Wobensmith John C's Form 4 filing
Genco Shipping & Trading Ltd (GNK) · filed Feb 27, 2023
- Accession no.
- 0001140361-23-009008
- Filed
- Feb 27, 2023
- Trade date
- Feb 23-27, 2023
- Filing delay
- 4 days
- Rule 10b5-1 plan
- Not on the form (before 2023)
This filing lists 5 non-derivative transactions and 3 derivative transactions. Open-market sales total $618.4K. It was filed 4 days after the trade.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Wobensmith John CCIK 0001333673 | Director, Officer (CEO, President, and Secretary) |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Feb 23, 2023 | Common Stock | MOption exerciseAcquired | +15,338 | –F1 | – | 414,437 | Direct | |
| Feb 23, 2023 | Common Stock | MOption exerciseAcquired | +20,182 | –F1 | – | 434,619 | Direct | |
| Feb 23, 2023 | Common Stock | SSaleDisposed | −17,760 | $19.35F3 | −$343,656 | 416,859 | Direct | |
| Feb 25, 2023 | Common Stock | MOption exerciseAcquired | +28,329 | –F1 | – | 445,188 | Direct | |
| Feb 27, 2023 | Common Stock | SSaleDisposed | −14,164 | $19.40F5 | −$274,781.6 | 431,024 | Direct |
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Feb 23, 2023 | Common Stock | MOption exerciseDisposed | −15,338 | $0.00 | $0 | 56,236 | Direct | |
| Feb 23, 2023 | Common Stock | MOption exerciseDisposed | −20,182 | $0.00 | $0 | 20,182 | Direct | |
| Feb 25, 2023 | Common Stock | MOption exerciseDisposed | −28,329 | $0.00 | $0 | 0 | Direct |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F1
The Reporting Person became entitled to receive shares of common stock in settlement of restricted stock units upon their vesting.
Referenced by the price of 3 transactions in Table I.
- F3
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.6852 to $19.7950 (inclusive) on February 23, 2023. 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.
Referenced by the price of 1 transaction in Table I.
- F5
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $19.215 to $19.7464 (inclusive) on February 27, 2023. 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.
Referenced by the price of 1 transaction in Table I.