Constantine Tsoutsoplides - Apr 9, 2024 Form 4 Insider Report for Eagle Bulk Shipping Inc. (EGLE)

Role
Chief Financial Officer
Signature
/s/ Constantine Tsoutsoplides
Stock symbol
EGLE
Transactions as of
Apr 9, 2024
Transactions value $
$0
Form type
4
Date filed
4/11/2024, 04:17 PM
Previous filing
Feb 27, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EGLE Common Stock Disposed to Issuer -10.1K -100% 0 Apr 9, 2024 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 EGLE Restricted Stock Units Disposed to Issuer -1.98K -100% 0 Apr 9, 2024 Common Stock 1.98K Direct F2
transaction EGLE Restricted Stock Units Award $0 +1.64K $0.00 1.64K Apr 9, 2024 Common Stock 1.64K Direct F3
transaction EGLE Restricted Stock Units Disposed to Issuer -1.64K -100% 0 Apr 9, 2024 Common Stock 1.64K Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Constantine Tsoutsoplides is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Disposed of in exchange for 26,543 common shares of Star Bulk Carriers Corp. ("Star Bulk") and cash in lieu of fractional shares in connection with the closing of the merger of Eagle Bulk Shipping Inc. (the "Issuer") and Star Bulk pursuant to that certain Agreement and Plan of Merger dated December 11, 2023, by and among the Issuer, Star Bulk and Star Infinity Corp. (the "Merger Agreement").
F2 This award of performance-based restricted stock units was granted on April 1, 2023 and certain performance criteria were certified on February 24, 2024. The unvested restricted stock units subject to this award were cancelled and converted into 5,188 restricted stock units of Star Bulk in connection with the closing of the merger of the Issuer and Star Bulk pursuant to the Merger Agreement.
F3 On April 9, 2024, in connection with the closing of the merger of the Issuer and Star Bulk pursuant to the Merger Agreement, certain performance criteria for the performance-based restricted stock units granted under the Issuer's 2016 Equity Incentive Plan to Constantine Tsoutsoplides, the Issuer's Chief Financial Officer, on April 1, 2023 had been met and 1,636 restricted stock units may become vested.
F4 This award of performance-based restricted stock units was granted on April 1, 2023 and certain performance criteria were met on April 9, 2024. The unvested restricted stock units subject to this award were cancelled and converted into 4,290 restricted stock units of Star Bulk in connection with the closing of the merger of the Issuer and Star Bulk pursuant to the Merger Agreement.