Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
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- Peter Lynch
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 |
SCHEDULE 13G
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UNDER THE SECURITIES EXCHANGE ACT OF 1934
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(Amendment No. 1)*
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DIANA SHIPPING INC. (Name of Issuer) |
Shares of Common Stock, par value $0.01 per share (Title of Class of Securities) |
Y2066G104 (CUSIP Number) |
03/31/2025 (Date of Event Which Requires Filing of this Statement) |
| Check the appropriate box to designate the rule pursuant to which this Schedule is filed: |
 Rule 13d-1(b)
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 Rule 13d-1(c)
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| Rule 13d-1(d)
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SCHEDULE 13G
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| CUSIP No. | Y2066G104 |
| 1 | Names of Reporting Persons
F. Laeisz GmbH | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
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| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
GERMANY
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| Number of Shares Beneficially Owned by Each Reporting Person With: |
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| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
7,699,053.00 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
| ||||||||
| 11 | Percent of class represented by amount in row (9)
6.6 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
CO |
Comment for Type of Reporting Person: (1) The figures provided for "Shared Voting Power", "Shared Dispositive Power" and "Aggregate Amount Beneficially Owned by each Reporting Person" represent 6,905,000 shares of common stock of the Issuer, par value $0.01 per share ("common shares"), and 794,053 common shares issuable upon the conversion of 482,766 warrants, in each case held by F.Laeisz GmbH. The warrants are convertible at a current conversion rate of 1.64480, which includes a "Bonus Share Fraction," as set forth and described in the Issuer's annual report on Form 20-F filed with the Securities and Exchange Commission on March 21, 2025 (the"Annual Report"), which is readjusted periodically in conjunction with the record date for dividends or distributions on the Issuer's common shares. This Amendment No. 1 to the Schedule 13G originally filed on October 18, 2024, is being filed to reflect (i) the aforementioned readjusted conversion rate and (ii) the acquisition of additional common shares since the filing of the original Schedule 13G. (2) The percentage calculation for "Percent of Class Represented by Amount in Row (9)" is based on a denominator equal to (a) 115,767,861 common shares outstanding as of March 20,2025, as reflected in the Annual Report plus (b) 482,766 warrants outstanding (multiplied by the conversion rate), in each case held by F. Laeisz GmbH.
SCHEDULE 13G
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| CUSIP No. | Y2066G104 |
| 1 | Names of Reporting Persons
KG Reederei N. Schues mbH + Co. | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
| ||||||||
| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
GERMANY
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
7,699,053.00 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
| ||||||||
| 11 | Percent of class represented by amount in row (9)
6.6 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
CO |
Comment for Type of Reporting Person: (1) The figures provided for "Shared Voting Power", "Shared Dispositive Power" and "Aggregate Amount Beneficially Owned by each Reporting Person" represent 6,905,000 shares of common stock of the Issuer, par value $0.01 per share ("common shares"), and 794,053 common shares issuable upon the conversion of 482,766 warrants, in each case held by F.Laeisz GmbH. The warrants are convertible at a current conversion rate of 1.64480, which includes a "Bonus Share Fraction," as set forth and described in the Issuer's annual report on Form 20-F filed with the Securities and Exchange Commission on March 21, 2025 (the"Annual Report"), which is readjusted periodically in conjunction with the record date for dividends or distributions on the Issuer's common shares. This Amendment No. 1 to the Schedule 13G originally filed on October 18, 2024, is being filed to reflect (i) the aforementioned readjusted conversion rate and (ii) the acquisition of additional common shares since the filing of the original Schedule 13G. (2) The percentage calculation for "Percent of Class Represented by Amount in Row (9)" is based on a denominator equal to (a) 115,767,861 common shares outstanding as of March 20,2025, as reflected in the Annual Report plus (b) 482,766 warrants outstanding (multiplied by the conversion rate), in each case held by F. Laeisz GmbH.
