SEC Form 4 · accession 0001140361-17-002700

Eagle Bulk Shipping Inc. · EGLE

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

Reporting owners

GOLDENTREE ASSET MANAGEMENT LP

10% Owner · Other

Steven A. Tananbaum

10% Owner · Other

GoldenTree Asset Management LLC

10% Owner · Other

Period of report

Jan 20, 2017

Accepted (ET)

Jan 24, 2017 · 4:24 pm EST

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001322439

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock, par value $0.01 per share ("Common Stock")^F1,F2	Jan 20, 2017	A	7,174	$4.50	A	21,890	I	See footnotes
Common Stock^F1,F3	Jan 20, 2017	A	95,326	$4.50	A	290,846	I	See footnotes
Common Stock^F1,F4	Jan 20, 2017	A	281,950	$4.50	A	856,270	I	See footnotes
Common Stock^F1,F5	Jan 20, 2017	A	1,755,418	$4.50	A	5,331,125	I	See footnotes
Common Stock^F1,F6	Jan 20, 2017	A	360,132	$4.50	A	1,074,651	I	See footnotes
Common Stock^F1,F7	holding	—	—		—	2,748	D
Common Stock^F1,F8	holding	—	—		—	8,484	I	See footnotes
Common Stock^F1,F9	holding	—	—		—	17,505	I	See footnotes
Common Stock^F1,F10	holding	—	—		—	117,791	I	See footnotes
Common Stock^F1,F11	holding	—	—		—	19,268	I	See footnotes
Common Stock^F1,F12	holding	—	—		—	3,215	I	See footnotes
Common Stock^F1,F13	holding	—	—		—	34,002	I	See footnotes
Common Stock^F1,F14	holding	—	—		—	3	I	See footnotes
Common Stock^F1,F15	holding	—	—		—	3,073,904	I	See footnotes
Common Stock^F1,F16	holding	—	—		—	451	I	See footnotes
Common Stock^F1,F17	holding	—	—		—	245,096	I	See footnotes

Table II — derivative securities

No Table II lines on this filing.

Explanation of responses

F1See Exhibit 99.1; footnote (1).
F10See Exhibit 99.1; footnote (10).
F11See Exhibit 99.1; footnote (11).
F12See Exhibit 99.1; footnote (12).
F13See Exhibit 99.1; footnote (13).
F14See Exhibit 99.1; footnote (14).
F15See Exhibit 99.1; footnote (15).
F16See Exhibit 99.1; footnote (16).
F17See Exhibit 99.1; footnote (17).
F2See Exhibit 99.1; footnote (2).
F3See Exhibit 99.1; footnote (3).
F4See Exhibit 99.1; footnote (4).
F5See Exhibit 99.1; footnote (5).
F6See Exhibit 99.1; footnote (6).
F7See Exhibit 99.1; footnote (7).
F8See Exhibit 99.1; footnote (8).
F9See Exhibit 99.1; footnote (9).

Remarks

List of Exhibits: Exhibit 99.1: Explanation of Responses Solely for purposes of Section 16 of the Exchange Act, each of the Advisor and, by virtue of their control of the Advisor, the General Partner and Steven A. Tananbaum may be deemed to be directors-by-deputization by virtue of the contractual right of the Advisor to designate a member of the Board of Directors (the "Board") of Eagle Bulk Shipping Inc. (the "Issuer"). Casey Shanley has been designated by the Advisor to serve as a member of the Board. The Board approved the acquisitions of common stock pursuant to a Stock Purchase Agreement (the "Agreement"), dated December 13, 2016, by and among the Issuer and the investors listed on Schedule 1 thereto in advance of the Issuer entering into the Agreement.