Frank De Costanzo - Nov 4, 2021 Form 4 Insider Report for Eagle Bulk Shipping Inc. (EGLE)

Role
Chief Financial Officer
Signature
/s/ Frank De Costanzo
Stock symbol
EGLE
Transactions as of
Nov 4, 2021
Transactions value $
-$178,898
Form type
4
Date filed
11/5/2021, 04:03 PM
Previous filing
Sep 8, 2021
Next filing
Jan 4, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EGLE Common Stock Options Exercise $1.2M +40K +94.16% $29.96 82.5K Nov 4, 2021 Direct
transaction EGLE Common Stock Tax liability -$1.2M -30.1K -36.55% $39.75 52.3K Nov 4, 2021 Direct F1
transaction EGLE Common Stock Tax liability -$179K -4.5K -8.6% $39.75 47.8K Nov 4, 2021 Direct F2

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 EGLE Employee Stock Option (right to buy) Options Exercise $0 -40K -100% $0.00* 0 Nov 4, 2021 Common Stock 40K $29.96 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the shares of common stock withheld to satisfy the exercise price for the option to purchase common stock based on the share price of $39.75 on November 4, 2021.
F2 Represents the shares of common stock withheld to satisfy the tax withholding obligations upon exercise of option to purchase common stock based on a share price of $39.75 on November 4, 2021.
F3 The option, representing a right to purchase a total of 40,000 shares of common stock, became exercisable in four substantially equal installments on November 7, 2017, November 7, 2018, November 7, 2019 and November 7, 2020.