Gary Vogel - 01 Feb 2022 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
01 Feb 2022
Net transactions value
-$54,526
Form type
4
Filing time
03 Feb 2022, 15:50:19 UTC
Previous filing
04 Jan 2022
Next filing
14 Feb 2022
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 $542,078 +13,928 +7.5% $38.92 198,644 01 Feb 2022 Direct
transaction EGLE Common Stock Tax liability $542,063 -11,499 -5.8% $47.14 187,145 01 Feb 2022 Direct F1
transaction EGLE Common Stock Tax liability $54,541 -1,157 -0.62% $47.14 185,988 01 Feb 2022 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 Option (right to buy) Options Exercise $0 -13,928 -41% $0.000000 20,000 01 Feb 2022 Common Stock 13,928 $38.92 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 closing share price of $47.14 on February 1, 2022.
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 $47.14 on February 1, 2022.
F3 The option, representing a right to purchase a total of 33,928 shares of common stock, became exercisable in four substantially equal installments on March 1, 2018, March 1, 2019, March 1, 2020 and March 1, 2021. The Options issued to Mr. Vogel described above were granted pursuant to the Eagle Bulk Shipping Inc. 2016 Equity Incentive Plan and the Option Award Agreement.