SEC Form 4 · accession 0001140361-16-054205
GENCO SHIPPING & TRADING LTD · GNK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Peter C Georgiopoulos
Director
Period of report
Feb 17, 2016
Accepted (ET)
Feb 19, 2016 · 4:46 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 StockF1 | Feb 17, 2016 | A | 408,163 | $0.00 | A | 1,664,013 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| WarrantF2 | $25.91 | holding | — | — | — | Aug 7, 2015 | Aug 7, 2020 | Common Stock | 1,785,498 | 1,785,498 | D |
| WarrantF2 | $28.73 | holding | — | — | — | Aug 7, 2015 | Aug 7, 2020 | Common Stock | 1,850,257 | 1,850,257 | D |
| WarrantF2 | $34.19 | holding | — | — | — | Aug 7, 2015 | Aug 7, 2020 | Common Stock | 2,782,341 | 2,782,341 | D |
| Warrant | $20.99 | holding | — | — | — | Jul 9, 2014 | Jul 9, 2021 | Common Stock | 380,127 | 380,127 | D |
| Warrant | $20.99 | holding | — | — | — | Jul 9, 2014 | Jul 9, 2021 | Common Stock | 39,304 | 39,304 | I |
Explanation of responses
- F1The shares of common stock of the issuer received in the transaction reported on this form are a grant of restricted stock which will generally vest, if at all, in equal installments commencing on the first three anniversaries of November 15, 2015.
- F2These warrants to purchase shares of common stock of the issuer were issued pursuant to the issuer's 2014 Management Incentive Plan. The warrants will become exercisable in equal installments on each of the first three anniversaries of August 7, 2014.