GENCO SHIPPING & TRADING LTD 4
4 · GENCO SHIPPING & TRADING LTD · Filed Jul 21, 2015
Insider Transaction Report
Form 4
GEORGIOPOULOS PETER C
Director10% Owner
Transactions
- Award
Common Stock
2015-07-17+422,899→ 1,255,850 total
Holdings
- 1,850,257
Warrant
Exercise: $28.73From: 2015-08-07Exp: 2020-08-07→ Common Stock (1,850,257 underlying) - 2,782,341
Warrant
Exercise: $34.19From: 2015-08-07Exp: 2020-08-07→ Common Stock (2,782,341 underlying) - 39,304(indirect: By LLC)
Warrant
Exercise: $20.99From: 2014-07-09Exp: 2021-07-09→ Common Stock (39,304 underlying) - 1,785,498
Warrant
Exercise: $25.91From: 2015-08-07Exp: 2020-08-07→ Common Stock (1,785,498 underlying) - 380,127
Warrant
Exercise: $20.99From: 2014-07-09Exp: 2021-07-09→ Common Stock (380,127 underlying)
Footnotes (1)
- [F1]Represents shares acquired pursuant to that certain Agreement and Plan of Merger, dated as of April 7, 2015, as amended (the "Merger Agreement") by and among Genco Shipping & Trading Limited ("Genco"), Baltic Trading Limited, a Marshall Islands corporation ("Baltic Trading"), and Poseidon Merger Sub Limited, a Marshall Islands corporation and wholly owned subsidiary of Genco ("Merger Sub"), pursuant to which Merger Sub merged with and into Baltic Trading, with Baltic Trading surviving the Merger as a wholly owned subsidiary of Genco (the "Merger"). Pursuant to the Merger Agreement, at the effective time of the Merger, each of the reporting person's shares of Baltic Trading common stock was cancelled in exchange for the right to receive 0.216 shares of Genco common stock.