SEC Form 4 · accession 0001567619-19-006313
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
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 | 2,739 | $0.00 | A | 2,739 | 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 | 19,368 | A | — | — | Common Stock | 19,368 | 19,368 | D |
| OptionF3 | $8.39 | Mar 4, 2019 | A | 43,919 | A | Mar 4, 2020 | Mar 4, 2025 | Common Stock | 43,919 | 43,919 | D |
| Restricted Stock UnitsF1,F4 | — | Mar 6, 2019 | M | 2,739 | D | — | — | Common Stock | 2,739 | 5,479 | D |
| OptionF5 | $13.69 | holding | — | — | — | Feb 27, 2019 | Feb 27, 2024 | Common Stock | 26,914 | 26,914 | D |
| Restricted Stock UnitsF1,F6 | — | 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 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 vested on May 17, 2017.