0001140361-21-009376.txt : 20210319 0001140361-21-009376.hdr.sgml : 20210319 20210319173129 ACCESSION NUMBER: 0001140361-21-009376 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20210317 FILED AS OF DATE: 20210319 DATE AS OF CHANGE: 20210319 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: MAVROLEON BASIL G CENTRAL INDEX KEY: 0001333551 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-33393 FILM NUMBER: 21759240 MAIL ADDRESS: STREET 1: 1 GREENWICH OFFICE PARK CITY: GREENWICH STATE: CT ZIP: 06831 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 2021-03-17 0001326200 GENCO SHIPPING & TRADING LTD GNK 0001333551 MAVROLEON BASIL G C/O GENCO SHIPPING & TRADING LIMITED 299 PARK AVENUE, 12TH FLOOR NEW YORK NY 10171 true Common Stock 739 D Restricted Stock Units 2021-03-17 4 A 0 2.19 0 A Common Stock 2.19 1282.8 D Restricted Stock Units 2021-03-17 4 A 0 31.34 0 A Common Stock 31.34 18367.05 D Restricted Stock Units 2021-03-17 4 A 0 15.8 0 A Common Stock 15.8 9256.26 D Restricted Stock Units 2021-03-17 4 A 0 8.94 0 A Common Stock 8.94 5241.42 D Restricted Stock Units 2021-03-17 4 A 0 18.54 0 A Common Stock 18.54 10866.38 D Restricted Stock Units 2021-03-17 4 A 0 24.43 0 A Common Stock 24.43 14317.45 D Warrant 192.9003 2014-07-09 2021-07-09 Common Stock 510 4746 D These restricted stock units ("RSUs") vested on May 18, 2016. Each RSU 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 RSU vests. These RSUs vested on May 17, 2017. These RSUs vested on May 15, 2018. These RSUs vested on May 15, 2019. These RSUs vested on July 15, 2020. These RSUs generally vest on the earlier of (i) the date of the annual shareholders meeting of the issuer next following the date of the grant and (ii) the date that is fourteen months after the date of the grant. Represents additional RSUs granted in lieu of the right to receive the amount of cash dividends paid on the common stock underlying the previously outstanding RSUs pursuant to an amendment to the governing RSU agreements dated December 4, 2019. The number of additional RSUs is calculated by dividing the amount of the dividend by the closing price per share of the issuer's common stock on the dividend payment date. Per the terms of these warrants, the exercise price was adjusted from $195.15966 to $192.90027 per the terms of the warrant as a result of dividends of $0.02 per share paid on each of May 28, 2020, August 25, 2020, November 25, 2020, and March 17, 2021. /s/ Basil G. Mavroleon 2021-03-19