Accession Number: | 0001209191-14-064183 |
Date: | 2014-10-17 |
Issuer: | GENCO SHIPPING & TRADING LTD (GNK) |
Original Submission Date: |
STRATEGIC VALUE PARTNERS, LLC
C/O STRATEGIC VALUE PARTNERS, LLC
100 WEST PUTNAM AVENUE
GREENWICH, CT 06830
SVP SPECIAL SITUATIONS III LLC
C/O STRATEGIC VALUE PARTNERS, LLC
100 WEST PUTNAM AVENUE
GREENWICH, CT 06830
KHOSLA VICTOR
C/O STRATEGIC VALUE PARTNERS, LLC
100 WEST PUTNAM AVENUE
GREENWICH, CT 06830
Title of Security | Transaction Date | 2a. Deemed Execution Date | Transaction Code | Shares | Acquired or Disposed | Price per share | 5. Amount of Securities Beneficially Owned Following Reported Transaction | 6. Ownership Form Direct or Indirect | Nature 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 |
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 Exercisable | Expiration 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 |
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ID | footnote |
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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. |