SEC Form 4 · accession 0001628280-19-000124
Eagle Bulk Shipping Inc. · EGLE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Frank De Costanzo
Officer — Chief Financial Officer
Period of report
Jan 2, 2019
Accepted (ET)
Jan 4, 2019 · 4:53 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 | Jan 2, 2019 | A | 62,907 | $0.00 | A | 398,437 | D | |
| Common Stock | Jan 4, 2019 | F | 15,476 | $4.92 | D | 382,961 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On January 2, 2019, Eagle Bulk Shipping Inc. (the "Issuer") granted to Frank De Costanzo, the Issuer's Chief Financial Officer, 62,907 shares of restricted common stock under the 2016 Stock Compensation Plan. The shares of restricted common stock vest in three substantially equal installments on each of the first three anniversaries of the date of the grant.
- F2The disposition of shares represents the withholding of shares to satisfy the reporting person's tax withholding upon the vesting of the first tranche of stock grants awarded on January 4, 2018 as was approved by the Compensation Committee of the Issuer's Board of Directors. The total amount of taxes withheld was $76,141 based on $4.92 per share, the closing price of the common stock on January 4, 2019.