GENCO SHIPPING & TRADING LTD — Director's Dealing 2017

Mar 25, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GENCO SHIPPING & TRADING LTD (GNK)
CIK: 0001326200
Period of Report: 2017-03-23

Reporting Person: WOBENSMITH JOHN C (N/A)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-03-23	Restricted Stock Units	$	A	292398	Acquired		Common Stock (292398)	Direct
2017-03-23	Option	$11.13	A	133000	Acquired	2023-03-23	Common Stock (133000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	72210	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Warrant	$259.1	2020-08-07	Common Stock (47613)	476133	Direct
Warrant	$287.3	2020-08-07	Common Stock (49340)	493402	Direct
Warrant	$341.9	2020-08-07	Common Stock (74195)	741958	Direct
Warrant	$209.9	2021-07-09	Common Stock (2653)	26533	Direct

Footnotes

F1: 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. The restricted stock units will settle only in cash unless the Issuer's 2015 Equity Incentive Plan is amended and restated to increase the number of available shares under such plan by March 23, 2018.

F2: These restricted stock units generally vest in equal installments on each of the first three anniversaries of October 15, 2016.

F3: The options become exercisable in equal installments on each of the first three anniversaries of October 15, 2016.

F4: The warrants become exercisable in equal installments on each of the first three anniversaries of August 7, 2014.