4//SEC Filing
Gener8 Maritime, Inc. 4
Accession 0001104659-16-144431
CIK 0001443799operating
Filed
Sep 12, 8:00 PM ET
Accepted
Sep 13, 5:02 PM ET
Size
6.9 KB
Accession
0001104659-16-144431
Insider Transaction Report
Form 4
PIERCE ADAM
Director
Transactions
- Award
Restricted Stock Units
2016-09-09+9,584→ 9,584 total→ Common Stock (9,584 underlying)
Footnotes (3)
- [F1]Each restricted stock unit represents a contingent right to receive one share of GNRT common stock, or in the sole discretion of GNRT's Compensation Committee, the cash value of a share of GNRT common stock on the date that the restricted stock unit vests.
- [F2]The reporting person is a Managing Director of Oaktree Capital Management, L.P. ("Oaktree"), a registered investment adviser under the Investment Advisers Act of 1940, as amended. The restricted stock units are held directly by the reporting person for the benefit of OCM FIE, LLC ("FIE"). Pursuant to the policies of Oaktree, the reporting person must hold the shares on behalf of and for the sole benefit of FIE and is assigning all economic, pecuniary and voting rights to FIE. The reporting person disclaims beneficial ownership of these securities, and the filing of this Form 4 shall not be construed as an admission that such person is the beneficial owner of any securities covered by this Form 4, except to the extent of any indirect pecuniary interest therein.
- [F3]The restricted stock units vest on the earliest of (i) the date of the first annual meeting of shareholders of GNRT following the transaction date, (ii) the first anniversary of the transaction date, (iii) a change of control of GNRT and (iv) the death or disability of the reporting person.
Documents
Issuer
Gener8 Maritime, Inc.
CIK 0001443799
Entity typeoperating
IncorporatedMarshall Islands
Related Parties
1- filerCIK 0001443799
Filing Metadata
- Form type
- 4
- Filed
- Sep 12, 8:00 PM ET
- Accepted
- Sep 13, 5:02 PM ET
- Size
- 6.9 KB