0001140361-22-008978.txt : 20220310 0001140361-22-008978.hdr.sgml : 20220310 20220310210029 ACCESSION NUMBER: 0001140361-22-008978 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20220308 FILED AS OF DATE: 20220310 DATE AS OF CHANGE: 20220310 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: 22730922 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 2022-03-08 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 2022-03-08 4 M 0 11962 13.365 A 26741 D Common Stock 2022-03-08 4 F 0 7477 21.38 D 19264 D Common Stock 2022-03-08 4 S 0 2178 21.4661 D 17086 D Restricted Stock Units Common Stock 17893 17893 D Restricted Stock Units Common Stock 6728 6728 D Option 9.91 2021-02-25 2026-02-25 Common Stock 11547 11547 D Restricted Stock Units Common Stock 4722 4722 D Option 7.06 2021-02-25 2026-02-25 Common Stock 28090 28090 D Option 8.065 2020-03-04 2025-03-04 Common Stock 20270 20270 D Option 13.365 2022-03-08 4 M 0 11962 0 D 2019-02-27 2024-02-27 Common Stock 11962 0 D Represents shares withheld by the issuer for the cashless exercise of options for 11,962 shares of the issuer's common stock. These shares were sold in order to satisfy the reporting person's tax obligations for shares of common stock of the issuer that the reporting person received from the exercise of stock options on March 8, 2022. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $21.46 to $21.525 (inclusive) on March 8, 2022. 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 five anniversaries of February 23, 2022, subject to postponement of settlement if the vesting occurs during a blackout period or other trading restriction. 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 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 2022-03-10