SEC Form 4 · accession 0000950142-18-002426

Eagle Bulk Shipping Inc. · EGLE

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Table I — non-derivative securities

Table II — derivative securities

Explanation of responses

• F1The price in column 4 is a weighted average price On November 26, 2018, 75,000 shares were purchased in multiple transactions, at prices ranging from $4.56 to $4.42, inclusive. On November 27, 2018, 115,000 shares were purchased in multiple transactions, at prices ranging from $4.75 to $4.50, inclusive. On December 6, 2018, 50,000 shares were purchased in multiple transactions, at prices ranging from $4.75 to $4.68, inclusive. On December 7, 2018, 100,000 shares were purchased in multiple transactions, at prices ranging from $4.82 to $4.75, inclusive. On December 10, 2018, 18,400 shares were purchased in multiple transactions, at prices ranging from $4.70 to $4.60, inclusive. On December 13, 2018, 163,210 shares were purchased in multiple transactions, at prices ranging from $4.60 to $4.51, inclusive. (Cont'd in FN 2)
• F2(Cont'd from FN 1) On December 14, 2018, 150,000 shares were purchased in multiple transactions, at prices ranging from $4.73 to $4.63, inclusive. On December 17, 2018, 150,000 shares were purchased in multiple transactions, at prices ranging from $4.68 to $4.28, inclusive. On December 18, 2018, 100,000 shares were purchased in multiple transactions, at prices ranging from $4.40 to $4.18, inclusive. On December 19, 2018, 100,000 shares were purchased in multiple transactions, at prices ranging from $4.55 to $4.35, inclusive. The reporting person will provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares purchased at each price within the range.
• F3This Form 4 is being filed by OCM Opps EB Holdings, Ltd ("EB Holdings") with respect to (i) the 25,259,538 shares of the Issuer's common stock, par value $0.01 per share ("Common Stock"), that may be deemed to be beneficially owned by the Reporting Persons (as defined below) and (ii) the 364 warrants exercisable for shares of Common Stock (the "Warrants"), all of which are directly owned by EB Holdings. This Form 4 is also being filed by each of (i) Oaktree Capital Management, L.P. ("Management") as the sole director of EB Holdings; (ii) Oaktree Holdings, Inc. ("Holdings, Inc.") as the general partner of Management; (iii) Oaktree Capital Group, LLC ("OCG") as the sole shareholder of Holdings, Inc.; and (iv) Oaktree Capital Group Holdings GP, LLC ("OCGH GP", and, together with EB Holdings, Management, Holdings, Inc. and OCG, the "Reporting Persons" and each a "Reporting Person") as the duly elected manager of OCG.
• F4Each Reporting Person disclaims beneficial ownership of the Common Stock reported herein except to the extent of their respective pecuniary interest therein and the filing of this Form 4 shall not be construed as an admission that any such Reporting Person is the beneficial owner of any Common Stock covered by this Form 4.
• F5The members of OCGH GP are Howard S. Marks, Bruce A. Karsh, Jay S. Wintrob, John B. Frank and Sheldon M. Stone, who, by virtue of their membership interests in OCGH GP, may be deemed to share voting and dispositive power with respect to the shares of Common Stock held by EB Holdings. Each of the general partners, managing members, directors and managers described above disclaims beneficial ownership of any shares of common stock beneficially or of record owned by the Reporting Persons, except to the extent of any pecuniary interest therein.
• F6Common Stock held directly by EB Holdings.