Arthur L. Regan - 16 May 2022 Form 4 Insider Report for GENCO SHIPPING & TRADING LTD (GNK)

Role: Director
Signature: /s/ Arthur L. Regan
Issuer symbol: GNK
Transactions as of: 16 May 2022
Net transactions value: $0
Form type: 4
Filing time: 18 May 2022, 17:30:56 UTC
Previous filing: 06 May 2022
Next filing: 25 May 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	GNK	Common Stock						51,894	16 May 2022	Direct

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	Award	$0	-4,555	-50%	$0.000000	4,555	16 May 2022	Common Stock	4,555		Direct	F1, F9
holding	GNK	Restricted Stock Units						12,286	16 May 2022	Common Stock	12,286		Direct	F1, F2
holding	GNK	Restricted Stock Units						9,443	16 May 2022	Common Stock	9,443		Direct	F1, F3
holding	GNK	Option						58,180	16 May 2022	Common Stock	58,180	$7.06	Direct	F4
holding	GNK	Option						43,919	16 May 2022	Common Stock	43,919	$8.06	Direct	F5
holding	GNK	Option						26,914	16 May 2022	Common Stock	26,914	$13.36	Direct	F6
holding	GNK	Restricted Stock Units						16,666	16 May 2022	Common Stock	16,666		Direct	F1, F7
holding	GNK	Restricted Stock Units						5,826	16 May 2022	Common Stock	5,826		Direct	F1, F8

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each restricted stock unit ("RSU") 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 RSUs 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.
F3	These RSUs 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.
F4	These options generally become exercisable in equal installments on each of the first three anniversaries of February 25, 2020.
F5	These options generally become exercisable in equal installments on each of the first three anniversaries of March 4, 2019.
F6	These options generally became exercisable in equal installments on each of the first three anniversaries of February 27, 2018.
F7	These restricted stock units vested on May 17, 2017.
F8	These RSUs vested on May 16, 2022.
F9	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.