Accession Number: | 0001140361-21-006293 |
Date: | 2021-02-23 |
Issuer: | GENCO SHIPPING & TRADING LTD (GNK) |
Original Submission Date: |
ADAMO JOSEPH
C/O GENCO SHIPPING & TRADING LIMITED
299 PARK AVENUE, 12TH FLOOR
NEW YORK, NY 10171
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 | 2021-02-23 | 0 | $0.00 | 1,080 | direct |
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 |
---|---|---|---|---|---|---|---|---|---|---|---|---|
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 |
ID | footnote |
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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. |