Gary Vogel - 02 Dec 2021 Form 4 Insider Report for Eagle Bulk Shipping Inc.

Role
Chief Executive Officer, Director
Signature
/s/ Gary Vogel
Issuer symbol
N/A
Transactions as of
02 Dec 2021
Net transactions value
-$293,398
Form type
4
Filing time
06 Dec 2021, 16:17:58 UTC
Previous filing
12 Nov 2021
Next filing
14 Dec 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EGLE Common Stock Options Exercise $898,800 +30,000 +18% $29.96 199,234 02 Dec 2021 Direct
transaction EGLE Common Stock Tax liability $898,793 -21,970 -11% $40.91 177,264 02 Dec 2021 Direct F1
transaction EGLE Common Stock Tax liability $156,399 -3,823 -2.2% $40.91 173,441 02 Dec 2021 Direct F2
transaction EGLE Common Stock Options Exercise $749,000 +25,000 +14% $29.96 198,441 06 Dec 2021 Direct
transaction EGLE Common Stock Tax liability $748,990 -18,061 -9.1% $41.47 180,380 06 Dec 2021 Direct F3
transaction EGLE Common Stock Tax liability $137,017 -3,304 -1.8% $41.47 177,076 06 Dec 2021 Direct F4

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 -30,000 -23% $0.000000 100,000 02 Dec 2021 Common Stock 30,000 $29.96 Direct F5
transaction EGLE Employee Stock Option (right to buy) Options Exercise $0 -25,000 -25% $0.000000 75,000 06 Dec 2021 Common Stock 25,000 $29.96 Direct F5
* 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 closing share price of $40.91 on December 2, 2021.
F2 Represents the shares of common stock withheld to satisfy the tax obligations upon exercise of option to purchase common stock based on the closing share price of $40.91 on December 2, 2021.
F3 Represents the shares of common stock withheld to satisfy the exercise price for the option to purchase common stock based on the closing share price of $41.47 on December 6, 2021.
F4 Represents the shares of common stock withheld to satisfy the tax obligations upon exercise of option to purchase common stock based on the closing share price of $41.47 on December 6, 2021.
F5 The option, representing a right to purchase a total of 180,925 shares of common stock, became exercisable in four substantially equal installments on January 1, 2017, September 1, 2017, September 1, 2018 and September 1, 2019.