0001140361-17-002700.txt : 20170124 0001140361-17-002700.hdr.sgml : 20170124 20170124162400 ACCESSION NUMBER: 0001140361-17-002700 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20170120 FILED AS OF DATE: 20170124 DATE AS OF CHANGE: 20170124 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Eagle Bulk Shipping Inc. CENTRAL INDEX KEY: 0001322439 STANDARD INDUSTRIAL CLASSIFICATION: DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT [4412] IRS NUMBER: 980450435 STATE OF INCORPORATION: 1T FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 300 FIRST STAMFORD PLACE STREET 2: 5TH FLOOR CITY: STAMFORD STATE: CT ZIP: 06902 BUSINESS PHONE: 203-276-8100 MAIL ADDRESS: STREET 1: 300 FIRST STAMFORD PLACE STREET 2: 5TH FLOOR CITY: STAMFORD STATE: CT ZIP: 06902 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: GoldenTree Asset Management LLC CENTRAL INDEX KEY: 0001435627 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-33831 FILM NUMBER: 17544002 BUSINESS ADDRESS: STREET 1: 300 PARK AVENUE STREET 2: 21ST FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 212-847-3500 MAIL ADDRESS: STREET 1: 300 PARK AVENUE STREET 2: 21ST FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Tananbaum Steven A. CENTRAL INDEX KEY: 0001435626 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-33831 FILM NUMBER: 17544003 MAIL ADDRESS: STREET 1: 300 PARK AVENUE STREET 2: 21ST FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: GOLDENTREE ASSET MANAGEMENT LP CENTRAL INDEX KEY: 0001278951 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-33831 FILM NUMBER: 17544004 BUSINESS ADDRESS: STREET 1: 300 PARK AVENUE STREET 2: 21ST FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 2128473500 MAIL ADDRESS: STREET 1: 300 PARK AVENUE STREET 2: 21ST FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 4 1 doc1.xml FORM 4 X0306 4 2017-01-20 0 0001322439 Eagle Bulk Shipping Inc. EGLE 0001278951 GOLDENTREE ASSET MANAGEMENT LP 300 PARK AVENUE 21ST FLOOR NEW YORK NY 10022 0 0 1 1 See Remarks 0001435627 GoldenTree Asset Management LLC 300 PARK AVENUE 21ST FLOOR NEW YORK NY 10022 0 0 1 1 See Remarks 0001435626 Tananbaum Steven A. 300 PARK AVENUE 21ST FLOOR NEW YORK NY 10022 0 0 1 1 See Remarks Common Stock, par value $0.01 per share ("Common Stock") 2017-01-20 4 A 0 7174 4.5 A 21890 I See footnotes Common Stock 2017-01-20 4 A 0 95326 4.5 A 290846 I See footnotes Common Stock 2017-01-20 4 A 0 281950 4.5 A 856270 I See footnotes Common Stock 2017-01-20 4 A 0 1755418 4.5 A 5331125 I See footnotes Common Stock 2017-01-20 4 A 0 360132 4.5 A 1074651 I See footnotes Common Stock 2748 D Common Stock 8484 I See footnotes Common Stock 17505 I See footnotes Common Stock 117791 I See footnotes Common Stock 19268 I See footnotes Common Stock 3215 I See footnotes Common Stock 34002 I See footnotes Common Stock 3 I See footnotes Common Stock 3073904 I See footnotes Common Stock 451 I See footnotes Common Stock 245096 I See footnotes See Exhibit 99.1; footnote (1). See Exhibit 99.1; footnote (2). See Exhibit 99.1; footnote (3). See Exhibit 99.1; footnote (4). See Exhibit 99.1; footnote (5). See Exhibit 99.1; footnote (6). See Exhibit 99.1; footnote (7). See Exhibit 99.1; footnote (8). See Exhibit 99.1; footnote (9). See Exhibit 99.1; footnote (10). See Exhibit 99.1; footnote (11). See Exhibit 99.1; footnote (12). See Exhibit 99.1; footnote (13). See Exhibit 99.1; footnote (14). See Exhibit 99.1; footnote (15). See Exhibit 99.1; footnote (16). See Exhibit 99.1; footnote (17). List of Exhibits: Exhibit 99.1: Explanation of Responses Solely for purposes of Section 16 of the Exchange Act, each of the Advisor and, by virtue of their control of the Advisor, the General Partner and Steven A. Tananbaum may be deemed to be directors-by-deputization by virtue of the contractual right of the Advisor to designate a member of the Board of Directors (the "Board") of Eagle Bulk Shipping Inc. (the "Issuer"). Casey