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