4//SEC Filing
Zafolias Apostolos 4
Accession 0001140361-22-008046
CIK 0001326200other
Filed
Mar 3, 7:00 PM ET
Accepted
Mar 4, 7:00 PM ET
Size
19.7 KB
Accession
0001140361-22-008046
Insider Transaction Report
Form 4
Zafolias Apostolos
Chief Financial Officer
Transactions
- Exercise/Conversion
Common Stock
2022-03-04+2,980→ 16,209 total - Sale
Common Stock
2022-03-04$20.26/sh−1,430$28,977→ 14,779 total - Exercise/Conversion
Restricted Stock Units
2022-03-04−2,980→ 0 total→ Common Stock (2,980 underlying)
Holdings
- 17,893
Restricted Stock Units
→ Common Stock (17,893 underlying) - 6,278
Restricted Stock Units
→ Common Stock (6,278 underlying) - 11,547
Option
Exercise: $9.91From: 2021-02-25Exp: 2026-02-25→ Common Stock (11,547 underlying) - 4,722
Restricted Stock Units
→ Common Stock (4,722 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 (12)
- [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 March 4, 2019, 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 March 4, 2019.
- [F12]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 March 4, 2022.
- [F3]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $19.695 to $20.6664 (inclusive) on March 4, 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]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.
- [F5]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.
- [F6]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.
- [F7]These options generally become exercisable in equal installments on each of the first three anniversaries of February 23, 2021.
- [F8]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.
- [F9]These options generally become exercisable in equal installments on each of the first three anniversaries of February 25, 2020.
Documents
Issuer
GENCO SHIPPING & TRADING LTD
CIK 0001326200
Entity typeother
Related Parties
1- filerCIK 0001626935
Filing Metadata
- Form type
- 4
- Filed
- Mar 3, 7:00 PM ET
- Accepted
- Mar 4, 7:00 PM ET
- Size
- 19.7 KB