0001140361-21-007063.txt : 20210302 0001140361-21-007063.hdr.sgml : 20210302 20210302210240 ACCESSION NUMBER: 0001140361-21-007063 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20210301 FILED AS OF DATE: 20210302 DATE AS OF CHANGE: 20210302 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Adamo Joseph CENTRAL INDEX KEY: 0001626933 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-33393 FILM NUMBER: 21706833 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 2021-03-01 0001326200 GENCO SHIPPING & TRADING LTD GNK 0001626933 Adamo Joseph C/O GENCO SHIPPING & TRADING LIMITED 299 PARK AVENUE, 12TH FLOOR NEW YORK NY 10171 true Chief Accounting Officer Common Stock 2021-03-01 4 M 0 944 A 2024 D Common Stock 2021-03-02 4 S 0 350 10.7514 D 1674 D Restricted Stock Units Common Stock 2018 2018 D Option 9.91 2022-02-23 2027-02-23 Common Stock 2309 2309 D Restricted Stock Units 2021-03-01 4 M 0 944 0 D Common Stock 944 1889 D Option 7.06 2021-02-25 2026-02-25 Common Stock 5618 5618 D Restricted Stock Units Common Stock 1788 1788 D Option 8.065 2020-03-04 2025-03-04 Common Stock 4054 4054 D Warrant 195.1497 2014-07-09 2021-07-09 Common Stock 308 2857 D The Reporting Person became entitled to receive shares of common stock in settlement of restricted stock units upon their vesting. These shares were in order to satisfy the reporting person's tax obligations for restricted stock units that settled on March 1, 2021. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.7550 to $10.7300 (inclusive) on February 25, 2021. 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 23, 2021, 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 23, 2021. 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. /s/ Joseph Adamo 2021-03-02