X0306 4 2015-07-17 1 0001474042 Baltic Trading Ltd BALT 0001185925 TERINO EDWARD C/O BALTIC TRADING LIMITED 299 PARK AVENUE, 12TH FLOOR NEW YORK NY 10171 0 0 0 1 Former Director Common Stock 2015-07-17 4 D 0 34205 D 0 D On July 17, 2015 (the "Effective Date"), Poseidon Merger Sub Limited ("Merger Sub"), a Marshall Islands corporation and wholly owned subsidiary of Genco Shipping & Trading Limited ("Genco"), a Marshall Islands corporation, merged (the "Merger") with and into Baltic Trading Limited ("Baltic Trading") with Baltic Trading surviving the Merger as a wholly owned subsidiary of Genco pursuant to that certain Agreement and Plan of Merger, dated as of April 7, 2015, as amended (the "Merger Agreement") by and among Merger Sub, Genco and Baltic Trading. Each of these shares was cancelled on the Effective Date pursuant to the Merger Agreement in exchange for the right to receive 0.216 shares of Genco common stock. In connection with the Merger, Mr. Terino ceased to be a director of Baltic Trading. /s/ Edward Terino 2015-07-21