SEC Form 4 · accession 0001140361-18-011311
GENCO SHIPPING & TRADING LTD · GNK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Apostolos Zafolias
Officer — Chief Financial Officer
Period of report
Feb 27, 2018
Accepted (ET)
Mar 1, 2018 · 5:15 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 | — | — | — | 15,953 | 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 | — | Feb 27, 2018 | A | 3,652 | A | — | — | Common Stock | 3,652 | 3,652 | D |
| OptionF3 | $13.69 | Feb 27, 2018 | A | 11,962 | A | Feb 27, 2019 | Feb 27, 2024 | Common Stock | 11,962 | 11,962 | D |
| WarrantF4,F5,F3 | $259.10 | holding | — | — | — | Aug 7, 2015 | Aug 7, 2020 | Common Stock | 4,070 | 40,709 | D |
| WarrantF4,F5,F3 | $287.30 | holding | — | — | — | Aug 7, 2015 | Aug 7, 2020 | Common Stock | 4,218 | 42,186 | D |
| WarrantF4,F5,F3 | $341.90 | holding | — | — | — | Aug 7, 2015 | Aug 7, 2020 | Common Stock | 6,343 | 63,437 | D |
| WarrantF4 | $209.90 | holding | — | — | — | Jul 9, 2014 | Jul 9, 2021 | Common Stock | 1,902 | 190 | 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 in equal installments on each of the first three anniversaries of February 27, 2018.
- F3These options generally become exercisable in equal installments on each of the first three anniversaries of February 27, 2018.
- F4On 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.
- F5These warrants became exercisable in equal installments on each of the first three anniversaries of August 7, 2014.