0001140361-21-007569.txt : 20210305
0001140361-21-007569.hdr.sgml : 20210305
20210305210053
ACCESSION NUMBER: 0001140361-21-007569
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20210304
FILED AS OF DATE: 20210305
DATE AS OF CHANGE: 20210305
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: 21720408
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
2021-03-04
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
2021-03-04
4
M
0
2980
A
10455
D
Common Stock
2021-03-04
4
S
0
1430
11.0188
D
9025
D
Restricted Stock Units
Common Stock
10091
10091
D
Option
9.91
2021-02-25
2026-02-25
Common Stock
11547
11547
D
Restricted Stock Units
Common Stock
9443
9443
D
Option
7.06
2021-02-25
2026-02-25
Common Stock
28090
28090
D
Restricted Stock Units
2021-03-04
4
M
0
2980
0
D
Common Stock
2980
2980
D
Option
8.065
2020-03-04
2025-03-04
Common Stock
20270
20270
D
Option
13.365
2019-02-27
2024-02-27
Common Stock
11962
11962
D
Warrant
195.1497
2014-07-09
2021-07-09
Common Stock
205
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 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 stock units that vested on March 4, 2021.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.82 to $11.59 (inclusive) on March 4, 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.
These options generally became exercisable in equal installments on each of the first three anniversaries of February 27, 2018.
/s/ Apostolos Zafolias
2021-03-05