0001140361-16-087117.txt : 20161117 0001140361-16-087117.hdr.sgml : 20161117 20161117171417 ACCESSION NUMBER: 0001140361-16-087117 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20161115 FILED AS OF DATE: 20161117 DATE AS OF CHANGE: 20161117 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 STATE OF INCORPORATION: 1T 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: 162005718 MAIL ADDRESS: STREET 1: 35 WEST 56TH STREET CITY: NEW YORK STATE: NY ZIP: 10019 4 1 form4.xml FORM 4 X0306 4 2016-11-15 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 true President and Secretary Common Stock 51593 D Series A Convertible Preferred Stock, par val $.01 per share 4.85 2016-11-15 4 P 0 20617 4.85 A Common Stock 20617 20617 D Warrant 259.1 2015-08-07 2020-08-07 Common Stock 47613 476133 D Warrant 287.3 2015-08-07 2020-08-07 Common Stock 49340 493402 D Warrant 341.9 2015-08-07 2020-08-07 Common Stock 74195 741958 D Warrant 209.9 2014-07-09 2021-07-09 Common Stock 2653 26533 D The conversion price of the Series A Convertible Preferred Stock (the "Preferred Shares") is subject to adjustment upon the occurrence of certain events. On July 7, 2016, the issuer effected a 1-for-10 reverse stock split. The amount of securities beneficially owned and the exercise price of warrants have been adjusted to reflect the reverse stock split The Preferred Shares automatically, without any action by the holder of the Preferred Shares, convert into shares of the issuer's common stock as of the close of business on the date on which the issuer obtains the approval of its stockholders to issue shares of common stock upon conversion of the Preferred Shares. These warrants to purchase shares of common stock of the issuer were issued pursuant to the issuer's 2014 Management Incentive Plan. The warrants will become exercisable in equal installments on each of the first three anniversaries of August 7, 2014. /s/ John C. Wobensmith 2016-11-17