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