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GENCO SHIPPING & TRADING LTD — Director's Dealing 2021
Feb 26, 2021
32441_dirs_2021-02-25_b7286d6e-4332-4ceb-8020-e4e58215d008.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: 2021-02-23
Reporting Person: Adamo Joseph (N/A)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-02-23 | Restricted Stock Units | $ | A | 2018 | Acquired | Common Stock (2018) | Direct | |
| 2021-02-23 | Option | $9.91 | A | 2309 | Acquired | 2027-02-23 | Common Stock (2309) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 1080 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Restricted Stock Units | $ | Common Stock (2833) | 2833 | 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: 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 February 23, 2021, subject to postponement of settlement if the vesting occurs during a blackout period or other trading restriction.
F3: These options generally become exercisable in equal installments on each of the first three anniversaries of February 23, 2021.
F4: 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.
F5: These options generally become exercisable in equal installments on each of the first three anniversaries of February 25, 2020.
F6: 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.
F7: These options generally become exercisable in equal installments on each of the first three anniversaries of March 4, 2019.
F8: Per the terms of these warrants, the exercise price was adjusted from $200.10989 to $195.14966 and the number of shares for which each warrant is exercisable was adjusted from 0.105 shares to 0.108 shares per the terms of the warrant as a result of dividends of $0.175 per share paid on March 16, 2020.