0001140361-18-040811.txt : 20181017 0001140361-18-040811.hdr.sgml : 20181017 20181017210136 ACCESSION NUMBER: 0001140361-18-040811 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20181015 FILED AS OF DATE: 20181017 DATE AS OF CHANGE: 20181017 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: 181127459 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 2018-10-15 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 2018-10-15 4 M 0 97466 0 A 267142 D Common Stock 2018-10-15 4 S 0 12210 12.7318 D 254932 D Common Stock 2018-10-16 4 S 0 13757 12.7333 D 241175 D Common Stock 2018-10-17 4 S 0 20817 12.2376 D 220358 D Restricted Stock Units Common Stock 20088 20088 D Option 13.69 2019-02-27 2024-02-27 Common Stock 65789 65789 D Restricted Stock Units 2018-10-15 4 M 0 97466 0 D Common Stock 194932 97466 D Option 11.13 2017-10-15 2023-03-23 Common Stock 133000 133000 D Warrant 259.1 2015-08-07 2020-08-07 Common Stock 47613 476133 D Warrant 287.3 2015-08-07 2020-08-07 Common Stock 49340 493402 D Warrant 341.9 2015-08-07 2020-08-07 Common Stock 74195 741958 D Warrant 209.9 2014-07-09 2021-07-09 Common Stock 2653 26533 D 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 and settled in shares of the issuer's common stock on October 15, 2018. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.585 to $12.86 (inclusive) on October 15, 2018, from $12.60 to $12.89 (inclusive) on October 16, 2018, and from $12.055 to $12.65 (inclusive) on October 17, 2018. 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 27, 2018. These options generally become exercisable in equal installments on each of the first three anniversaries of February 27, 2018. Of the original grant of 292,398 restricted stock units, 97,466 restricted stock units vested on each of October 15, 2017 and October 15, 2018. The remaining unvested RSUs will generally vest on October 15, 2019. These options generally become exercisable in equal installments on each of the first three anniversaries of October 15, 2016. These warrants became exercisable in equal installments on each of the first three anniversaries of August 7, 2014. /s/ John C. Wobensmith 2018-10-17