0001140361-22-030801.txt : 20220824
0001140361-22-030801.hdr.sgml : 20220824
20220824210102
ACCESSION NUMBER: 0001140361-22-030801
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20220822
FILED AS OF DATE: 20220824
DATE AS OF CHANGE: 20220824
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: REGAN ARTHUR L
CENTRAL INDEX KEY: 0001332732
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-33393
FILM NUMBER: 221192771
MAIL ADDRESS:
STREET 1: C/O ARLINGTON TANKERS LTD
STREET 2: THE HAYWARD BUILDING 22 BERMUDIANA ROAD
CITY: HAMILTON HM 11
STATE: D0
ZIP: --
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
2022-08-22
0001326200
GENCO SHIPPING & TRADING LTD
GNK
0001332732
REGAN ARTHUR L
C/O GENCO SHIPPING & TRADING LIMITED
299 PARK AVENUE, 12TH FLOOR
NEW YORK
NY
10171
true
Common Stock
2022-08-22
4
M
0
26914
13.365
A
78808
D
Common Stock
2022-08-22
4
S
0
22984
15.65
D
55824
D
Common Stock
2022-08-22
4
M
0
43919
8.065
A
99743
D
Common Stock
2022-08-22
4
S
0
22633
15.65
D
77110
D
Common Stock
2022-08-22
4
M
0
37453
7.06
A
114563
D
Common Stock
2022-08-22
4
S
0
16895
15.65
D
97668
D
Common Stock
2022-08-23
4
S
0
22887
15.8177
D
74781
D
Restricted Stock Units
Common Stock
12286
12286
D
Restricted Stock Units
Common Stock
9443
9443
D
Option
7.06
2022-08-22
4
M
0
37453
0
D
2021-02-25
2026-02-25
Common Stock
58180
18727
D
Option
8.065
2022-08-22
4
M
0
43919
0
D
2020-03-04
2025-03-04
Common Stock
43919
0
D
Option
13.365
2022-08-22
4
M
0
26914
0
D
2019-02-27
2024-02-27
Common Stock
26914
0
D
Restricted Stock Units
Common Stock
16666
16666
D
Restricted Stock Units
2022-08-23
4
A
0
190.07
0
D
Common Stock
190.07
6203.94
D
Restricted Stock Units
2022-08-23
4
A
0
148.6
0
D
Common Stock
148.6
4850.3
D
Represents shares withheld by the issuer for the cashless exercise of options having an exercise price of $13.365 per share for 26,914 shares of the issuer's common stock.
Represents shares withheld by the issuer for the cashless exercise of options having an exercise price of $8.065 per share for 43,919 shares of the issuer's common stock.
Represents shares withheld by the issuer for the cashless exercise of options having an exercise price of $7.06 per share for 37,453 shares of the issuer's common stock.
These shares were sold in order to satisfy the reporting person's tax obligations in respect of shares of the issuer's common stock received upon the exercise of options as noted above.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $15.68 to $15.975 (inclusive) on August 23, 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 ("RSU") 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 RSUs generally vest in equal installments on each of the first three anniversaries of May 4, 2021, subject to postponement of settlement if the vesting occurs during a blackout period or other trading restriction.
These RSUs 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.
These options generally became exercisable in equal installments on each of the first three anniversaries of February 27, 2018.
These restricted stock units vested on May 17, 2017.
These RSUs vested on May 16, 2022.
These RSUs generally vest on the earlier of (i) the date of the annual shareholders meeting of the issuer next following the May 16, 2022 grant date and (ii) the date that is fourteen months after the grant date.
Represents additional RSUs granted in lieu of the right to receive the amount of cash dividends paid on the common stock underlying the previously outstanding RSUs pursuant to the terms of the governing RSU agreements. The number of additional RSUs is calculated by dividing the amount of the dividend by the closing price per share of the issuer's common stock on the dividend payment date.
/s/ Arthur L. Regan
2022-08-24