Form 4 for GNK GENCO SHIPPING & TRADING LTD
Accepted 2022-05-25 00:00:00 ET · period of report 2022-05-23 · accession 0001140361-22-020644 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2022-05-25 | 2022-05-23 | GNK | WOBENSMITH JOHN C | CEO, Pres, Sec, Dir | S - Sale+OE | $25.14 | -100.0K | 399.1K | -20% | -$2.51M |
| DM | 2022-05-25 | 2022-05-23 | GNK | WOBENSMITH JOHN C | CEO, Pres, Sec, Dir | F - Tax | $25.46 | -67.3K | 499.1K | -12% | -$1.71M |
| DM | 2022-05-25 | 2022-05-23 | GNK | WOBENSMITH JOHN C | CEO, Pres, Sec, Dir | M - OptEx | $10.25 | +167.3K | 532.1K | +46% | +$1.71M |
| DM | 2022-05-25 | 2022-05-23 | GNK | WOBENSMITH JOHN C | CEO, Pres, Sec, Dir | M - OptEx | $0.00 | -167.3K | 100.8K | -62% | $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 | 2022-05-23 | S | D | 100,000 | $25.14 | 399,099 | D | — | — | (F3) A portion of these shares were sold in order to satisfy the reporting person's tax obligations for shares of common stock of the issuer that the reporting person received from the exercise of stock options on May 23, 2022. (F4) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $25.00 to $25.45 (inclusive) on May 23, 2022. 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. |
| 2 | Common | Common Stock | 2022-05-23 | F | D | 56,444 | $25.46 | 475,655 | D | — | — | (F1) Represents shares withheld by the issuer for the cashless exercise of options for 133,000 shares of the issuer's common stock. |
| 3 | Common | Common Stock | 2022-05-23 | M | A | 34,313 | $8.07 | 509,968 | D | — | — | |
| 4 | Common | Common Stock | 2022-05-23 | F | D | 10,869 | $25.46 | 499,099 | D | — | — | (F2) Represents shares withheld by the issuer for the cashless exercise of options for 34,313 shares of the issuer's common stock. |
| 5 | Common | Common Stock | 2022-05-23 | M | A | 133,000 | $10.81 | 532,099 | D | — | — | |
| 6 | Derivative | Option | 2022-05-23 | M | D | 133,000 | $0.00 | 0 | D | $10.81 · 2017-10-15 to 2023-03-23 | 133,000 Common Stock | (F12) These options generally became exercisable in equal installments on each of the first three anniversaries of October 15, 2016. |
| 7 | Derivative | Option | 2022-05-23 | M | D | 34,313 | $0.00 | 100,822 | D | $8.07 · 2020-03-04 to 2025-03-04 | 34,313 Common Stock | (F11) These options generally become exercisable in equal installments on each of the first three anniversaries of March 4, 2019. |