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GENCO SHIPPING & TRADING LTD — Director's Dealing 2014
Aug 7, 2014
32441_dirs_2014-08-07_77eb47fe-b59d-47cd-8d9d-fc01f69c1ddc.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: GENCO SHIPPING & TRADING LTD (GSKNF)
CIK: 0001326200
Period of Report: 2014-08-07
Reporting Person: GEORGIOPOULOS PETER C (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2014-08-07 | Common Stock | A | 832950 | — | Disposed | 832950 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2014-08-04 | Warrant | $25.91 | A | 1785498 | Acquired | 2020-08-07 | Common Stock (1785498) | Direct |
| 2014-08-04 | Warrant | $28.73 | A | 1850257 | Acquired | 2020-08-07 | Common Stock (1850257) | Direct |
| 2014-08-04 | Warrant | $34.19 | A | 2782341 | Acquired | 2020-08-07 | Common Stock (2782341) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Warrant | $20.99 | 2021-07-09 | Common Stock (380127) | 380127 | Direct |
| Warrant | $20.99 | 2021-07-09 | Common Stock (39304) | 39304 | Indirect |
Footnotes
F1: The shares of common stock of the issuer received in the transaction reported on this form are a grant of restricted stock issued pursuant to the issuer's 2014 Management Incentive Plan and will generally vest, if at all, in equal installments on each of the first three anniversaries of August 7, 2014.
F2: The warrants to purchase shares of common stock of the issuer received in the transaction reported on this form are issued pursuant to the issuer's 2014 Management Incentive Plan. The warrants will become exercisable in equal installments on each of the first three anniversaries of August 7, 2014.