|
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
|
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) | ||
| 1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
||||
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Restricted Stock Units | (3) (4) | (4) | (4) | Common Stock | 20,088 (3) | 20,088 | D | ||||||||
| Option | $ 13.69 | 02/27/2019(5) | 02/27/2024 | Common Stock | 65,789 | 65,789 | D | ||||||||
| Restricted Stock Units | (3) (6) | 10/15/2018 | M | 97,466 | (6) | (6) | Common Stock | 194,932 (3) | $ 0 | 97,466 | D | ||||
| Option | $ 11.13 | 10/15/2017(7) | 03/23/2023 | Common Stock | 133,000 | 133,000 | D | ||||||||
| Warrant | $ 259.1 | 08/07/2015(8) | 08/07/2020 | Common Stock | 47,613 | 476,133 | D | ||||||||
| Warrant | $ 287.3 | 08/07/2015(8) | 08/07/2020 | Common Stock | 49,340 | 493,402 | D | ||||||||
| Warrant | $ 341.9 | 08/07/2015(8) | 08/07/2020 | Common Stock | 74,195 | 741,958 | D | ||||||||
| Warrant | $ 209.9 | 07/09/2014 | 07/09/2021 | Common Stock | 2,653 | 26,533 | D | ||||||||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
| WOBENSMITH JOHN C C/O GENCO SHIPPING & TRADING LIMITED 299 PARK AVENUE, 12TH FLOOR NEW YORK, NY 10171 |
CEO, President and Secretary | |||
| /s/ John C. Wobensmith | 10/17/2018 | |
| **Signature of Reporting Person | Date |
| * | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
| ** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
| (1) | These shares were sold under instructions given in accordance with Rule 10b5-1 under the Securities Exchange Act of 1934, as amended, in order to satisfy the reporting person's tax obligations for restricted stock units that vested and settled in shares of the issuer's common stock on October 15, 2018. |
| (2) | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.585 to $12.86 (inclusive) on October 15, 2018, from $12.60 to $12.89 (inclusive) on October 16, 2018, and from $12.055 to $12.65 (inclusive) on October 17, 2018. The reporting person undertakes to provide to Genco Shipping & Trading Limited, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote. |
| (3) | Each 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. |
| (4) | These restricted stock units generally vest in equal installments on each of the first three anniversaries of February 27, 2018. |
| (5) | These options generally become exercisable in equal installments on each of the first three anniversaries of February 27, 2018. |
| (6) | Of the original grant of 292,398 restricted stock units, 97,466 restricted stock units vested on each of October 15, 2017 and October 15, 2018. The remaining unvested RSUs will generally vest on October 15, 2019. |
| (7) | These options generally become exercisable in equal installments on each of the first three anniversaries of October 15, 2016. |
| (8) | These warrants became exercisable in equal installments on each of the first three anniversaries of August 7, 2014. |