Gener8 Maritime, Inc. 4
4 · Gener8 Maritime, Inc. · Filed Dec 10, 2015
Insider Transaction Report
Form 4
GEORGIOPOULOS PETER C
Director
Transactions
- Disposition to Issuer
Restricted Stock Units
2015-12-08−432,551→ 648,828 total→ Common Stock (432,551 underlying) - Award
Common Stock
2015-12-08+432,551→ 432,551 total
Footnotes (2)
- [F1]Each restricted stock unit represents the right to receive a share of common stock, or in the sole discretion of the Company's Compensation Committee, the value of a share of common stock on the date that the restricted stock unit vests.
- [F2]The restricted stock units vest in five equal installments on June 24, 2015, December 1, 2015, December 1, 2016, December 1, 2017 and December 1, 2018 provided that Mr. Georgiopoulos is employed by the Company or one of its subsidiaries through the applicable vesting date. Upon the consummation of the IPO of the Company on June 30, 2015, the installment scheduled to vest on December 1, 2015 immediately vested.