0001437749-16-036316.txt : 20160803 0001437749-16-036316.hdr.sgml : 20160803 20160803170518 ACCESSION NUMBER: 0001437749-16-036316 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20160802 FILED AS OF DATE: 20160803 DATE AS OF CHANGE: 20160803 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 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: Leand Paul M. Jr. CENTRAL INDEX KEY: 0001623344 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-33831 FILM NUMBER: 161804694 MAIL ADDRESS: STREET 1: 405 LEXINGTON AVENUE, 67TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10174 4 1 rdgdoc.xml FORM 4 X0306 4 2016-08-02 0001322439 Eagle Bulk Shipping Inc. EGLE 0001623344 Leand Paul M. Jr. C/O EAGLE BULK SHIPPING INC. 300 FIRST STAMFORD PLACE, 5TH FLOOR STAMFORD CT 06902 1 Common Stock 2016-08-02 4 A 0 984536 A 984536 D Common Stock 2016-08-02 4 A 0 666667 0.15 A 1651203 D At a Special Meeting of Shareholders (the "Shareholder Meeting") of Eagle Bulk Shipping Inc. (the "Issuer") on August 2, 2016, the shareholders of the Issuer approved the issuance of 984,536 shares of the Issuer's common stock to Paul M. Leand, Jr., the Chairman of the Issuer's Board of Directors (the "Board"), as partial consideration for Mr. Leand's participation as a lender in a loan to the Issuer pursuant to the Second Lien Loan Agreement (the "Second Lien Loan Agreement"), dated as of March 30, 2016, by and among Eagle Shipping LLC, a wholly-owned subsidiary of the Issuer, as borrower, certain of its subsidiaries, as guarantors, certain lenders thereunder (the "Second Lien Lenders") and Wilmington Savings Fund Society, FSB as agent for the Second Lien Lenders. The issuance of the shares of common stock to Mr. Leand pursuant to the Second Lien Loan Agreement was previously approved by the Issuer's Board and was conditioned upon the approval of the Issuer's shareholders at the Shar The amount of shares of common stock beneficially owned by Mr. Leand will be adjusted in proportion to the ratio to be implemented pursuant to the Issuer's reverse stock split that was approved by the Issuer's Board and the Issuer's shareholders at the Shareholder Meeting. At the Shareholder Meeting, the Issuer's shareholders also approved the issuance of an aggregate of 666,667 shares of common stock to Mr. Leand pursuant to the Common Stock Purchase Agreement (the "Common Stock Purchase Agreement"), dated as of July 1, 2016, by and among the Issuer and the purchasers party thereto. The issuance of the shares of common stock to Mr. Leand pursuant to the Common Stock Purchase Agreements was previously approved by the Issuer's Board and was conditioned upon, among other things, the approval of the Issuer's shareholders at the Shareholder Meeting. /s/ Paul M. Leand, Jr. 2016-08-03