0001140361-15-028221.txt : 20150721
0001140361-15-028221.hdr.sgml : 20150721
20150721211646
ACCESSION NUMBER: 0001140361-15-028221
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20150717
FILED AS OF DATE: 20150721
DATE AS OF CHANGE: 20150721
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: GENCO SHIPPING & TRADING LTD
CENTRAL INDEX KEY: 0001326200
STANDARD INDUSTRIAL CLASSIFICATION: DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT [4412]
IRS NUMBER: 000000000
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 299 PARK AVENUE
STREET 2: 12TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10171
BUSINESS PHONE: (646) 443-8550
MAIL ADDRESS:
STREET 1: 299 PARK AVENUE
STREET 2: 12TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10171
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: WOBENSMITH JOHN C
CENTRAL INDEX KEY: 0001333673
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-33393
FILM NUMBER: 15998861
MAIL ADDRESS:
STREET 1: 35 WEST 56TH STREET
CITY: NEW YORK
STATE: NY
ZIP: 10019
4
1
doc1.xml
FORM 4
X0306
4
2015-07-17
0
0001326200
GENCO SHIPPING & TRADING LTD
GNK
0001333673
WOBENSMITH JOHN C
C/O GENCO SHIPPING & TRADING LIMITED
299 PARK AVENUE, 12TH FLOOR
NEW YORK
NY
10171
0
1
0
0
President and Secretary
Common Stock
2015-07-17
4
A
0
197633
A
419753
D
Common Stock
2015-07-17
4
S
0
1460
7.4564
D
418293
D
Common Stock
2015-07-20
4
S
0
18393
7.3478
D
399900
D
Common Stock
2015-07-21
4
S
0
23100
7.6599
D
376800
D
Warrant
25.91
2015-08-07
2020-08-07
Common Stock
476133
476133
D
Warrant
28.73
2015-08-07
2020-08-07
Common Stock
493402
493402
D
Warrant
34.19
2015-08-07
2020-08-07
Common Stock
741958
741958
D
Warrant
20.99
2014-07-09
2021-07-09
Common Stock
26533
26533
D
Represents shares acquired pursuant to that certain Agreement and Plan of Merger, dated as of April 7, 2015, as amended (the "Merger Agreement") by and among Genco Shipping & Trading Limited ("Genco"), Baltic Trading Limited, a Marshall Islands corporation ("Baltic Trading"), and Poseidon Merger Sub Limited, a Marshall Islands corporation and wholly owned subsidiary of Genco ("Merger Sub"), pursuant to which Merger Sub merged with and into Baltic Trading, with Baltic Trading surviving the Merger as a wholly owned subsidiary of Genco (the "Merger"). Pursuant to the Merger Agreement, at the effective time of the Merger, each of the reporting person's shares of Baltic Trading common stock was cancelled in exchange for the right to receive 0.216 shares of Genco common stock.
These shares were sold under instructions given in accordance with Rule 10b5-1 under the Securities Exchange Act of 1934, as amended, in order to satisfy the reporting person's tax obligations for restricted shares of common stock of Baltic Trading that vested on July 17, 2015 and were converted into shares of Genco in connection with the Merger.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.30 to $7.60 (inclusive) on 7/17/15, from $6.85 to $7.74 (inclusive) on 7/20/15, and from $7.455 to $7.77 (inclusive) on 7/21/15. The reporting person undertakes to provide to Genco, 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.
/s/ John C. Wobensmith
2015-07-21