4//SEC Filing
Eagle Bulk Shipping Inc. 4
Accession 0000919574-14-005823
CIK 0001322439operating
Filed
Oct 16, 8:00 PM ET
Accepted
Oct 17, 7:43 PM ET
Size
20.1 KB
Accession
0000919574-14-005823
Insider Transaction Report
Form 4
ZOULLAS SOPHOCLES N
DirectorChief Executive Officer
Transactions
- Award
Stock Option
2014-10-15+810,811→ 810,811 totalExercise: $25.25Exp: 2021-10-15→ Common Stock (810,811 underlying) - Other
Common Stock
2014-10-15+3,986→ 3,986 total - Other
Warrant
2014-10-15+64,647→ 64,647 totalExercise: $27.82From: 2014-10-15Exp: 2021-10-15→ Common Stock (64,647 underlying) - Other
Non-qualified Stock Option (right to purchase)
2014-10-15−56,250→ 0 totalExercise: $71.20Exp: 2017-01-12→ Common Stock (56,250 underlying) - Other
Common Stock
2014-10-15−453,710→ 0 total - Award
Common Stock
2014-10-15+540,540→ 544,526 total - Other
Non-qualified Stock Option (right to purchase)
2014-10-15−1,000,000→ 0 totalExercise: $3.34Exp: 2017-06-26→ Common Stock (1,000,000 underlying) - Award
Stock Option
2014-10-15+675,676→ 675,676 totalExercise: $18.00Exp: 2021-10-15→ Common Stock (675,676 underlying)
Footnotes (5)
- [F1]Pursuant to the Issuer's Prepackaged Plan of Reorganization Pursuant to Chapter 11 of the Bankruptcy Code, which was confirmed by the United States Bankruptcy Court for the Southern District of New York, on September 23, 2014 and became effective on October 15, 2014, each share of the Issuer's common stock and options to purchase the Issuer's common stock outstanding prior to the Issuer's emergence from bankruptcy were cancelled, and the holders of the Issuer's common stock became entitled to receive (i) 0.01076359 shares of the Issuer common stock, par value $0.01 per share, for each share previously held and (ii) 0.17454475 warrants to purchase one share of the Issuer's common stock.
- [F2]In accordance with the Issuer's Prepackaged Plan of Reorganization Pursuant to Chapter 11 of the Bankruptcy Code, which was confirmed by the United States Bankruptcy Court for the Southern District of New York, Mr. Zoullas was granted (i) 540,540 shares of restricted common stock of the reorganized Company, (ii) stock options exercisable for 675,676 shares at an exercise price of $18 and (iii) stock options exercisable for 810,811 shares at an exercise price of $25.25 ((i) and (ii) collectively, the "Options").
- [F3]The options vested in three equal annual installments, commencing January 12, 2008.
- [F4]The options vested in four equal installments beginning on June 26, 2012
- [F5]The options vest in four equal installments on each of the first four anniversaries of October 15, 2014.
Documents
Issuer
Eagle Bulk Shipping Inc.
CIK 0001322439
Entity typeoperating
Related Parties
1- filerCIK 0001322439
Filing Metadata
- Form type
- 4
- Filed
- Oct 16, 8:00 PM ET
- Accepted
- Oct 17, 7:43 PM ET
- Size
- 20.1 KB