Form 4 for GNK GENCO SHIPPING & TRADING LTD
Accepted 2021-09-17 00:00:00 ET · period of report 2021-09-16 · accession 0001140361-21-031718 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2021-09-17 | 2021-09-16 | GNK | Adamo Joseph | CAO | M - OptEx | $7.66 | +4,574 | 6,075 | +305% | +$35.0K |
| DM | 2021-09-17 | 2021-09-16 | GNK | Adamo Joseph | CAO | S - Sale+OE | $21.35 | -2,739 | 3,955 | -41% | -$58.5K |
| DM | 2021-09-17 | 2021-09-16 | GNK | Adamo Joseph | CAO | M - OptEx | $0.00 | -4,574 | 3,746 | -55% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2021-09-16 | M | A | 1,872 | $7.06 | 3,992 | D | — | — | |
| 2 | Common | Common Stock | 2021-09-16 | S | D | 619 | $21.35 | 3,373 | D | — | — | (F1) Represents shares withheld by the issuer for the cashless exercise of options having an exercise price of $7.06 per share for 1,872 shares of the issuer's common stock. |
| 3 | Common | Common Stock | 2021-09-16 | M | A | 2,702 | $8.07 | 6,075 | D | — | — | |
| 4 | Common | Common Stock | 2021-09-16 | S | D | 1,020 | $21.35 | 5,055 | D | — | — | (F2) Represents shares withheld by the issuer for the cashless exercise of options having an exercise price of $8.065 per share for 2,702 shares of the issuer's common stock. |
| 5 | Common | Common Stock | 2021-09-16 | S | D | 1,100 | $21.34 | 3,955 | D | — | — | (F3) These shares were sold in order to satisfy the reporting person's tax obligations in respect of shares of the issuer's common stock received upon the exercise of options as noted above. (F4) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $21.33 to $21.345 (inclusive) on September 16, 2021. The reporting person undertakes to provide to Genco Shipping & Trading Limited, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote. |
| 6 | Derivative | Option | 2021-09-16 | M | D | 2,702 | $0.00 | 1,352 | D | $8.07 · 2020-03-04 to 2025-03-04 | 2,702 Common Stock | (F11) These options generally become exercisable in equal installments on each of the first three anniversaries of March 4, 2019. |
| 7 | Derivative | Option | 2021-09-16 | M | D | 1,872 | $0.00 | 3,746 | D | $7.06 · 2025-02-02 to 2026-02-25 | 1,872 Common Stock | (F9) These options generally become exercisable in equal installments on each of the first three anniversaries of February 25, 2020. |