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GENCO SHIPPING & TRADING LTD Director's Dealing 2021

May 5, 2021

32441_dirs_2021-05-05_39cdfc5b-b9e9-45ed-8ab2-67b31979e036.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: 2021-05-04

Reporting Person: REGAN ARTHUR L (N/A)

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2021-05-04 Restricted Stock Units $ A 18428 Acquired Common Stock (18428) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 29853 Direct

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Restricted Stock Units $ Common Stock (18886) 18886 Direct
Option $7.06 2026-02-25 Common Stock (58180) 58180 Direct
Restricted Stock Units $ Common Stock (6456) 6456 Direct
Option $8.065 2025-03-04 Common Stock (43919) 43919 Direct
Option $13.365 2024-02-27 Common Stock (26914) 26914 Direct
Restricted Stock Units $ Common Stock (16666) 16666 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.

F2: These restricted stock units 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.

F3: These restricted stock units generally vest in equal installments on each of the first three anniversaries of February 25, 2020, subject to postponement of settlement if the vesting occurs during a blackout period or other trading restriction.

F4: These options generally become exercisable in equal installments on each of the first three anniversaries of February 25, 2020.

F5: These restricted stock units generally vest in equal installments on each of the first three anniversaries of March 4, 2019, subject to postponement of settlement if the vesting occurs during a blackout period or other trading restriction.

F6: These options generally become exercisable in equal installments on each of the first three anniversaries of March 4, 2019.

F7: These options generally became exercisable in equal installments on each of the first three anniversaries of February 27, 2018.

F8: These restricted stock units vested on May 17, 2017.