SEC Form 4 · accession 0001140361-18-011312
GENCO SHIPPING & TRADING LTD · GNK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Arthur L Regan
Officer — Interim Executive Chairman · Director
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
No Table I lines on this filing.
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 | 8,218 | A | — | — | Common Stock | 8,218 | 8,218 | D |
| OptionF3 | $13.69 | Feb 27, 2018 | A | 26,914 | A | Feb 27, 2019 | Feb 27, 2024 | Common Stock | 26,914 | 26,914 | D |
| Restricted Stock UnitsF1,F4 | — | holding | — | — | — | — | — | Common Stock | 16,666 | 16,666 | 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.
- F4These restricted stock units vested on May 17, 2017.