Constantine Tsoutsoplides - 09 Apr 2024 Form 4 Insider Report for Eagle Bulk Shipping Inc.

Source evidence Original filing metadata and source links for verification. 4 source fields
SEC form
4
Accepted by SEC
11 Apr 2024, 16:17:07 UTC
Prior SEC filing
27 Feb 2024
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Constantine Tsoutsoplides

Key filing fact

Constantine Tsoutsoplides filed Form 4 for Eagle Bulk Shipping Inc. on 11 Apr 2024.

Key facts

  • This page summarizes Constantine Tsoutsoplides's Form 4 filing for Eagle Bulk Shipping Inc..
  • 4 reported transactions and 3 derivative rows are listed below.
  • Accepted by SEC: 11 Apr 2024, 16:17.

Change

  • Previous filing in this sequence was filed on 27 Feb 2024.
  • Current net transaction value: $0.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

EGLE transaction

Common Stock

Disposed to Issuer

Transaction value
Shares
-10,127
Change %
-100%
Price
Shares after
0
Date
09 Apr 2024
Ownership
Direct
Footnotes
F1

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

EGLE transaction Derivative

Restricted Stock Units

Disposed to Issuer

Transaction value
Shares
-1,979
Change %
-100%
Price
Shares after
0
Date
09 Apr 2024
Ownership
Direct
Underlying class
Common Stock
Underlying amount
1,979
Exercise price
Footnotes
F2
EGLE transaction Derivative

Restricted Stock Units

Award

Transaction value
$0
Shares
+1,636
Change %
Price
$0.000000
Shares after
1,636
Date
09 Apr 2024
Ownership
Direct
Underlying class
Common Stock
Underlying amount
1,636
Exercise price
Footnotes
F3
EGLE transaction Derivative

Restricted Stock Units

Disposed to Issuer

Transaction value
Shares
-1,636
Change %
-100%
Price
Shares after
0
Date
09 Apr 2024
Ownership
Direct
Underlying class
Common Stock
Underlying amount
1,636
Exercise price
Footnotes
F4
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Constantine Tsoutsoplides is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 4 footnotes

Footnote 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").

Footnote 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.

Footnote 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.

Footnote 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.

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