X0306 4 2019-03-04 0001326200 GENCO SHIPPING & TRADING LTD GNK 0001626935 Zafolias Apostolos C/O GENCO SHIPPING & TRADING LIMITED 299 PARK AVENUE, 12TH FLOOR NEW YORK NY 10171 true Chief Financial Officer Common Stock 2019-03-06 4 M 0 1217 0 A 2812 D Common Stock 2019-03-06 4 S 0 608 8.6492 D 2204 D Restricted Stock Units 2019-03-04 4 A 0 8939 0 A Common Stock 8939 8939 D Option 8.39 2019-03-04 4 A 0 20270 0 A 2020-03-04 2025-03-04 Common Stock 20270 20270 D Restricted Stock Units 2019-03-06 4 M 0 1217 0 D Common Stock 1217 2435 D Option 13.69 2019-02-27 2024-02-27 Common Stock 11962 11962 D Warrant 259.1 2015-08-07 2020-08-07 Common Stock 4070 40709 D Warrant 287.3 2015-08-07 2020-08-07 Common Stock 4218 42186 D Warrant 341.9 2015-08-07 2020-08-07 Common Stock 6343 63437 D Warrant 209.9 2014-07-09 2021-07-09 Common Stock 190 1902 D Includes 1,595 shares of the issuer's common stock which have been adjusted for the issuer's 1-for-10 reverse stock split that occurred on July 7, 2016. These shares were sold in order to satisfy the reporting person's tax obligations for restricted stock units that settled in shares of the issuer's common stock on March 6, 2019. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $8.64 to $8.66 (inclusive) on March 6, 2019. 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 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 restricted stock units generally vest in equal installments on each of the first three anniversaries of February 27, 2018, 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 27, 2018. These warrants became exercisable in equal installments on each of the first three anniversaries of August 7, 2014. /s/ Apostolos Zafolias 2019-03-06