Form Type: 4

SEC EDGAR Link
Accession Number:0001140361-21-007569
Date:2021-03-04
Issuer: GENCO SHIPPING & TRADING LTD (GNK)
Original Submission Date:

Reporting Person:

ZAFOLIAS APOSTOLOS
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 2021-03-04 S 1,430 d $11.02 9,025 direct
COMMON STOCK 2021-03-04 M 2,980 a $0.00 10,455 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 deemed execution date 0 ( ) common stock 10,091 $0.00 10,091 direct
OPTION 9.91 deemed execution date 0 ( ) 2021-02-25 2026-02-25 common stock 11,547 $9.91 11,547 direct
RESTRICTED STOCK UNITS 0.0 deemed execution date 0 ( ) common stock 9,443 $0.00 9,443 direct
OPTION 7.06 deemed execution date 0 ( ) 2021-02-25 2026-02-25 common stock 28,090 $7.06 28,090 direct
OPTION 8.065 deemed execution date 0 ( ) 2020-03-04 2025-03-04 common stock 20,270 $8.07 20,270 direct
OPTION 13.365 deemed execution date 0 ( ) 2019-02-27 2024-02-27 common stock 11,962 $13.37 11,962 direct
WARRANT 195.15 deemed execution date 0 ( ) 2014-07-09 2021-07-09 common stock 205 $195.15 1,902 direct
RESTRICTED STOCK UNITS 0.0 2021-03-04 deemed execution date M 2,980 (d) common stock 2,980 $0.00 2,980 direct
Footnotes
IDfootnote
f1 the reporting person became entitled to receive shares of common stock in settlement of restricted stock units upon their vesting.
f2 these shares were sold under instructions given in accordance with rule 10b5-1 under the securities exchange act of 1934, as amended, in order to satisfy the reporting person's tax obligations for restricted stock units that vested on march 4, 2021.
f3 the price reported in column 4 is a weighted average price. these shares were sold in multiple transactions at prices ranging from $10.82 to $11.59 (inclusive) on march 4, 2021. the reporting person undertakes to provide to genco shipping & trading limited, 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 ranges set forth in this footnote.
f4 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.
f5 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.
f6 these options generally become exercisable in equal installments on each of the first three anniversaries of february 23, 2021.
f7 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.
f8 these options generally become exercisable in equal installments on each of the first three anniversaries of february 25, 2020.
f9 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.
f10 these options generally become exercisable in equal installments on each of the first three anniversaries of march 4, 2019.
f11 these options generally became exercisable in equal installments on each of the first three anniversaries of february 27, 2018.

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