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