Form Type: 4

SEC EDGAR Link
Acccession Number:0000950142-19-001629
Date:2019-07-29
Issuer: EAGLE BULK SHIPPING INC. (EGLE)
Original Submission Date:

Reporting Person:

OAKTREE CAPITAL GROUP HOLDINGS GP, LLC
333 SOUTH GRAND AVENUE
28TH FLOOR LOS ANGELES, CA 90071

Reporting Person:

OAKTREE CAPITAL MANAGEMENT LP
333 SOUTH GRAND AVENUE
28TH FLOOR LOS ANGELES, CA 90071

Reporting Person:

OAKTREE HOLDINGS, INC.
333 SOUTH GRAND AVENUE
28TH FLOOR LOS ANGELES, CA 90071

Reporting Person:

OAKTREE CAPITAL GROUP, LLC
333 SOUTH GRAND AVENUE
28TH FLOOR LOS ANGELES, CA 90071

Reporting Person:

OCM OPPS EB HOLDINGS LTD.
333 SOUTH GRAND AVENUE
28TH FLOOR LOS ANGELES, CA 90071

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, PAR VALUE $0.01 PER SHARE ("COMMON STOCK") 2019-07-29 P 150,000 a $4.62 28,294,085 indirect f2,f3,f4,f5
COMMON STOCK 2019-07-30 P 500,000 a $4.54 28,794,085 indirect f2,f3,f4,f5
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 price in column 4 is a weighted average price. on july 29, 2019, 150,000 shares were purchased in multiple transactions, at prices ranging from $4.55 to $4.65, inclusive. on july 30, 2019, 500,000 shares were purchased in multiple transactions, at prices ranging from $4.45 to $4.64, inclusive.
f2 this form 4 is being filed by ocm opps eb holdings, ltd ("eb holdings") with respect to (i) the 28,794,085 shares of the issuer's common stock, par value 0.01 per share ("common stock"), that may be deemed to be beneficially owned by the reporting persons (as defined below) and (ii) the 364 warrants exercisable for shares of common stock (the "warrants"), all of which are directly owned by eb holdings. this form 4 is also being filed by each of (i) oaktree capital management, l.p. ("management") as the sole director of ebholdings; (ii) oaktree holdings, inc. ("holdings, inc.") as the general partner of management; (iii) oaktree capital group, llc ("ocg") asthe sole shareholder of holdings, inc.; and (iv) oaktree capital group holdings gp, llc ("ocgh gp", and, together with eb holdings,management, holdings, inc. and ocg, the "reporting persons" and each a "reporting person") as the duly elected manager of ocg.
f3 each reporting person disclaims beneficial ownership of the common stock reported herein except to the extent of their respective pecuniary interest therein and the filing of this form 4 shall not be construed as an admission that any such reporting person is the beneficial owner of any common stock covered by this form 4.
f4 the members of ocgh gp are howard s. marks, bruce a. karsh, jay s. wintrob, john b. frank and sheldon m. stone, who, by virtue of their membership interests in ocgh gp, may be deemed to share voting and dispositive power with respect to the shares of common stock held by eb holdings. each of the general partners, managing members, directors and managers described above disclaims beneficial ownership of any shares of common stock beneficially or of record owned by the reporting persons, except to the extent of any pecuniary interest therein.
f5 common stock held directly by eb holdings.

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