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