Frank De Costanzo - 04 Nov 2021 Form 4 Insider Report for Eagle Bulk Shipping Inc. (EGLE)

Role
Chief Financial Officer
Signature
/s/ Frank De Costanzo
Issuer symbol
EGLE
Transactions as of
04 Nov 2021
Transactions value $
$-178,898
Form type
4
Filing time
05 Nov 2021, 16:03:03 UTC
Previous filing
08 Sep 2021
Next filing
04 Jan 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EGLE Common Stock Options Exercise $1,198,400 +40,000 +94.2% $29.96 82,481 04 Nov 2021 Direct
transaction EGLE Common Stock Tax liability $-1,198,383 -30,148 -36.6% $39.75 52,333 04 Nov 2021 Direct F1
transaction EGLE Common Stock Tax liability $-178,915 -4,501 -8.6% $39.75 47,832 04 Nov 2021 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 Employee Stock Option (right to buy) Options Exercise $0 -40,000 -100% $0.000000* 0 04 Nov 2021 Common Stock 40,000 $29.96 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 share price of $39.75 on November 4, 2021.
F2 Represents the shares of common stock withheld to satisfy the tax withholding obligations upon exercise of option to purchase common stock based on a share price of $39.75 on November 4, 2021.
F3 The option, representing a right to purchase a total of 40,000 shares of common stock, became exercisable in four substantially equal installments on November 7, 2017, November 7, 2018, November 7, 2019 and November 7, 2020.