SEC Form 4 · accession 0001140361-15-027537
GENCO SHIPPING & TRADING LTD · GNK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael J Leffell
Director
Period of report
Jul 13, 2015
Accepted (ET)
Jul 14, 2015 · 5:13 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001326200
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2 | — | Jul 13, 2015 | A | 4,047 | A | — | — | Common Stock | 4,047 | 4,047 | D |
Explanation of responses
- F1Each restricted stock unit represents the right to receive a share of common stock, or in the sole discretion of the Company's Compensation Committee, the value of a share of common stock on the date that the restricted stock unit vests.
- F2The restricted stock units generally vest on the date of the annual shareholders meeting of the issuer next following the date of grant.