4//SEC Filing
Zafolias Apostolos 4
Accession 0001140361-22-006896
CIK 0001326200other
Filed
Feb 24, 7:00 PM ET
Accepted
Feb 25, 9:31 PM ET
Size
25.0 KB
Accession
0001140361-22-006896
Insider Transaction Report
Form 4
Zafolias Apostolos
Chief Financial Officer
Transactions
- Sale
Common Stock
2022-02-23$19.71/sh−1,614$31,809→ 10,774 total - Sale
Common Stock
2022-02-25$19.70/sh−2,266$44,646→ 13,229 total - Award
Restricted Stock Units
2022-02-23+17,893→ 17,893 total→ Common Stock (17,893 underlying) - Exercise/Conversion
Restricted Stock Units
2022-02-23−3,363→ 6,278 total→ Common Stock (3,363 underlying) - Exercise/Conversion
Restricted Stock Units
2022-02-25−4,721→ 4,722 total→ Common Stock (4,721 underlying) - Exercise/Conversion
Common Stock
2022-02-23+3,363→ 12,388 total - Exercise/Conversion
Common Stock
2022-02-25+4,721→ 15,495 total
Holdings
- 2,980
Restricted Stock Units
→ Common Stock (2,980 underlying) - 11,547
Option
Exercise: $9.91From: 2021-02-25Exp: 2026-02-25→ Common Stock (11,547 underlying) - 28,090
Option
Exercise: $7.06From: 2021-02-25Exp: 2026-02-25→ Common Stock (28,090 underlying) - 20,270
Option
Exercise: $8.06From: 2020-03-04Exp: 2025-03-04→ Common Stock (20,270 underlying) - 11,962
Option
Exercise: $13.37From: 2019-02-27Exp: 2024-02-27→ Common Stock (11,962 underlying)
Footnotes (14)
- [F1]The Reporting Person became entitled to receive shares of common stock in settlement of restricted stock units upon their vesting.
- [F10]These restricted stock units generally vest in equal installments on each of the first three anniversaries of February 25, 2020, subject to postponement of settlement if the vesting occurs during a blackout period or other trading restriction.
- [F11]These options generally become exercisable in equal installments on each of the first three anniversaries of February 25, 2020.
- [F12]These restricted stock units generally vest in equal installments on each of the first three anniversaries of March 4, 2019, subject to postponement of settlement if the vesting occurs during a blackout period or other trading restriction.
- [F13]These options generally become exercisable in equal installments on each of the first three anniversaries of March 4, 2019.
- [F14]These options generally became exercisable in equal installments on each of the first three anniversaries of February 27, 2018.
- [F2]These shares were sold under instructions given in a previously existing plan established in accordance with Rule 10b5-1 under the Securities Exchange Act of 1934, as amended, in order to satisfy the reporting person's tax obligations for restricted stock units that vested on February 23, 2022.
- [F3]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $19.525 to $20.3584 (inclusive) on February 23, 2022. The reporting person undertakes to provide to Genco Shipping & Trading Limited, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
- [F4]These shares were sold under instructions given in a previously existing plan established in accordance with Rule 10b5-1 under the Securities Exchange Act of 1934, as amended, in order to satisfy the reporting person's tax obligations for restricted stock units that vested on February 25, 2022.
- [F5]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $19.04 to $19.945 (inclusive) on February 25, 2022. The reporting person undertakes to provide to Genco Shipping & Trading Limited, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
- [F6]Each restricted stock unit represents the right to receive one share of the issuer's common stock, or in the sole discretion of the issuer's Compensation Committee, the value of a share of common stock on the date that the restricted stock unit vests.
- [F7]These restricted stock units generally vest in equal installments on each of the first five anniversaries of February 23, 2022, subject to postponement of settlement if the vesting occurs during a blackout period or other trading restriction.
- [F8]These restricted stock units generally vest in equal installments on each of the first three anniversaries of February 23, 2021, subject to postponement of settlement if the vesting occurs during a blackout period or other trading restriction.
- [F9]These options generally become exercisable in equal installments on each of the first three anniversaries of February 23, 2021.
Documents
Issuer
GENCO SHIPPING & TRADING LTD
CIK 0001326200
Entity typeother
Related Parties
1- filerCIK 0001626935
Filing Metadata
- Form type
- 4
- Filed
- Feb 24, 7:00 PM ET
- Accepted
- Feb 25, 9:31 PM ET
- Size
- 25.0 KB