SEC Form 4 · accession 0001140361-19-004500
GENCO SHIPPING & TRADING LTD · GNK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John C Wobensmith
Officer — CEO, President and Secretary
Period of report
Mar 4, 2019
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 Stock | Mar 6, 2019 | M | 6,696 | $0.00 | A | 227,054 | 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 | — | Mar 4, 2019 | A | 59,595 | A | — | — | Common Stock | 59,595 | 59,595 | D |
| OptionF3 | $8.39 | Mar 4, 2019 | A | 135,135 | A | Mar 4, 2020 | Mar 4, 2025 | Common Stock | 135,135 | 135,135 | D |
| Restricted Stock UnitsF1,F4 | — | Mar 6, 2019 | M | 6,696 | D | — | — | Common Stock | 6,696 | 13,392 | D |
| OptionF5 | $13.69 | holding | — | — | — | Feb 27, 2019 | Feb 27, 2024 | Common Stock | 65,789 | 65,789 | D |
| Restricted Stock UnitsF1,F6 | — | holding | — | — | — | — | — | Common Stock | 97,466 | 97,466 | D |
| OptionF7 | $11.13 | holding | — | — | — | Oct 15, 2017 | Mar 23, 2023 | Common Stock | 133,000 | 133,000 | D |
| WarrantF8 | $259.10 | holding | — | — | — | Aug 7, 2015 | Aug 7, 2020 | Common Stock | 47,613 | 476,133 | D |
| WarrantF8 | $287.30 | holding | — | — | — | Aug 7, 2015 | Aug 7, 2020 | Common Stock | 49,340 | 493,402 | D |
| WarrantF8 | $341.90 | holding | — | — | — | Aug 7, 2015 | Aug 7, 2020 | Common Stock | 74,195 | 741,958 | D |
| Warrant | $209.90 | holding | — | — | — | Jul 9, 2014 | Jul 9, 2021 | Common Stock | 2,653 | 26,533 | 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 March 4, 2019, subject to postponement of settlement if the vesting occurs during a blackout period or other trading restriction.
- F3These options generally become exercisable in equal installments on each of the first three anniversaries of March 4, 2019.
- F4These restricted stock units generally vest in equal installments on each of the first three anniversaries of February 27, 2018, subject to postponement of settlement if the vesting occurs during a blackout period or other trading restriction.
- F5These options generally become exercisable in equal installments on each of the first three anniversaries of February 27, 2018.
- F6These restricted stock units generally vest in equal installments on each of the first three anniversaries of October 15, 2016.
- F7These options generally become exercisable in equal installments on each of the first three anniversaries of October 15, 2016.
- F8These warrants became exercisable in equal installments on each of the first three anniversaries of August 7, 2014.