Form Type: 4

SEC EDGAR Link
Accession Number:0001140361-21-006293
Date:2021-02-23
Issuer: GENCO SHIPPING & TRADING LTD (GNK)
Original Submission Date:

Reporting Person:

ADAMO JOSEPH
C/O GENCO SHIPPING & TRADING LIMITED
299 PARK AVENUE, 12TH FLOOR NEW YORK, NY 10171

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 2021-02-23 0 $0.00 1,080 direct
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
RESTRICTED STOCK UNITS 0.0 2021-02-23 deemed execution date A 2,018 (a) common stock 2,018 $0.00 2,018 direct
OPTION 9.91 2021-02-23 deemed execution date A 2,309 (a) 2022-02-23 2027-02-23 common stock 2,309 $9.91 2,309 direct
RESTRICTED STOCK UNITS 0.0 deemed execution date 0 ( ) common stock 2,833 $0.00 2,833 direct
OPTION 7.06 deemed execution date 0 ( ) 2021-02-25 2026-02-25 common stock 5,618 $7.06 5,618 direct
RESTRICTED STOCK UNITS 0.0 deemed execution date 0 ( ) common stock 1,788 $0.00 1,788 direct
OPTION 8.065 deemed execution date 0 ( ) 2020-03-04 2025-03-04 common stock 4,054 $8.07 4,054 direct
WARRANT 195.15 deemed execution date 0 ( ) 2014-07-09 2021-07-09 common stock 308 $195.15 2,857 direct
Footnotes
IDfootnote
f1 each restricted stock unit represents the right to receive one share of the issuer's common stock, or in the sole discretion of the issuer's compensation committee, the value of a share of common stock on the date that the restricted stock unit vests.
f2 these restricted stock units generally vest in equal installments on each of the first three anniversaries of february 23, 2021, subject to postponement of settlement if the vesting occurs during a blackout period or other trading restriction.
f3 these options generally become exercisable in equal installments on each of the first three anniversaries of february 23, 2021.
f4 these restricted stock units generally vest in equal installments on each of the first three anniversaries of february 25, 2020, subject to postponement of settlement if the vesting occurs during a blackout period or other trading restriction.
f5 these options generally become exercisable in equal installments on each of the first three anniversaries of february 25, 2020.
f6 these restricted stock units generally vest in equal installments on each of the first three anniversaries of march 4, 2019, subject to postponement of settlement if the vesting occurs during a blackout period or other trading restriction.
f7 these options generally become exercisable in equal installments on each of the first three anniversaries of march 4, 2019.
f8 per the terms of these warrants, the exercise price was adjusted from $200.10989 to $195.14966 and the number of shares for which each warrant is exercisable was adjusted from 0.105 shares to 0.108 shares per the terms of the warrant as a result of dividends of $0.175 per share paid on march 16, 2020.
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