Arthur L. Regan - Feb 25, 2022 Form 4 Insider Report for GENCO SHIPPING & TRADING LTD (GNK)

Role
Director
Signature
/s/ Arthur L. Regan
Stock symbol
GNK
Transactions as of
Feb 25, 2022
Transactions value $
$0
Form type
4
Date filed
2/25/2022, 08:30 PM
Previous filing
Nov 24, 2021
Next filing
Mar 4, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GNK Common Stock Options Exercise +9.44K +31.63% 39.3K Feb 25, 2022 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction GNK Restricted Stock Units Options Exercise $0 +9.44K $0.00 9.44K Feb 25, 2022 Common Stock 9.44K Direct F1, F2, F4
holding GNK Restricted Stock Units 18.4K Feb 25, 2022 Common Stock 18.4K Direct F2, F3
holding GNK Option 58.2K Feb 25, 2022 Common Stock 58.2K $7.06 Direct F5
holding GNK Restricted Stock Units 6.46K Feb 25, 2022 Common Stock 6.46K Direct F2, F6
holding GNK Option 43.9K Feb 25, 2022 Common Stock 43.9K $8.07 Direct F7
holding GNK Option 26.9K Feb 25, 2022 Common Stock 26.9K $13.37 Direct F8
holding GNK Restricted Stock Units 16.7K Feb 25, 2022 Common Stock 16.7K Direct F2, F9
holding GNK Restricted Stock Units 5.64K Feb 25, 2022 Common Stock 5.64K Direct F2, F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person became entitled to receive shares of common stock in settlement of restricted stock units upon their vesting.
F2 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.
F3 These restricted stock units generally vest in equal installments on each of the first three anniversaries of May 4, 2021, subject to postponement of settlement if the vesting occurs during a blackout period or other trading restriction.
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 These options generally became exercisable in equal installments on each of the first three anniversaries of February 27, 2018.
F9 These restricted stock units vested on May 17, 2017.
F10 These RSUs generally vest on the earlier of the date of the annual shareholders' meeting of the issuer next following the date of the grant and (ii) the date that is fourteen months after the date of the grant.