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

Role
Chief Executive Officer, Director
Signature
/s/ Gary Vogel
Issuer symbol
EGLE
Transactions as of
22 Jun 2021
Transactions value $
-$1,097,850
Form type
4
Filing time
24 Jun 2021, 16:13:46 UTC
Next filing
08 Sep 2021
SEC
View on sec.gov

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 22 Jun 2021 Direct F1, F2
transaction EGLE Common Stock Sale -$531K -10.1K -6.16% $52.35 155K 22 Jun 2021 Direct F1, F3
transaction EGLE Common Stock Sale -$84.8K -1.6K -1.04% $52.98 153K 22 Jun 2021 Direct F1, F4
transaction EGLE Common Stock Sale -$21K -400 -0.26% $52.48 153K 23 Jun 2021 Direct F1, F5
transaction EGLE Common Stock Sale -$50.2K -943 -0.62% $53.27 152K 23 Jun 2021 Direct F1, F6
transaction EGLE Common Stock Options Exercise $449K +15K +9.9% $29.96 167K 23 Jun 2021 Direct
transaction EGLE Common Stock Tax liability -$449K -8.46K -5.08% $53.10 158K 23 Jun 2021 Direct F7
transaction EGLE Common Stock Tax liability -$159K -2.99K -1.89% $53.10 155K 23 Jun 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 23 Jun 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.