0001140361-20-005104.txt : 20200306
0001140361-20-005104.hdr.sgml : 20200306
20200306172056
ACCESSION NUMBER: 0001140361-20-005104
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20200304
FILED AS OF DATE: 20200306
DATE AS OF CHANGE: 20200306
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Zafolias Apostolos
CENTRAL INDEX KEY: 0001626935
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-33393
FILM NUMBER: 20695847
MAIL ADDRESS:
STREET 1: GENCO SHIPPING & TRADING
STREET 2: 299 PARK AVENUE, 12TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10171
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
4
1
form4.xml
FORM 4
X0306
4
2020-03-04
0001326200
GENCO SHIPPING & TRADING LTD
GNK
0001626935
Zafolias Apostolos
C/O GENCO SHIPPING & TRADING LIMITED
299 PARK AVENUE, 12TH FLOOR
NEW YORK
NY
10171
true
Chief Financial Officer
Common Stock
2020-03-04
4
M
0
2979
A
6400
D
Common Stock
2020-03-04
4
S
0
1430
7.0244
D
4970
D
Restricted Stock Units
Common Stock
14164
14164
D
Option
7.06
2021-02-25
2026-02-25
Common Stock
28090
28090
D
Restricted Stock Units
2020-03-04
4
M
0
2979
0
D
Common Stock
2979
5960
D
Option
8.065
2020-03-04
2025-03-04
Common Stock
20270
20270
D
Restricted Stock Units
Common Stock
1217
1218
D
Option
13.365
2019-02-27
2024-02-27
Common Stock
11962
11962
D
Warrant
247.0151
2015-08-07
2020-08-07
Common Stock
4070
4070
D
Warrant
273.8998
2015-08-07
2020-08-07
Common Stock
4218
4218
D
Warrant
325.9532
2015-08-07
2020-08-07
Common Stock
6343
6343
D
Warrant
200.1099
2014-07-09
2021-07-09
Common Stock
199
1902
D
The Reporting Person became entitled to receive shares of common stock in settlement of restricted stock units upon their vesting.
These shares were sold in order to satisfy the reporting person's tax obligations for restricted stock units that settled in shares of the issuer's common stock on March 4, 2020.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.99 to $7.07 (inclusive) on March 4, 2020. The reporting person undertakes to provide to Genco Shipping & Trading Limited, 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.
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.
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.
These options generally become exercisable in equal installments on each of the first three anniversaries of February 25, 2020.
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.
These options generally become exercisable in equal installments on each of the first three anniversaries of March 4, 2019.
These restricted stock units generally vest in equal installments on each of the first three anniversaries of February 27, 2018, subject to postponement of settlement if the vesting occurs during a blackout period or other trading restriction.
These options generally become exercisable in equal installments on each of the first three anniversaries of February 27, 2018.
These warrants became exercisable in equal installments on each of the first three anniversaries of August 7, 2014.
/s/ Apostolos Zafolias
2020-03-06