GENCO SHIPPING & TRADING LTD — Director's Dealing 2021

Mar 3, 2021

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: REGAN ARTHUR L (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-03-01	Common Stock	M	9443	—	Acquired	20657	Direct
2021-03-01	Common Stock	M	2740	—	Acquired	23697	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-03-01	Restricted Stock Units	$	M	9443	Disposed		Common Stock (9443)	Direct
2021-03-01	Restricted Stock Units	$	M	2740	Disposed		Common Stock (2740)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Option	$7.06	2026-02-25	Common Stock (58180)	58180	Direct
Restricted Stock Units	$		Common Stock (12912)	12912	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: The Reporting Person became entitled to receive shares of common stock in settlement of restricted stock units upon their vesting.

F2: 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.

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 restricted stock units generally vest in equal installments on each of the first three anniversaries of February 27, 2018, 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 27, 2018.

F9: These restricted stock units vested on May 17, 2017.