0001140361-22-021102.txt : 20220527 0001140361-22-021102.hdr.sgml : 20220527 20220527213016 ACCESSION NUMBER: 0001140361-22-021102 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20220526 FILED AS OF DATE: 20220527 DATE AS OF CHANGE: 20220527 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: 22980141 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 2022-05-26 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 true CEO, President, and Secretary Common Stock 2022-05-26 4 M 0 17926 8.065 A 417025 D Common Stock 2022-05-26 4 F 0 5732 25.22 D 411293 D Common Stock 2022-05-26 4 S 0 12194 25.3033 D 399099 D Common Stock 2022-05-27 4 M 0 66205 8.065 A 465316 D Common Stock 2022-05-27 4 F 0 21205 25.18 D 444099 D Common Stock 2022-05-27 4 S 0 45000 25.147 D 399099 D Restricted Stock Units Common Stock 71574 71574 D Restricted Stock Units Common Stock 40364 40364 D Option 9.91 2022-02-23 2027-02-23 Common Stock 69284 69284 D Restricted Stock Units Common Stock 28329 28329 D Option 7.06 2021-02-25 2026-02-25 Common Stock 168539 168539 D Option 8.065 2022-05-26 4 M 0 17926 0 D 2020-03-04 2025-03-04 Common Stock 17926 82896 D Option 8.065 2022-05-27 4 M 0 66205 0 D 2020-03-04 2025-03-04 Common Stock 66205 16691 D Represents shares withheld by the issuer for the cashless exercise of options for 17,926 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 May 26, 2022. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $25.30 to $25.35 (inclusive) on May 26, 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. Represents shares withheld by the issuer for the cashless exercise of options for 66,205 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 May 27, 2022. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $25.10 to $25.2913 (inclusive) on May 27, 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 installments of 21.43% per annum on each of the first three anniversaries of February 23, 2022, 17.86% on the fourth such anniversary, and 17.85% on the fifth such anniversary, 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. These options generally become exercisable in equal installments on each of the first three anniversaries of March 4, 2019. /s/ John C. Wobensmith 2022-05-27