SEC Form 4 · accession 0001140361-17-021208
GENCO SHIPPING & TRADING LTD · GNK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Eugene I Davis
Director
Period of report
May 17, 2017
Accepted (ET)
May 17, 2017 · 5:05 pm EDT
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 | May 17, 2017 | M | 404 | — | A | 404 | D | |
| Common StockF1 | May 17, 2017 | M | 1,164 | — | A | 1,568 | D | |
| Common StockF1 | May 17, 2017 | M | 16,666 | — | A | 18,234 | 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 | — | May 17, 2017 | M | 404 | D | — | — | Common Stock | 404 | 0 | D |
| Restricted Stock UnitsF1,F3 | — | May 17, 2017 | M | 1,164 | D | — | — | Common Stock | 1,164 | 0 | D |
| Restricted Stock UnitsF1,F4 | — | May 17, 2017 | M | 16,666 | D | — | — | Common Stock | 16,666 | 0 | D |
Explanation of responses
- F1The Reporting Person became entitled to receive shares of common stock in settlement of these restricted stock units in connection with his departure from the Issuer's Board of Directors on 5/17/17. Restricted stock units convert into common stock on a one-for-one basis.
- F2The 404 restricted stock units vested on July 17, 2015.
- F3The 1,164 restricted stock units vested on May 18, 2016.
- F4The 16,666 restricted stock units vested on May 17, 2017.