Gary Vogel - Feb 1, 2022 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
Feb 1, 2022
Transactions value $
-$54,526
Form type
4
Date filed
2/3/2022, 03:50 PM
Previous filing
Jan 4, 2022
Next filing
Feb 14, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EGLE Common Stock Options Exercise $542K +13.9K +7.54% $38.92 199K Feb 1, 2022 Direct
transaction EGLE Common Stock Tax liability -$542K -11.5K -5.79% $47.14 187K Feb 1, 2022 Direct F1
transaction EGLE Common Stock Tax liability -$54.5K -1.16K -0.62% $47.14 186K Feb 1, 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 EGLE Option (right to buy) Options Exercise $0 -13.9K -41.05% $0.00 20K Feb 1, 2022 Common Stock 13.9K $38.92 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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 $47.14 on February 1, 2022.
F2 Represents the shares of common stock withheld to satisfy the tax obligations upon exercise of option to purchase common stock based on the closing share price of $47.14 on February 1, 2022.
F3 The option, representing a right to purchase a total of 33,928 shares of common stock, became exercisable in four substantially equal installments on March 1, 2018, March 1, 2019, March 1, 2020 and March 1, 2021. The Options issued to Mr. Vogel described above were granted pursuant to the Eagle Bulk Shipping Inc. 2016 Equity Incentive Plan and the Option Award Agreement.