0001140361-16-059846.txt : 20160401 0001140361-16-059846.hdr.sgml : 20160401 20160401165457 ACCESSION NUMBER: 0001140361-16-059846 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20160330 FILED AS OF DATE: 20160401 DATE AS OF CHANGE: 20160401 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Eagle Bulk Shipping Inc. CENTRAL INDEX KEY: 0001322439 STANDARD INDUSTRIAL CLASSIFICATION: DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT [4412] IRS NUMBER: 980450435 FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 477 MADISON AVENUE STREET 2: SUITE 1405 CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 212-785-2500 MAIL ADDRESS: STREET 1: 477 MADISON AVENUE STREET 2: SUITE 1405 CITY: NEW YORK STATE: NY ZIP: 10022 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Tananbaum Steven A. CENTRAL INDEX KEY: 0001435626 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-33831 FILM NUMBER: 161547885 MAIL ADDRESS: STREET 1: 300 PARK AVENUE STREET 2: 21ST FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: GoldenTree Asset Management LLC CENTRAL INDEX KEY: 0001435627 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-33831 FILM NUMBER: 161547886 BUSINESS ADDRESS: STREET 1: 300 PARK AVENUE STREET 2: 21ST FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 212-847-3500 MAIL ADDRESS: STREET 1: 300 PARK AVENUE STREET 2: 21ST FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: GOLDENTREE ASSET MANAGEMENT LP CENTRAL INDEX KEY: 0001278951 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-33831 FILM NUMBER: 161547887 BUSINESS ADDRESS: STREET 1: 300 PARK AVENUE STREET 2: 21ST FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 2128473500 MAIL ADDRESS: STREET 1: 300 PARK AVENUE STREET 2: 21ST FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 4 1 doc1.xml FORM 4 X0306 4 2016-03-30 0 0001322439 Eagle Bulk Shipping Inc. EGLE 0001278951 GOLDENTREE ASSET MANAGEMENT LP 300 PARK AVENUE 21ST FLOOR NEW YORK NY 10022 0 0 1 1 See Remarks 0001435627 GoldenTree Asset Management LLC 300 PARK AVENUE 21ST FLOOR NEW YORK NY 10022 0 0 1 1 See Remarks 0001435626 Tananbaum Steven A. 300 PARK AVENUE 21ST FLOOR NEW YORK NY 10022 0 0 1 1 See Remarks Common Stock, par value $0.01 per share ("Common Stock") 2016-03-30 4 P 0 6755931 A 6755931 I See footnotes Common Stock 54963 D Common Stock 1857659 I See footnotes Common Stock 135475 I See footnotes Common Stock 169675 I See footnotes Common Stock 350106 I See footnotes Common Stock 2355821 I See footnotes Common Stock 385351 I See footnotes Common Stock 64302 I See footnotes See Exhibit 99.1; footnote (1). See Exhibit 99.1; footnote (2). See Exhibit 99.1; footnote (3). See Exhibit 99.1; footnote (4). See Exhibit 99.1; footnote (5). See Exhibit 99.1; footnote (6). See Exhibit 99.1; footnote (7). See Exhibit 99.1; footnote (8). See Exhibit 99.1; footnote (9). See Exhibit 99.1; footnote (10). See Exhibit 99.1; footnote (11). List of Exhibits: Exhibit 99.1 - Explanation of Responses Solely for purposes of Section 16 of the Exchange Act, each of the Advisor and, by virtue of their control of the Advisor, the General Partner and Steven A. Tananbaum may be deemed to be directors-by-deputization by virtue of the contractual right of the Advisor to designate a member of the board of directors of EGLE. Casey Shanley has been designated by the Advisor to serve as a member of EGLE's board of directors. GoldenTree Asset Management LLC, By: /s/ Steven A. Tananbaum, its Managing Member 2016-03-31 /s/ Steven A. Tananbaum 2016-03-31 EX-99.1 2 g16793363.htm EXPLANATION OF RESPONSES
Explanation of Responses:
(1)  The shares of Common Stock reported herein as acquired are issuable pro rata to certain lenders (the “Second Lien Lenders”) that have entered into a Second Lien Loan Agreement, dated March 30, 2016, among EGLE, the Second Lien Lenders and Wilmington Savings Fund Society, which provides for a term loan to EGLE in the amount of $60,000,000.  No separate consideration is ascribed to such shares in the Second Lien Loan Agreement.
(2) This Form 4 is filed on behalf of GoldenTree Asset Management LP (the “Advisor”), GoldenTree Asset Management LLC (the “General Partner”) and Steven A. Tananbaum (collectively, the “Reporting Persons”).  The Advisor is the investment manager or advisor to GoldenTree Distressed Fund 2014 LP (“GDF”), GoldenTree E Distressed Debt Fund II LP (“GEDD”), GT NM, L.P. (“GTNM”), GoldenTree Entrust Onshore Customized Portfolio LP (“GEOC”), GoldenTree Partners II, LP (“GPII”), GoldenTree Partners (100), L.P. (“GPH”), GoldenTree Partners, L.P. (“GP”), GoldenTree Select Partners, L.P. (“GSP”), GoldenTree NJ Distressed Fund 2015 LP (“GNJ”), GoldenTree Distressed Master Fund 2014 LP (“GDMF”), GoldenTree E Distressed Debt Master Fund II LP (“GDDF”), GoldenTree Entrust Master Fund SPC (“GSPC”), GoldenTree Master Fund II, LTD (“GFII”), GoldenTree Master Fund, LTD (“GMF” and together with GDF, GEDD, GTNM, GEOC, GPII, GPH, GP, GSP, GNJ, GDMF, GDDF, GSPC and GFII, the “Funds”) and certain separate accounts managed by the Advisor (the “Managed Accounts”) and may be deemed to have a pecuniary interest in the Common Stock directly held by the Funds and held in the Managed Accounts.  The General Partner is the general partner of the Advisor and may be deemed to have a pecuniary interest in the Common Stock reported herein in which the Advisor has a pecuniary interest.  Steven A. Tananbaum is the managing member of the General Partner and may be deemed to have a pecuniary interest in the Common Stock reported herein in which the Advisor and the General Partner have a pecuniary interest, and also directly holds shares of Common Stock.  The Advisor, the General Partner and the Funds disclaim beneficial ownership of the shares held directly by Steven A. Tananbaum.  Each Fund disclaims beneficial ownership of the shares held directly by each other Fund, the Managed Accounts and Steven A. Tananbaum.  Shares held directly by persons other than GNJ, Steven A. Tananbaum, GDMF, GDDF, GSPC, GFII and GMF are reported on a separate Form 4 filed contemporaneously with this Form 4 due to the limitation on the number of transactions reportable on any single Form 4.
(3) Common Stock held directly by GoldenTree NJ Distressed Fund 2015 LP.
(4) Common Stock held directly by Steven A. Tananbaum.
(5) Common Stock held directly by GoldenTree Distressed Master Fund 2014 LP.
(6) Common Stock held directly by GoldenTree E Distressed Debt Master Fund II LP.
(7) Common Stock held directly by GoldenTree Entrust Master Fund SPC.
(8) Common Stock held directly by GoldenTree Master Fund II, LTD.
(9) Common Stock held directly by GoldenTree Master Fund, LTD.
(10) Common Stock held directly by a separate account managed by GoldenTree Asset Management LP.
(11) Common Stock held directly by a separate account managed by GoldenTree Asset Management LP.