4//SEC Filing
Baltic Trading Ltd 4
Accession 0001140361-15-028213
CIK 0001474042operating
Filed
Jul 20, 8:00 PM ET
Accepted
Jul 21, 9:03 PM ET
Size
9.6 KB
Accession
0001140361-15-028213
Insider Transaction Report
Form 4
GENCO SHIPPING & TRADING LTD
10% Owner
Transactions
- Disposition to Issuer
Class B Stock
2015-07-17−6,356,471→ 0 total(indirect: see footnote)→ Common Stock (6,356,471 underlying) - Award
Common Stock
2015-07-17+100→ 100 total(indirect: see footnote)
Footnotes (4)
- [F1]On July 17, 2015 (the "Effective Date"), Poseidon Merger Sub Limited ("Merger Sub"), a Marshall Islands corporation and wholly owned subsidiary of Genco Shipping & Trading Limited ("Genco"), a Marshall Islands corporation, merged (the "Merger") with and into Baltic Trading Limited ("Baltic Trading") with Baltic Trading surviving the Merger as a wholly owned subsidiary of Genco pursuant to that certain Agreement and Plan of Merger, dated as of April 7, 2015, as amended (the "Merger Agreement") by and among Merger Sub, Genco and Baltic Trading. Pursuant to the Merger Agreement, each share of common stock of Merger Sub, all of which were owned by Genco Investments LLC ("Genco Investments"), was converted into one share of common stock of Baltic Trading on the Effective Date.
- [F2]The securities reported in this form are owned by Genco Investments and may be deemed beneficially owned by Genco by virtue of its ownership of Genco Investments. Genco disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission that Genco has beneficial ownership of such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purposes.
- [F3]Each share of Class B Stock was convertible at any time at the option of the holder into one share of Common Stock, for no additional consideration. Pursuant to the Merger Agreement, each share of Class B Stock was cancelled on the Effective Date.
- [F4]The securities reported in this form were owned by Genco Investments and may be deemed beneficially owned by Genco by virtue of its ownership of Genco Investments. Genco disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission that Genco has beneficial ownership of such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purposes.
Documents
Issuer
Baltic Trading Ltd
CIK 0001474042
Entity typeoperating
IncorporatedMarshall Islands
Related Parties
1- filerCIK 0001474042
Filing Metadata
- Form type
- 4
- Filed
- Jul 20, 8:00 PM ET
- Accepted
- Jul 21, 9:03 PM ET
- Size
- 9.6 KB