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GENCO SHIPPING & TRADING LTD — Director's Dealing 2021
Nov 24, 2021
32441_dirs_2021-11-24_d656f3a6-f712-4643-886f-14db473ddada.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: GENCO SHIPPING & TRADING LTD (GNK)
CIK: 0001326200
Period of Report: 2021-11-22
Reporting Person: MAVROLEON BASIL G (N/A)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-11-22 | Restricted Stock Units | $ | A | 13.67 | Acquired | Common Stock (13.67) | Direct | |
| 2021-11-22 | Restricted Stock Units | $ | A | 195.79 | Acquired | Common Stock (195.79) | Direct | |
| 2021-11-22 | Restricted Stock Units | $ | A | 98.67 | Acquired | Common Stock (98.67) | Direct | |
| 2021-11-22 | Restricted Stock Units | $ | A | 55.87 | Acquired | Common Stock (55.87) | Direct | |
| 2021-11-22 | Restricted Stock Units | $ | A | 115.83 | Acquired | Common Stock (115.83) | Direct | |
| 2021-11-22 | Restricted Stock Units | $ | A | 152.62 | Acquired | Common Stock (152.62) | Direct | |
| 2021-11-22 | Restricted Stock Units | $ | A | 58.98 | Acquired | Common Stock (58.98) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 739 | Direct |
Footnotes
F1: These restricted stock units ("RSUs") vested on May 18, 2016.
F2: Each 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 RSU vests.
F3: These RSUs vested on May 17, 2017.
F4: These RSUs vested on May 15, 2018.
F5: These RSUs vested on May 15, 2019.
F6: These RSUs vested on July 15, 2020.
F7: These RSUs vested on May 13, 2021.
F8: These RSUs generally vest on the earlier of (i) the date of the annual shareholders meeting of the issuer next following the date of the grant and (ii) the date that is fourteen months after the date of the grant.
F9: Represents additional RSUs granted in lieu of the right to receive the amount of cash dividends paid on the common stock underlying the previously outstanding RSUs pursuant to the terms of the governing RSU agreements. The number of additional RSUs is calculated by dividing the amount of the dividend by the closing price per share of the issuer's common stock on the dividend payment date.