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GENCO SHIPPING & TRADING LTD — Director's Dealing 2021
Mar 3, 2021
32441_dirs_2021-03-02_caebbcc5-f04c-4f28-bb9b-48017afd9cdd.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: 2021-03-01
Reporting Person: Adamo Joseph (N/A)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-03-01 | Common Stock | M | 944 | — | Acquired | 2024 | Direct |
| 2021-03-02 | Common Stock | S | 350 | $10.7514 | Disposed | 1674 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-03-01 | Restricted Stock Units | $ | M | 944 | Disposed | Common Stock (944) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Restricted Stock Units | $ | Common Stock (2018) | 2018 | Direct | |
| Option | $9.91 | 2027-02-23 | Common Stock (2309) | 2309 | Direct |
| Option | $7.06 | 2026-02-25 | Common Stock (5618) | 5618 | Direct |
| Restricted Stock Units | $ | Common Stock (1788) | 1788 | Direct | |
| Option | $8.065 | 2025-03-04 | Common Stock (4054) | 4054 | Direct |
| Warrant | $195.1497 | 2021-07-09 | Common Stock (308) | 2857 | Direct |
Footnotes
F1: The Reporting Person became entitled to receive shares of common stock in settlement of restricted stock units upon their vesting.
F2: These shares were in order to satisfy the reporting person's tax obligations for restricted stock units that settled on March 1, 2021.
F3: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.7550 to $10.7300 (inclusive) on February 25, 2021. The reporting person undertakes to provide to Genco Shipping & Trading Limited, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
F4: 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.
F5: These restricted stock units generally vest in equal installments on each of the first three anniversaries of February 23, 2021, 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 February 23, 2021.
F7: 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.
F8: These options generally become exercisable in equal installments on each of the first three anniversaries of February 25, 2020.
F9: 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.
F10: These options generally become exercisable in equal installments on each of the first three anniversaries of March 4, 2019.