SEC Form 4 · accession 0001140361-16-087117

GENCO SHIPPING & TRADING LTD · GNK

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — President and Secretary

Period of report

Nov 15, 2016

Accepted (ET)

Nov 17, 2016 · 5:14 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	—	—		—	51,593	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Series A Convertible Preferred Stock, par val $.01 per share^F1,F3	$4.85	Nov 15, 2016	P	20,617	A	—	—	Common Stock	20,617	20,617	D
Warrant^F2,F4	$259.10	holding	—	—	—	Aug 7, 2015	Aug 7, 2020	Common Stock	47,613	476,133	D
Warrant^F2,F4	$287.30	holding	—	—	—	Aug 7, 2015	Aug 7, 2020	Common Stock	49,340	493,402	D
Warrant^F2,F4	$341.90	holding	—	—	—	Aug 7, 2015	Aug 7, 2020	Common Stock	74,195	741,958	D
Warrant^F2	$209.90	holding	—	—	—	Jul 9, 2014	Jul 9, 2021	Common Stock	2,653	26,533	D

F1The conversion price of the Series A Convertible Preferred Stock (the "Preferred Shares") is subject to adjustment upon the occurrence of certain events.
F2On July 7, 2016, the issuer effected a 1-for-10 reverse stock split. The amount of securities beneficially owned and the exercise price of warrants have been adjusted to reflect the reverse stock split
F3The Preferred Shares automatically, without any action by the holder of the Preferred Shares, convert into shares of the issuer's common stock as of the close of business on the date on which the issuer obtains the approval of its stockholders to issue shares of common stock upon conversion of the Preferred Shares.
F4These 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.