Baltic Trading Ltd 4
4 · Baltic Trading Ltd · Filed Jul 21, 2015
Insider Transaction Report
Form 4
MAVROLEON BASIL G
Director
Transactions
- Disposition to Issuer
Common Stock
2015-07-17−34,205→ 0 total
Footnotes (1)
- [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. Each of these shares was cancelled on the Effective Date pursuant to the Merger Agreement in exchange for the right to receive 0.216 shares of Genco common stock. In connection with the Merger, Mr. Mavroleon ceased to be a director of Baltic Trading.