GENCO SHIPPING & TRADING LTD 4
4 · GENCO SHIPPING & TRADING LTD · Filed Feb 19, 2016
Insider Transaction Report
Form 4
LEFFELL MICHAEL J
Director
Transactions
- Exercise/Conversion
Common Stock
2016-02-17+4,047→ 4,047 total - Exercise/Conversion
Common Stock
2016-02-17+11,643→ 15,690 total - Exercise/Conversion
Restricted Stock Units
2016-02-17+4,047→ 0 total→ Common Stock (4,047 underlying) - Exercise/Conversion
Restricted Stock Units
2016-02-17+11,643→ 0 total→ Common Stock (11,643 underlying)
Footnotes (2)
- [F1]The Reporting Person became entitled to receive shares of common stock in settlement of these restricted stock units in connection with his departure from the Issuer's Board of Directors on 2/17/16. Restricted stock units convert into common stock on a one-for-one basis.
- [F2]The 4,047 restricted stock units vested on July 17, 2015. The vesting of the 11,643 restricted stock units was accelerated in connection with the Reporting Person's departure from the Issuer's Board of Directors.