Gary Vogel - 11 Nov 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
11 Nov 2021
Transactions value $
-$194,786
Form type
4
Filing time
12 Nov 2021, 15:03:49 UTC
Previous filing
08 Sep 2021
Next filing
06 Dec 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 Options Exercise $1.08M +35.9K +21.9% $29.96 200K 11 Nov 2021 Direct
transaction EGLE Common Stock Tax liability -$1.08M -26K -13.02% $41.35 174K 11 Nov 2021 Direct F1
transaction EGLE Common Stock Tax liability -$195K -4.71K -2.71% $41.35 169K 11 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 -35.9K -21.65% $0.00 130K 11 Nov 2021 Common Stock 35.9K $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 closing share price of $41.35 on November 11, 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 $41.35 on November 11, 2021.
F3 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.