Gener8 Maritime, Inc. 4
4 · Gener8 Maritime, Inc. · Filed May 16, 2017
Insider Transaction Report
Form 4
Auerbach Ethan
Director
Transactions
- Award
Restricted Stock Units
2017-05-16+11,214→ 11,214 total→ Common Stock (11,214 underlying)
Footnotes (2)
- [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 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 date that is thirty days following the first anniversary of the transaction date, (iii) a change of control of GNRT and (iv) the death or disability of the reporting person.