SEC Form 4/A · accession 0001140361-15-042404
GENCO SHIPPING & TRADING LTD · GNK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 4/A). It replaces an earlier filing for the same period.
Reporting owner
Basil G Mavroleon
Director
Period of report
Jul 29, 2015
Accepted (ET)
Nov 19, 2015 · 9:00 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001326200
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | holding | — | — | — | 7,388 | D |
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 29, 2015 | A | 11,643 | A | — | — | Common Stock | 11,643 | 11,643 | D |
| Warrant | $20.99 | holding | — | — | — | Jul 9, 2014 | Jul 9, 2021 | Common Stock | 4,746 | 4,746 | D |
Explanation of responses
- F1Each restricted stock unit represents the right to receive one share of the issuer's common stock, or in the sole discretion of the issuer's Compensation Committee, the value of a share of common stock on the date that the restricted stock unit vests.
- F2These restricted stock units generally vest on the earlier of (i) the date of the annual shareholders meeting of the issuer next following the date of the grant and (ii) the date that is fourteen months after the date of the grant.
Remarks
This amendment is being filed solely to remove a reference in Table II to 4,047 Restricted Stock Units and the original accompanying footnote 1, which were inadvertently included in the reporting person's Form 4 filed on July 31, 2015.