Form Type: 4

SEC EDGAR Link
Accession Number:0001209191-14-064183
Date:2014-10-17
Issuer: GENCO SHIPPING & TRADING LTD (GNK)
Original Submission Date:

Reporting Person:

STRATEGIC VALUE PARTNERS, LLC
C/O STRATEGIC VALUE PARTNERS, LLC
100 WEST PUTNAM AVENUE GREENWICH, CT 06830

Reporting Person:

SVP SPECIAL SITUATIONS III LLC
C/O STRATEGIC VALUE PARTNERS, LLC
100 WEST PUTNAM AVENUE GREENWICH, CT 06830

Reporting Person:

KHOSLA VICTOR
C/O STRATEGIC VALUE PARTNERS, LLC
100 WEST PUTNAM AVENUE GREENWICH, CT 06830

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
COMMON STOCK 2014-10-17 P 100,000 a $14.50 1,868,917 indirect f1,f2,f3
COMMON STOCK 2014-10-17 0 $0.00 2,753,389 indirect f4
COMMON STOCK 2014-10-17 0 $0.00 365,031 indirect f5
COMMON STOCK 2014-10-17 0 $0.00 2,652,581 indirect f6
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
Footnotes
IDfootnote
f1 the reported securities are held directly by strategic value special situations master fund iii, l.p., and may be deemed to be held indirectly by strategic value partners, llc (""strategic value partners""), svp special situations iii llc (""special situations iii""), as investment manager, and victor khosla (""mr. khosla"" and together with strategic value partners and special situations iii the ""reporting persons""), as the sole member of midwood holdings, llc, the managing member of strategic value partners, in each case as described below.
f2 the filing of this form 4 shall not be construed as an admission that the reporting persons are or were for the purposes of section 16(a) of the securities exchange act of 1934, as amended, or otherwise the beneficial owners of any of the shares of common stock, of genco shipping & trading limited (the "issuer"). pursuant to rule 16a-1, the reporting persons disclaim such beneficial ownership, except to the extent of their pecuniary interest.
f3 special situations iii is the investment manager of, and exercises investment discretion over, strategic value special situations master fund iii, l.p., a cayman islands exempted limited partnership. strategic value partners is the managing member of special situations iii. strategic value partners and special situations iii are both indirectly majority owned and controlled by mr. khosla.
f4 strategic value special situations master fund ii, l.p., a cayman islands exempted partnership ("master fund ii"), holds 2,753,389 shares of common stock of the issuer. strategic value partners is the managing member of svp special situations ii llc ("special situations ii"), the investment manager of master fund ii. strategic value partners and special situations ii are both indirectly majority owned and controlled by mr. khosla.
f5 strategic value special situations offshore fund iii-a, l.p., a cayman islands exempted partnership (the "offshore fund"), holds 365,031 shares of common stock of the issuer. strategic value partners is the managing member of svp special situations iii-a llc ("special situations iii-a"), the investment manager of the offshore fund. strategic value partners and special situations iii-a are both indirectly majority owned and controlled by mr. khosla.
f6 strategic value master fund, ltd., a cayman islands exempted company (the "master fund"), holds 2,652,581 shares of common stock of the issuer. strategic value partners is the investment manager of the master fund. strategic value partners is indirectly majority owned and controlled by mr. khosla.
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