Eagle Bulk Shipping Inc. 4
4 · Eagle Bulk Shipping Inc. · Filed Dec 4, 2014
Insider Transaction Report
Form 4
Zoullas Alexis P
DirectorSee Footnote 2
Transactions
- Award
Common Stock, par value $0.01 per share
2014-12-02+160,000→ 160,978 total - Award
Stock Option
2014-12-02+240,000→ 240,000 totalExercise: $25.25Exp: 2021-12-02→ Common Stock (240,000 underlying) - Award
Stock Option
2014-12-02+200,000→ 200,000 totalExercise: $18.00Exp: 2021-12-02→ Common Stock (200,000 underlying)
Footnotes (3)
- [F1]As contemplated by 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) 160,000 shares of restricted common stock of the reorganized Company, (ii) stock options exercisable for 200,000 shares at an exercise price of $18 and (iii) stock options exercisable for 240,000 shares at an exercise price of $25.25 ((i) and (ii) collectively, the "Options").
- [F2]The shares of restricted common stock vest in four equal installments on each of the first four anniversaries of October 15, 2014.
- [F3]The Options vest in four equal installments on each of the first four anniversaries of October 15, 2014.