Gary Vogel - Apr 9, 2024 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
Apr 9, 2024
Transactions value $
$0
Form type
4
Date filed
4/11/2024, 04:18 PM
Previous filing
Feb 27, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EGLE Common Stock Disposed to Issuer -10.8K -7.73% 130K Apr 9, 2024 Direct F1
transaction EGLE Common Stock Disposed to Issuer -130K -100% 0 Apr 9, 2024 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 Restricted Stock Units Disposed to Issuer -3.1K -100% 0 Apr 9, 2024 Common Stock 3.1K Direct F3
transaction EGLE Restricted Stock Units Disposed to Issuer -7.22K -100% 0 Apr 9, 2024 Common Stock 7.22K Direct F4
transaction EGLE Restricted Stock Units Disposed to Issuer -38K -100% 0 Apr 9, 2024 Common Stock 38K Direct F5
transaction EGLE Restricted Stock Units Award $0 +38K $0.00 38K Apr 9, 2024 Common Stock 38K Direct F6
transaction EGLE Restricted Stock Units Disposed to Issuer -38K -100% 0 Apr 9, 2024 Common Stock 38K Direct F7
transaction EGLE Restricted Stock Units Disposed to Issuer -5.66K -100% 0 Apr 9, 2024 Common Stock 5.66K Direct F8
transaction EGLE Restricted Stock Units Disposed to Issuer -5.14K -100% 0 Apr 9, 2024 Common Stock 5.14K Direct F9
transaction EGLE Restricted Stock Units Award $0 +4.25K $0.00 4.25K Apr 9, 2024 Common Stock 4.25K Direct F10
transaction EGLE Restricted Stock Units Disposed to Issuer -4.25K -100% 0 Apr 9, 2024 Common Stock 4.25K Direct F11
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Gary Vogel is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 This award of restricted shares of common stock and performance-based restricted shares of common stock was granted on September 3, 2021 and certain performance criteria were certified on March 11, 2022. The unvested restricted shares of common stock subject to this award were cancelled and converted into 28,433 restricted common shares of Star Bulk Carriers Corp. ("Star Bulk") in connection with the closing of the merger of Eagle Bulk Shipping Inc. (the "Issuer") and Star Bulk pursuant to that certain Agreement and Plan of Merger dated December 11, 2023, by and among the Issuer, Star Bulk and Star Infinity Corp. (the "Merger Agreement").
F2 Disposed of in exchange for 339,466 common shares of Star Bulk and cash in lieu of fractional shares in connection with the closing of the merger of the Issuer and Star Bulk pursuant to the Merger Agreement.
F3 This award was granted on March 11, 2022. The unvested restricted stock units subject to this award were cancelled and converted into 8,126 restricted stock units of Star Bulk in connection with the closing of the merger of the Issuer and Star Bulk pursuant to the Merger Agreement.
F4 This award of performance-based restricted stock units was granted on March 11, 2022 and certain performance criteria were certified on March 8, 2023. The unvested restricted stock units subject to this award were cancelled and converted into 18,925 restricted stock units of Star Bulk in connection with the closing of the merger of the Issuer and Star Bulk pursuant to the Merger Agreement.
F5 This award was granted on November 15, 2022. The unvested restricted stock units subject to this award were cancelled and converted into 99,720 restricted stock units of Star Bulk in connection with the closing of the merger of the Issuer and Star Bulk pursuant to the Merger Agreement.
F6 On April 9, 2024, in connection with the closing of the merger of the Issuer and Star Bulk pursuant to the Merger Agreement, certain performance criteria for the performance-based restricted stock units granted under the Issuer's 2016 Equity Incentive Plan to Gary Vogel, the Issuer's Chief Executive Officer, on November 15, 2022 had been met and 38,045 restricted stock units may become vested.
F7 This award of performance-vested restricted stock units was granted on November 15, 2022 and certain performance criteria were met on April 9, 2024. The unvested restricted stock units subject to this award were cancelled and converted into 99,720 restricted stock units of Star Bulk in connection with the closing of the merger of the Issuer and Star Bulk pursuant to the Merger Agreement.
F8 This award was granted on March 6, 2023. The unvested restricted stock units subject to this award were cancelled and converted into 14,836 restricted stock units of Star Bulk in connection with the closing of the merger of the Issuer and Star Bulk pursuant to the Merger Agreement.
F9 This award of performance-based restricted stock units was granted on March 6, 2023 and certain performance criteria were certified on February 24, 2024. The unvested restricted stock units subject to this award were cancelled and converted into 13,460 restricted stock units of Star Bulk in connection with the closing of the merger of the Issuer and Star Bulk pursuant to the Merger Agreement.
F10 On April 9, 2024, in connection with the closing of the merger of the Issuer and Star Bulk pursuant to the Merger Agreement, certain performance criteria for the performance-based restricted stock units granted under the Issuer's 2016 Equity Incentive Plan to Gary Vogel, the Issuer's Chief Executive Officer, on March 6, 2023 had been met and 4,245 restricted stock units may become vested.
F11 This award of performance-based restricted stock units was granted on March 6, 2023 and certain performance criteria were met on April 9, 2024. The unvested restricted stock units subject to this award were cancelled and converted into 11,127 restricted stock units of Star Bulk in connection with the closing of the merger of the Issuer and Star Bulk pursuant to the Merger Agreement.