SEC Form 4 · accession 0001437749-17-000953
Eagle Bulk Shipping Inc. · EGLE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Paul M. Leand Jr.
Director
Period of report
Jan 20, 2017
Accepted (ET)
Jan 23, 2017 · 8:13 am 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 StockF2 | Jan 20, 2017 | A | 20,000 | $4.50 | A | 102,560 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On January 20, 2017, Paul M. Leand, Jr., the Chairman of the Board of Directors (the "Board") of Eagle Bulk Shipping Inc. (the "Issuer"), acquired 20,000 shares of the Issuer's common stock pursuant to the Stock Purchase Agreement (the "Agreement"), dated December 13, 2016, by and among the Issuer and the investors listed on Schedule 1 thereto. The closing of the transactions pursuant to the Agreement was contingent on approval by the Issuer's shareholders, which was received on January 20, 2017. The Board approved the acquisitions of common stock pursuant to the Agreement in advance of the Issuer entering into the Agreement.
- F2The amount of shares of common stock beneficially owned by Mr. Leand is adjusted to reflect the Issuer's reverse stock split.