Joseph Adamo - Feb 23, 2022 Form 4 Insider Report for GENCO SHIPPING & TRADING LTD (GNK)

Role
Chief Accounting Officer
Signature
/s/ Joseph Adamo
Stock symbol
GNK
Transactions as of
Feb 23, 2022
Transactions value $
-$12,758
Form type
4
Date filed
2/25/2022, 08:30 PM
Previous filing
Sep 17, 2021
Next filing
Mar 4, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GNK Common Stock Options Exercise +672 +16.99% 4.63K Feb 25, 2022 Direct F1
transaction GNK Common Stock Options Exercise +944 +20.4% 5.57K Feb 25, 2022 Direct F1
transaction GNK Common Stock Sale -$12.8K -645 -11.58% $19.78 4.93K Feb 25, 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 GNK Restricted Stock Units Award $0 +7.67K $0.00 7.67K Feb 23, 2022 Common Stock 7.67K Direct F3, F4
transaction GNK Restricted Stock Units Options Exercise $0 -672 -33.3% $0.00 1.35K Feb 25, 2022 Common Stock 672 Direct F1, F3, F5
transaction GNK Restricted Stock Units Options Exercise $0 -944 -49.97% $0.00 945 Feb 25, 2022 Common Stock 944 Direct F1, F3, F7
holding GNK Option 2.31K Feb 23, 2022 Common Stock 2.31K $9.91 Direct F6
holding GNK Option 3.75K Feb 23, 2022 Common Stock 3.75K $7.06 Direct F8
holding GNK Restricted Stock Units 596 Feb 23, 2022 Common Stock 596 Direct F3, F9
holding GNK Option 1.35K Feb 23, 2022 Common Stock 1.35K $8.07 Direct F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person became entitled to receive shares of common stock in settlement of restricted stock units upon their vesting.
F2 These shares were in order to satisfy the reporting person's tax obligations for restricted stock units that settled on February 25, 2022.
F3 Each restricted stock unit represents the right to receive one share of the issuer's common stock, or in the sole discretion of the issuer's Compensation Committee, the value of a share of common stock on the date that the restricted stock unit vests.
F4 These restricted stock units generally vest in equal installments on each of the first five anniversaries of February 23, 2022, subject to postponement of settlement if the vesting occurs during a blackout period or other trading restriction.
F5 These restricted stock units generally vest in equal installments on each of the first three anniversaries of February 23, 2021, subject to postponement of settlement if the vesting occurs during a blackout period or other trading restriction.
F6 These options generally become exercisable in equal installments on each of the first three anniversaries of February 23, 2021.
F7 These restricted stock units generally vest in equal installments on each of the first three anniversaries of February 25, 2020, subject to postponement of settlement if the vesting occurs during a blackout period or other trading restriction.
F8 These options generally become exercisable in equal installments on each of the first three anniversaries of February 25, 2020.
F9 These restricted stock units generally vest in equal installments on each of the first three anniversaries of March 4, 2019, subject to postponement of settlement if the vesting occurs during a blackout period or other trading restriction.
F10 These options generally become exercisable in equal installments on each of the first three anniversaries of March 4, 2019.