4//SEC Filing
Hughes Robert E 4
Accession 0001140361-22-008979
CIK 0001326200other
Filed
Mar 9, 7:00 PM ET
Accepted
Mar 10, 9:00 PM ET
Size
20.3 KB
Accession
0001140361-22-008979
Insider Transaction Report
Form 4
Hughes Robert E
Chief Operations Officer
Transactions
- Exercise/Conversion
Option
2022-03-08−7,803→ 7,803 totalExercise: $7.06From: 2021-02-25Exp: 2026-02-25→ Common Stock (7,803 underlying) - Exercise/Conversion
Common Stock
2022-03-08$9.91/sh+3,208$31,791→ 11,001 total - Tax Payment
Common Stock
2022-03-08$21.38/sh−1,486$31,771→ 9,515 total - Exercise/Conversion
Common Stock
2022-03-08$7.06/sh+7,803$55,089→ 17,318 total - Tax Payment
Common Stock
2022-03-08$21.38/sh−2,576$55,075→ 14,472 total - Sale
Common Stock
2022-03-08$21.55/sh−10,500$226,223→ 4,242 total - Exercise/Conversion
Option
2022-03-08−3,208→ 6,415 totalExercise: $9.91From: 2022-02-23Exp: 2027-02-23→ Common Stock (3,208 underlying)
Holdings
- 5,606
Restricted Stock Units
→ Common Stock (2,803 underlying) - 12,781
Restricted Stock Units
→ Common Stock (12,781 underlying) - 3,935
Restricted Stock Units
→ Common Stock (3,935 underlying)
Footnotes (10)
- [F1]Represents shares withheld by the issuer for the cashless exercise of options for 3,208 shares of the issuer's common stock.
- [F10]These options generally become exercisable in equal installments on each of the first three anniversaries of February 25, 2020.
- [F2]Represents shares withheld by the issuer for the cashless exercise of options for 7,083 shares of the issuer's common stock.
- [F3]A portion of 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.
- [F4]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $21.45 to $21.64 (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.
- [F5]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.
- [F6]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.
- [F7]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.
- [F8]These options generally become exercisable in equal installments on each of the first three anniversaries of February 23, 2021.
- [F9]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.
Documents
Issuer
GENCO SHIPPING & TRADING LTD
CIK 0001326200
Entity typeother
Related Parties
1- filerCIK 0001765719
Filing Metadata
- Form type
- 4
- Filed
- Mar 9, 7:00 PM ET
- Accepted
- Mar 10, 9:00 PM ET
- Size
- 20.3 KB