Shanley has been designated by the Advisor to serve as a member of the Board. The Board approved the acquisitions of common stock pursuant to a Stock Purchase Agreement (the "Agreement"), dated December 13, 2016, by and among the Issuer and the investors listed on Schedule 1 thereto in advance of the Issuer entering into the Agreement. GoldenTree Asset Management LP, By: GoldenTree Asset Management LLC, its General Partner, By: /s/ Steven A. Tananbaum, its Managing Member 2017-01-24 GoldenTree Asset Management LLC, By: /s/ Steven A. Tananbaum, its Managing Member 2017-01-24 /s/ Steven A. Tananbaum 2017-01-24 EX-99.1 2 g19582256.htm EXPLANATION OF RESPONSES
Explanation of Responses:
(1) This Form 4 is filed on behalf of GoldenTree Asset Management LP (the “Advisor”), GoldenTree Asset Management LLC (the “General Partner”) and Steven A. Tananbaum (collectively, the “Reporting Persons”).  The Advisor is the investment manager or advisor to GoldenTree Distressed Fund 2014 LP (“GDF”), GoldenTree E Distressed Debt Fund II LP (“GEDD”), GT NM, L.P. (“GTNM”), GoldenTree Distressed Master Fund 2014 Ltd. (“GDMF”), GoldenTree E Distressed Debt Master Fund II LP (“GDDF”), GoldenTree Entrust Master Fund SPC on behalf of and for the account of Segregated Portfolio I (“GSPC”), GoldenTree Master Fund II, LTD (“GFII”), GoldenTree 2004 Trust (“GT”), Gold Coast Capital Subsidiary X Limited (“GC”), GoldenTree NJ Distressed Fund 2015 LP (“GNJ”), GoldenTree Master Fund, LTD (“GMF” and together with GDF, GEDD, GTNM, GDMF, GDDF, GSPC, GFII, GT, GC and GNJ the “Funds”) and certain separate accounts managed by the Advisor (the “Managed Accounts”) and may be deemed to have a pecuniary interest in the Common Stock directly held by the Funds and held in the Managed Accounts.  The General Partner is the general partner of the Advisor and may be deemed to have a pecuniary interest in the Common Stock reported herein in which the Advisor has a pecuniary interest.  Steven A. Tananbaum is the managing member of the General Partner and may be deemed to have a pecuniary interest in the Common Stock reported herein in which the Advisor and the General Partner have a pecuniary interest, and also directly holds shares of Common Stock.  The Advisor, the General Partner and the Funds disclaim beneficial ownership of the shares held directly by Steven A. Tananbaum.  Each Fund disclaims beneficial ownership of the shares held directly by each other Fund, the Managed Accounts and Steven A. Tananbaum. All Common Stock share numbers reported in this filing reflect the 1-for-20 reverse stock split of the Common Stock that was effective as of 5:00 p.m., Eastern Time, on August 4, 2016.
(2) Common Stock held directly by Goldentree E Distressed Debt Fund II LP.
(3) Common Stock held directly by Goldentree E Distressed Debt Master Fund II LP.
(4) Common Stock held directly by Goldentree Distressed Fund 2014 LP.
(5) Common Stock held directly by Goldentree Distressed Master Fund 2014 Ltd.
(6) Common Stock held directly by Goldentree NJ Distressed Fund 2015 LP.
(7) Common Stock held directly by Steven A. Tananbaum.
(8) Common Stock held directly by GoldenTree Entrust Master Fund SPC on behalf of and for the account of Segregated Portfolio I.
(9) Common Stock held directly by GoldenTree Master Fund II, LTD.
(10) Common Stock held directly by GoldenTree Master Fund, LTD.
(11) Common Stock held directly by a separate account managed by GoldenTree Asset Management LP.
(12) Common Stock held directly by a separate account managed by GoldenTree Asset Management LP.
(13) Common Stock held directly by GT NM, L.P.
(14) Common Stock held directly by Gold Coast Capital Subsidiary X Limited.
(15) Common Stock held directly by GoldenTree 2004 Trust.
(16) Common Stock held directly by a separate account managed by GoldenTree Asset Management LP.
(17) Common Stock held directly by a separate account managed by GoldenTree Asset Management LP.