4//SEC Filing
Zafolias Apostolos 4
Accession 0001140361-22-008978
CIK 0001326200other
Filed
Mar 9, 7:00 PM ET
Accepted
Mar 10, 9:00 PM ET
Size
19.4 KB
Accession
0001140361-22-008978
Insider Transaction Report
Form 4
Zafolias Apostolos
Chief Financial Officer
Transactions
- Exercise/Conversion
Common Stock
2022-03-08$13.37/sh+11,962$159,872→ 26,741 total - Sale
Common Stock
2022-03-08$21.47/sh−2,178$46,753→ 17,086 total - Exercise/Conversion
Option
2022-03-08−11,962→ 0 totalExercise: $13.37From: 2019-02-27Exp: 2024-02-27→ Common Stock (11,962 underlying) - Tax Payment
Common Stock
2022-03-08$21.38/sh−7,477$159,858→ 19,264 total
Holdings
- 6,728
Restricted Stock Units
→ Common Stock (6,728 underlying) - 4,722
Restricted Stock Units
→ Common Stock (4,722 underlying) - 20,270
Option
Exercise: $8.06From: 2020-03-04Exp: 2025-03-04→ Common Stock (20,270 underlying) - 17,893
Restricted Stock Units
→ Common Stock (17,893 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)
Footnotes (11)
- [F1]Represents shares withheld by the issuer for the cashless exercise of options for 11,962 shares of the issuer's common stock.
- [F10]These options generally become exercisable in equal installments on each of the first three anniversaries of March 4, 2019.
- [F11]These options generally became exercisable in equal installments on each of the first three anniversaries of February 27, 2018.
- [F2]These shares were sold in order to satisfy the reporting person's tax obligations for shares of common stock of the issuer that the reporting person received from the exercise of stock options on March 8, 2022.
- [F3]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $21.46 to $21.525 (inclusive) on March 8, 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 9, 7:00 PM ET
- Accepted
- Mar 10, 9:00 PM ET
- Size
- 19.4 KB