0001140361-22-008979.txt : 20220310
0001140361-22-008979.hdr.sgml : 20220310
20220310210035
ACCESSION NUMBER: 0001140361-22-008979
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20220308
FILED AS OF DATE: 20220310
DATE AS OF CHANGE: 20220310
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Hughes Robert E
CENTRAL INDEX KEY: 0001765719
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-33393
FILM NUMBER: 22730923
MAIL ADDRESS:
STREET 1: GENCO SHIPPING & TRADING LIMITED
STREET 2: 299 PARK AVE., 12TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10171
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
2022-03-08
0001326200
GENCO SHIPPING & TRADING LTD
GNK
0001765719
Hughes Robert E
C/O GENCO SHIPPING & TRADING LIMITED
299 PARK AVENUE, 12TH FLOOR
NEW YORK
NY
10171
true
Chief Operations Officer
Common Stock
2022-03-08
4
M
0
3208
9.91
A
11001
D
Common Stock
2022-03-08
4
F
0
1486
21.38
D
9515
D
Common Stock
2022-03-08
4
M
0
7803
7.06
A
17318
D
Common Stock
2022-03-08
4
F
0
2576
21.38
D
14472
D
Common Stock
2022-03-08
4
S
0
10500
21.545
D
4242
D
Restricted Stock Units
Common Stock
12781
12781
D
Restricted Stock Units
Common Stock
2803
5606
D
Option
9.91
2022-03-08
4
M
0
3208
0
D
2022-02-23
2027-02-23
Common Stock
3208
6415
D
Restricted Stock Units
Common Stock
3935
3935
D
Option
7.06
2022-03-08
4
M
0
7803
0
D
2021-02-25
2026-02-25
Common Stock
7803
7803
D
Represents shares withheld by the issuer for the cashless exercise of options for 3,208 shares of the issuer's common stock.
Represents shares withheld by the issuer for the cashless exercise of options for 7,083 shares of the issuer's common stock.
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.
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.
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 five anniversaries of February 23, 2022, subject to postponement of settlement if the vesting occurs during a blackout period or other trading restriction.
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.
/s/ Robert E. Hughes
2022-03-10