SEC Form 4 · accession 0001140361-19-004499
GENCO SHIPPING & TRADING LTD · GNK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joseph Adamo
Officer — Chief Accounting Officer
Period of report
Aug 7, 2015
Accepted (ET)
Mar 6, 2019 · 5:20 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 | holding | — | — | — | 484 | 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 UnitsF2,F3 | — | Mar 4, 2019 | A | 1,788 | A | — | — | Common Stock | 1,788 | 1,788 | D |
| OptionF4 | $8.39 | Mar 4, 2019 | A | 4,054 | A | Mar 4, 2020 | Mar 4, 2025 | Common Stock | 4,054 | 4,054 | D |
| WarrantF5,F6 | $259.10 | holding | — | — | — | Aug 7, 2015 | Aug 7, 2020 | Common Stock | 1,235 | 12,356 | D |
| WarrantF5,F6 | $287.30 | holding | — | — | — | Aug 7, 2015 | Aug 7, 2020 | Common Stock | 1,280 | 12,804 | D |
| WarrantF5,F6 | $341.90 | holding | — | — | — | Aug 7, 2015 | Aug 7, 2020 | Common Stock | 1,925 | 19,254 | D |
| WarrantF5 | $209.90 | holding | — | — | — | Jul 9, 2014 | Jul 9, 2021 | Common Stock | 285 | 2,857 | D |
Explanation of responses
- F1Adjusted for the issuer's 1-for-10 reverse stock split that occurred on July 7, 2016.
- F2Each 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.
- F3These restricted stock units generally vest in equal installments on each of the first three anniversaries of March 4, 2019, subject to postponement of settlement if the vesting occurs during a blackout period or other trading restriction.
- F4These options generally become exercisable in equal installments on each of the first three anniversaries of March 4, 2019.
- F5On 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.
- F6These warrants became exercisable in equal installments on each of the first three anniversaries of August 7, 2014.