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