4//SEC Filing
Zafolias Apostolos 4
Accession 0001140361-23-009007
CIK 0001326200other
Filed
Feb 26, 7:00 PM ET
Accepted
Feb 27, 9:01 PM ET
Size
24.9 KB
Accession
0001140361-23-009007
Insider Transaction Report
Form 4
Zafolias Apostolos
Chief Financial Officer
Transactions
- Exercise/Conversion
Common Stock
2023-02-23+3,578→ 20,664 total - Exercise/Conversion
Common Stock
2023-02-23+3,364→ 24,028 total - Sale
Common Stock
2023-02-23$19.36/sh−3,332$64,495→ 20,696 total - Exercise/Conversion
Common Stock
2023-02-25+4,722→ 25,418 total - Sale
Common Stock
2023-02-27$19.39/sh−2,266$43,943→ 23,152 total - Exercise/Conversion
Restricted Stock Units
2023-02-23−3,578→ 14,315 total→ Common Stock (3,578 underlying) - Exercise/Conversion
Restricted Stock Units
2023-02-23−3,364→ 3,364 total→ Common Stock (3,364 underlying) - Exercise/Conversion
Restricted Stock Units
2023-02-25−4,722→ 0 total→ Common Stock (4,722 underlying)
Holdings
- 48,232
Restricted Stock Units
→ Common Stock (48,232 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)
Footnotes (13)
- [F1]The Reporting Person became entitled to receive shares of common stock in settlement of restricted stock units upon their vesting.
- [F10]These options generally become exercisable in equal installments on each of the first three anniversaries of February 23, 2021.
- [F11]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.
- [F12]These options generally became exercisable in equal installments on each of the first three anniversaries of February 25, 2020.
- [F13]These options generally became exercisable in equal installments on each of the first three anniversaries of March 4, 2019.
- [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, 2023.
- [F3]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.7204 to $19.7950 (inclusive) on February 23, 2023. 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, 2023.
- [F5]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $19.235 to $19.67 (inclusive) on February 27, 2023. 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, 2023, 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 five anniversaries of February 23, 2022, subject to postponement of settlement if the vesting occurs during a blackout period or other trading restriction.
- [F9]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.
Documents
Issuer
GENCO SHIPPING & TRADING LTD
CIK 0001326200
Entity typeother
Related Parties
1- filerCIK 0001626935
Filing Metadata
- Form type
- 4
- Filed
- Feb 26, 7:00 PM ET
- Accepted
- Feb 27, 9:01 PM ET
- Size
- 24.9 KB