Accession Number: | 0001104659-21-003587 |
Date: | 2021-01-08 |
Issuer: | GENCO SHIPPING & TRADING LTD (GNK) |
Original Submission Date: |
STRATEGIC VALUE PARTNERS, LLC
100 WEST PUTNAM AVENUE
GREENWICH, CT 06830
SVP SPECIAL SITUATIONS II LLC
100 WEST PUTNAM AVENUE
GREENWICH, CT 06830
SVP SPECIAL SITUATIONS III LLC
100 WEST PUTNAM AVENUE
GREENWICH, CT 06830
SVP SPECIAL SITUATIONS III-A LLC
100 WEST PUTNAM AVENUE
GREENWICH, CT 06830
KHOSLA VICTOR
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 | 2021-01-08 | S | 251,571 | d | $8.58 | 2,043,868 | indirect | f4,f5,f6 | |
COMMON STOCK | 2021-01-08 | S | 257,827 | d | $8.58 | 2,094,698 | indirect | f4,f5,f7 | |
COMMON STOCK | 2021-01-08 | S | 222,737 | d | $8.58 | 1,809,612 | indirect | f4,f5,f8 | |
COMMON STOCK | 2021-01-08 | S | 63,306 | d | $8.58 | 514,329 | indirect | f4,f5,f9 | |
COMMON STOCK | 2021-01-11 | S | 538,575 | d | $8.31 | 1,792,297 | indirect | f4,f5,f6 | |
COMMON STOCK | 2021-01-11 | S | 551,969 | d | $8.31 | 1,836,871 | indirect | f4,f5,f7 | |
COMMON STOCK | 2021-01-11 | S | 476,847 | d | $8.31 | 1,586,875 | indirect | f4,f5,f8 | |
COMMON STOCK | 2021-01-11 | S | 135,530 | d | $8.31 | 451,023 | indirect | f4,f5,f9 | |
COMMON STOCK | 2021-01-12 | S | 1,392,738 | d | $8.12 | 399,559 | indirect | f4,f5,f6 | |
COMMON STOCK | 2021-01-12 | S | 1,427,375 | d | $8.12 | 409,496 | indirect | f4,f5,f7 | |
COMMON STOCK | 2021-01-12 | S | 1,233,111 | d | $8.12 | 353,764 | indirect | f4,f5,f8 | |
COMMON STOCK | 2021-01-12 | S | 350,476 | d | $8.12 | 100,547 | indirect | f4,f5,f9 |
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 price reported in column 4 is a weighted average price. these shares were sold in multiple transactions at prices ranging from $8.50 to $8.88, inclusive. the reporting person undertakes to provide to the issuer, any security holder of the issuer, 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 range. |
f2 | the price reported in column 4 is a weighted average price. these shares were sold in multiple transactions at prices ranging from $8.25 to $8.58, inclusive. the reporting person undertakes to provide to the issuer, any security holder of the issuer, 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 range. |
f3 | the price reported in column 4 is a weighted average price. these shares were sold in multiple transactions at prices ranging from $8.05 to $8.40, inclusive. the reporting person undertakes to provide to the issuer, any security holder of the issuer, 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 range. |
f4 | the reported securities are held directly by strategic value master fund, ltd., strategic value special situations master fund ii, l.p., strategic value special situations master fund iii, l.p. and strategic value opportunities fund, l.p., and may be deemed to be held indirectly by strategic value partners, llc ("strategic value partners"), svp special situations ii llc ("special situations ii"), svp special situations iii llc ("special situations iii"), svp special situations iii-a llc ("special situations iii-a"), each as investment manager, and victor khosla ("mr. khosla" and together with strategic value partners, special situations ii, special situations iii and special situations iii-a, the "reporting persons"), as the sole member of midwood holdings, llc, the managing member of strategic value partners, in each case as described below. |
f5 | 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 securities reported herein. the reporting persons disclaim such beneficial ownership, except to the extent of their pecuniary interest. |
f6 | held directly by strategic value master fund, ltd., a cayman islands exempted company. strategic value partners is the investment manager of, and exercises investment discretion over strategic value master fund, ltd. strategic value partners is indirectly majority owned and controlled by mr. khosla. |
f7 | held directly by strategic value special situations master fund ii, l.p., a cayman islands exempted limited partnership. special situations ii is the investment manager of, and exercises investment discretion over strategic value special situations master fund ii, l.p. strategic value partners is the managing member of special situations ii. strategic value partners and special situations ii are both indirectly majority owned and controlled by mr. khosla. |
f8 | held directly by strategic value special situations master fund iii, l.p., a cayman islands exempted limited partnership. special situations iii is the investment manager of, and exercises investment discretion over strategic value special situations master fund iii, l.p. 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. |
f9 | held directly by strategic value opportunities fund, l.p., a cayman islands exempted limited partnership. special situations iii-a is the investment manager of, and exercises investment discretion over strategic value opportunities fund, l.p. strategic value partners is the managing member of special situations iii-a. strategic value partners and special situations iii-a are both indirectly majority owned and controlled by mr. khosla. |