Gary Vogel - 02 Dec 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
02 Dec 2021
Transactions value $
-$293,398
Form type
4
Filing time
06 Dec 2021, 16:17:58 UTC
Previous filing
12 Nov 2021
Next filing
14 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 $899K +30K +17.73% $29.96 199K 02 Dec 2021 Direct
transaction EGLE Common Stock Tax liability -$899K -22K -11.03% $40.91 177K 02 Dec 2021 Direct F1
transaction EGLE Common Stock Tax liability -$156K -3.82K -2.16% $40.91 173K 02 Dec 2021 Direct F2
transaction EGLE Common Stock Options Exercise $749K +25K +14.41% $29.96 198K 06 Dec 2021 Direct
transaction EGLE Common Stock Tax liability -$749K -18.1K -9.1% $41.47 180K 06 Dec 2021 Direct F3
transaction EGLE Common Stock Tax liability -$137K -3.3K -1.83% $41.47 177K 06 Dec 2021 Direct F4

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 -30K -23.08% $0.00 100K 02 Dec 2021 Common Stock 30K $29.96 Direct F5
transaction EGLE Employee Stock Option (right to buy) Options Exercise $0 -25K -25% $0.00 75K 06 Dec 2021 Common Stock 25K $29.96 Direct F5
* 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 $40.91 on December 2, 2021.
F2 Represents the shares of common stock withheld to satisfy the tax obligations upon exercise of option to purchase common stock based on the closing share price of $40.91 on December 2, 2021.
F3 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 $41.47 on December 6, 2021.
F4 Represents the shares of common stock withheld to satisfy the tax obligations upon exercise of option to purchase common stock based on the closing share price of $41.47 on December 6, 2021.
F5 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.