Gary Vogel - Jun 22, 2021 Form 4 Insider Report for Eagle Bulk Shipping Inc. (EGLE)

Role: Chief Executive Officer, Director
Signature: /s/ Gary Vogel
Stock symbol: EGLE
Transactions as of: Jun 22, 2021
Transactions value $: -$1,097,850
Form type: 4
Date filed: 6/24/2021, 04:13 PM
Next filing: Sep 8, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	EGLE	Common Stock	Sale	-$252K	-4.91K	-2.89%	$51.40	165K	Jun 22, 2021	Direct	F1, F2
transaction	EGLE	Common Stock	Sale	-$531K	-10.1K	-6.16%	$52.35	155K	Jun 22, 2021	Direct	F1, F3
transaction	EGLE	Common Stock	Sale	-$84.8K	-1.6K	-1.04%	$52.98	153K	Jun 22, 2021	Direct	F1, F4
transaction	EGLE	Common Stock	Sale	-$21K	-400	-0.26%	$52.48	153K	Jun 23, 2021	Direct	F1, F5
transaction	EGLE	Common Stock	Sale	-$50.2K	-943	-0.62%	$53.27	152K	Jun 23, 2021	Direct	F1, F6
transaction	EGLE	Common Stock	Options Exercise	$449K	+15K	+9.9%	$29.96	167K	Jun 23, 2021	Direct
transaction	EGLE	Common Stock	Tax liability	-$449K	-8.46K	-5.08%	$53.10	158K	Jun 23, 2021	Direct	F7
transaction	EGLE	Common Stock	Tax liability	-$159K	-2.99K	-1.89%	$53.10	155K	Jun 23, 2021	Direct	F8

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	Employee Stock Option (right to buy)	Options Exercise	$0	-15K	-8.29%	$0.00	166K	Jun 23, 2021	Common Stock	15K	$29.96	Direct	F9

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan previously adopted by the reporting person.
F2	Represents a weighted average sales price per share. The shares were sold in multiple tranches at prices ranging from $50.86 to $51.81. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer 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 range set forth in this footnote.
F3	Represents a weighted average sales price per share. These shares were sold in multiple tranches at prices ranging from $51.90 to $52.84. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer 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 range set forth in this footnote.
F4	Represents a weighted average sales price per share. These shares were sold in multiple tranches at prices ranging from $52.92 to $53.13. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer 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 range set forth in this footnote.
F5	Represents a weighted average sales price per share. These shares were sold in multiple tranches at prices ranging from $52.07 to $53.06. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer 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 range set forth in this footnote.
F6	Represents a weighted average sales price per share. These shares were sold in multiple tranches at prices ranging from $53.11 to $53.54. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer 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 range set forth in this footnote.
F7	Represents the shares of common stock withheld to satisfy the exercise price for the option to purchase common stock based on the closing share price of $53.10 on June 23, 2021.
F8	Represents the shares of common stock withheld to satisfy tax withholding obligations upon exercise of the option to purchase common stock based on a closing share price of $53.10 on June 23, 2021.
F9	The option, representing a right to purchase a total of 180,925 shares of common stock, became exercisable in four substantially equal installments on January 1, 2017, September 1, 2017, September 1, 2018 and September 1, 2019.