Plan).