Tsoutsoplides Constantine 4
4 · Eagle Bulk Shipping Inc. · Filed Apr 11, 2024
Insider Transaction Report
Form 4
Tsoutsoplides Constantine
Chief Financial Officer
Transactions
- Disposition to Issuer
Restricted Stock Units
2024-04-09−1,979→ 0 total→ Common Stock (1,979 underlying) - Disposition to Issuer
Restricted Stock Units
2024-04-09−1,636→ 0 total→ Common Stock (1,636 underlying) - Disposition to Issuer
Common Stock
2024-04-09−10,127→ 0 total - Award
Restricted Stock Units
2024-04-09+1,636→ 1,636 total→ Common Stock (1,636 underlying)
Footnotes (4)
- [F1]Disposed of in exchange for 26,543 common shares of Star Bulk Carriers Corp. ("Star Bulk") and cash in lieu of fractional shares in connection with the closing of the merger of Eagle Bulk Shipping Inc. (the "Issuer") and Star Bulk pursuant to that certain Agreement and Plan of Merger dated December 11, 2023, by and among the Issuer, Star Bulk and Star Infinity Corp. (the "Merger Agreement").
- [F2]This award of performance-based restricted stock units was granted on April 1, 2023 and certain performance criteria were certified on February 24, 2024. The unvested restricted stock units subject to this award were cancelled and converted into 5,188 restricted stock units of Star Bulk in connection with the closing of the merger of the Issuer and Star Bulk pursuant to the Merger Agreement.
- [F3]On April 9, 2024, in connection with the closing of the merger of the Issuer and Star Bulk pursuant to the Merger Agreement, certain performance criteria for the performance-based restricted stock units granted under the Issuer's 2016 Equity Incentive Plan to Constantine Tsoutsoplides, the Issuer's Chief Financial Officer, on April 1, 2023 had been met and 1,636 restricted stock units may become vested.
- [F4]This award of performance-based restricted stock units was granted on April 1, 2023 and certain performance criteria were met on April 9, 2024. The unvested restricted stock units subject to this award were cancelled and converted into 4,290 restricted stock units of Star Bulk in connection with the closing of the merger of the Issuer and Star Bulk pursuant to the Merger Agreement.