0001140361-21-007567.txt : 20210305
0001140361-21-007567.hdr.sgml : 20210305
20210305210039
ACCESSION NUMBER: 0001140361-21-007567
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20210304
FILED AS OF DATE: 20210305
DATE AS OF CHANGE: 20210305
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: WOBENSMITH JOHN C
CENTRAL INDEX KEY: 0001333673
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-33393
FILM NUMBER: 21720406
MAIL ADDRESS:
STREET 1: 35 WEST 56TH STREET
CITY: NEW YORK
STATE: NY
ZIP: 10019
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: GENCO SHIPPING & TRADING LTD
CENTRAL INDEX KEY: 0001326200
STANDARD INDUSTRIAL CLASSIFICATION: DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT [4412]
IRS NUMBER: 000000000
STATE OF INCORPORATION: 1T
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 299 PARK AVENUE
STREET 2: 12TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10171
BUSINESS PHONE: (646) 443-8550
MAIL ADDRESS:
STREET 1: 299 PARK AVENUE
STREET 2: 12TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10171
4
1
form4.xml
FORM 4
X0306
4
2021-03-04
0001326200
GENCO SHIPPING & TRADING LTD
GNK
0001333673
WOBENSMITH JOHN C
C/O GENCO SHIPPING & TRADING LIMITED
299 PARK AVENUE, 12TH FLOOR
NEW YORK
NY
10171
true
CEO, President and Secretary
Common Stock
2021-03-04
4
M
0
19865
A
375178
D
Common Stock
2021-03-04
4
S
0
9932
11.0319
D
365246
D
Restricted Stock Units
Common Stock
60545
60545
D
Option
9.91
2022-02-23
2027-02-23
Common Stock
69284
69284
D
Restricted Stock Units
Common Stock
28328
56658
D
Option
7.06
2021-02-25
2026-02-25
Common Stock
168539
168539
D
Restricted Stock Units
2021-03-04
4
M
0
19865
0
D
Common Stock
19865
19865
D
Option
8.065
2020-03-04
2025-03-04
Common Stock
135135
135135
D
Option
13.365
2019-02-27
2024-02-27
Common Stock
65789
65789
D
Option
10.805
2017-10-15
2023-03-23
Common Stock
133000
133000
D
Warrant
195.1497
2014-07-09
2021-07-09
Common Stock
2865
26533
D
The Reporting Person became entitled to receive shares of common stock in settlement of restricted stock units upon their vesting.
These shares were sold under instructions given 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 March 4, 2021.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.79 to $11.88 (inclusive) on March 4, 2021. 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.
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.
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.
These options generally become exercisable in equal installments on each of the first three anniversaries of February 23, 2021.
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.
These options generally become exercisable in equal installments on each of the first three anniversaries of February 25, 2020.
These restricted stock units generally vest in equal installments on each of the first three anniversaries of March 4, 2019, subject to postponement of settlement if the vesting occurs during a blackout period or other trading restriction.
These options generally become exercisable in equal installments on each of the first three anniversaries of March 4, 2019.
These options generally became exercisable in equal installments on each of the first three anniversaries of February 27, 2018.
These options generally became exercisable in equal installments on each of the first three anniversaries of October 15, 2016.
/s/ John C. Wobensmith
2021-03-05