SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
RAMIUS CAPITAL GROUP LLC

(Last) (First) (Middle)
599 LEXINGTON AVNUE
20TH FLOOR

(Street)
NEW YORK NY 10022

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Star Bulk Carriers Corp. [ SBLK ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
04/17/2008
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock, $.01 par value(1)(2) 04/18/2008 S 15,000 D $12.5 564,865 I By RCG Baldwin, L.P.(3)
Common Stock, $.01 par value(1)(2) 04/18/2008 S 20,000 D $12.5922 544,865 I By RCG Baldwin, L.P.(3)
Common Stock, $.01 par value(1)(2) 04/21/2008 X 35,000 A $8 579,865 I By RCG Baldwin, L.P.(3)
Common Stock, $.01 par value(1)(2) 04/18/2008 S 15,000 D $12.5 490,865 I By RCG Enterprise, Ltd(4)
Common Stock, $.01 par value(1)(2) 04/18/2008 S 20,000 D $12.5922 470,865 I By RCG Enterprise, Ltd(4)
Common Stock, $.01 par value(1)(2) 04/21/2008 X 35,000 A $8 505,865 I By RCG Enterprise, Ltd(4)
Common Stock, $.01 par value(1)(2) 1,702,070 I By RCG Carpathia Master Fund, Ltd(5)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Warrants (right to buy)(1)(2) $8 04/17/2008 S 60,000 11/30/2007 12/16/2009 Common Stock, $.01 par value 60,000 $4.25 365,000 I By RCG Baldwin, L.P.(6)
Warrants (right to buy)(1)(2) $8 04/17/2008 S 50,000 11/30/2007 12/16/2009 Common Stock, $.01 par value 50,000 $4.3 315,000 I By RCG Baldwin, L.P.(6)
Warrants (right to buy)(1)(2) $8 04/21/2008 X 35,000 11/30/2007 12/16/2009 Common Stock, $.01 par value 35,000 $0 280,000 I By RCG Baldwin, L.P.(6)
Warrants (right to buy)(1)(2) $8 11/30/2007 12/16/2009 Common Stock, $.01 par value 1,247,700 1,247,700 I By RCG Carpathia Master Fund, Ltd(7)
Warrants (right to buy)(1)(2) $8 04/21/2008 X 35,000 11/30/2007 12/16/2009 Common Stock, $.01 par value 35,000 $0 379,000 I By RCG Enterprise, Ltd(8)
Warrants (right to buy)(1)(2) $8 11/30/2007 12/16/2009 Common Stock, $.01 par value 100,000 100,000 I By RCG Crimson Partners, LP(9)
1. Name and Address of Reporting Person*
RAMIUS CAPITAL GROUP LLC

(Last) (First) (Middle)
599 LEXINGTON AVNUE
20TH FLOOR

(Street)
NEW YORK NY 10022

(City) (State) (Zip)
1. Name and Address of Reporting Person*
RCG BALDWIN LP

(Last) (First) (Middle)
C/O RAMIUS LLC
599 LEXINGTON AVENUE, 20TH FLOOR

(Street)
NEW YORK NY 10022

(City) (State) (Zip)
1. Name and Address of Reporting Person*
RAMIUS ADVISORS LLC

(Last) (First) (Middle)
C/O RAMIUS LLC
599 LEXINGTON AVENUE, 20TH FLOOR

(Street)
NEW YORK NY 10017

(City) (State) (Zip)
1. Name and Address of Reporting Person*
RCG CARPATHIA MASTER FUND LTD

(Last) (First) (Middle)
C/O RAMIUS LLC
599 LEXINGTON AVENUE, 20TH FLOOR

(Street)
NEW YORK NY 10022

(City) (State) (Zip)
1. Name and Address of Reporting Person*
RCG Enterprise Ltd

(Last) (First) (Middle)
CITCO FUND SERVICES LIMITED
CORPORATE CENTER, WEST BAY ROAD

(Street)
GRAND CAYMAN

(City) (State) (Zip)
Explanation of Responses:
1. Each Reporting Person may be deemed to be a member of a Section 13(d) group that owns more than 10% of the Issuer's outstanding shares of Common Stock. To enable all of the Reporting Persons to gain access to the Securities and Exchange Commission's electronic filing system (which only accepts a maximum of 10 joint filers per report), this report is the first of two identical reports relating to the same transaction being filed with the Securities and Exchange Commission.
2. Each Reporting Person disclaims beneficial ownership of the securities except to the extent of his or its pecuniary interest therein, and this report shall not be deemed to be an admission that any Reporting Person is the beneficial owner of these securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
3. Shares of Common Stock beneficially owned by RCG Baldwin, L.P. (Baldwin). As the general partner of Baldwin, Ramius Advisors, LLC (Ramius Advisors) may be deemed to beneficially own the shares of Common Stock beneficially owned by Baldwin. As the sole member of Ramius Advisors, Ramius may be deemed to beneficially own the shares of Common Stock beneficially owned by Ramius Advisors.
4. Shares of Common Stock beneficially owned by RCG Enterprise, Ltd (RCG Enterprise). As the investment manager of RCG Enterprise, Ramius may be deemed to beneficially own the shares of Common Stock beneficially owned by RCG Enterprise.
5. Shares of Common Stock beneficially owned by RCG Carpathia Master Fund, Ltd (Carpathia). As the investment advisor of Carpathia, Ramius may be deemed to beneficially own the shares of Common Stock beneficially owned by Carpathia.
6. Warrants beneficially owned by Baldwin. As the general partner of Baldwin, Ramius Advisors may be deemed to beneficially own the Warrants beneficially owned by Baldwin. As the sole member of Ramius Advisors, Ramius may be deemed to beneficially own the Warrants beneficially owned by Ramius Advisors.
7. Warrants beneficially owned by Carpathia. As the investment advisor of Carpathia, Ramius may be deemed to beneficially own the Warrants beneficially owned by Carpathia.
8. Warrants beneficially owned by RCG Enterprise. As the investment manager of RCG Enterprise, Ramius may be deemed to beneficially own the Warrants beneficially owned by RCG Enterprise. As a result of a reorganization of certain of the Reporting Persons and their affilates, the Warrants beneficially owned by Ramius Securities, L.L.C. (Ramius Securities), were transferred to RCG Enterprise, its affiliate. As of the date hereof, Ramius Securities no longer beneficially owns any Warrants.
9. Warrants beneficially owned by RCG Crimson Partners, L.P. (Crimson). As the general partner of Crimson, Ramius may be deemed to beneficially own the Warrants beneficially owned by Crimson.
Remarks:
By: Ramius LLC; By: /s/ Owen S. Littman, Authorized Signatory 04/21/2008
By: RCG Baldwin, L.P.; By: /s/ Owen S. Littman, Authorized Signatory 04/21/2008
By: Ramius Advisors, LLC; By: /s/ Owen S. Littman, Authorized Signatory 04/21/2008
By: RCG Carpathia Master Fund, Ltd; By: /s/ Owen S. Littman, Authorized Signatory 04/21/2008
By: RCG Enterprise, Ltd; By: /s/ Owen S. Littman, Authorized Signatory 04/21/2008
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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