SCHEDULE 13G
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| CUSIP No. | Y2066G104 |
| 1 | Names of Reporting Persons
Nikolaus H. Schues | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
| ||||||||
| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
GERMANY
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
7,699,053.00 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
| ||||||||
| 11 | Percent of class represented by amount in row (9)
6.6 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
IN |
Comment for Type of Reporting Person: (1) The figures provided for "Shared Voting Power", "Shared Dispositive Power" and "Aggregate Amount Beneficially Owned by each Reporting Person" represent 6,905,000 shares of common stock of the Issuer, par value $0.01 per share ("common shares"), and 794,053 common shares issuable upon the conversion of 482,766 warrants, in each case held by F.Laeisz GmbH. The warrants are convertible at a current conversion rate of 1.64480, which includes a "Bonus Share Fraction," as set forth and described in the Issuer's annual report on Form 20-F filed with the Securities and Exchange Commission on March 21, 2025 (the"Annual Report"), which is readjusted periodically in conjunction with the record date for dividends or distributions on the Issuer's common shares. This Amendment No. 1 to the Schedule 13G originally filed on October 18, 2024, is being filed to reflect (i) the aforementioned readjusted conversion rate and (ii) the acquisition of additional common shares since the filing of the original Schedule 13G. (2) The percentage calculation for "Percent of Class Represented by Amount in Row (9)" is based on a denominator equal to (a) 115,767,861 common shares outstanding as of March 20,2025, as reflected in the Annual Report plus (b) 482,766 warrants outstanding (multiplied by the conversion rate), in each case held by F. Laeisz GmbH.
SCHEDULE 13G
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| Item 1. | ||
| (a) | Name of issuer:
DIANA SHIPPING INC. | |
| (b) | Address of issuer's principal executive offices:
Pendelis 16, 175 64 Palaio Faliro, Athens, Greece | |
| Item 2. | ||
| (a) | Name of person filing:
This Amendment No. 1 to the Schedule 13G originally filed on October 18, 2024 (the "Original Schedule") is filed jointly by each of the following persons pursuant to a previously filed joint filing agreement attached as Exhibit A to the Original Schedule: F. Laeisz GmbH ("Laeisz") KG Reederei N. Schues mbH + Co. ("KG Reederei") Nikolaus H. Schues ("Mr. Schues" and together with Laeisz and KG Reederei, the "Reporting Persons") Laeisz is 48% owned and controlled by KG Reederei. KG Reederei is 68.75% owned and controlled by Mr. Schues. | |
| (b) | Address or principal business office or, if none, residence:
The principal business office of each of Reporting Person is: Trostbruecke 1 20457 Hamburg Germany | |
| (c) | Citizenship:
Laeisz is a German corporation. KG Reederei is a German corporation. Mr. Schues is a German citizen. | |
| (d) | Title of class of securities:
Shares of Common Stock, par value $0.01 per share | |
| (e) | CUSIP No.:
Y2066G104 | |
| Item 3. | If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: | |
| (a) | Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
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| (b) | Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
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| (c) | Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
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| (d) | Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
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| (e) | An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
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| (f) | An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
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| (g) | A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
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| (h) | A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
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| (i) | A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
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| (j) | A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution: | |
| (k) | Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
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| Item 4. | Ownership | |
| (a) | Amount beneficially owned:
Laeisz 7,699,053 KG Reederei 7,699,053 Mr. Schues 7,699,053 | |
| (b) | Percent of class:
Laeisz 6.6% KG Reederei 6.6% Mr. Schues 6.6% %
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| (c) | Number of shares as to which the person has:
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| (i) Sole power to vote or to direct the vote:
Laeisz 0 KG Reederei 0 Mr. Schues 0 | ||
| (ii) Shared power to vote or to direct the vote:
Laeisz 7,699,053 KG Reederei 7,699,053 Mr. Schues 7,699,053 | ||
| (iii) Sole power to dispose or to direct the disposition of:
Laeisz 0 KG Reederei 0 M
r. Schues 0 | ||
| (iv) Shared power to dispose or to direct the disposition of:
Laeisz 7,699,053 KG Reederei 7,699,053 Mr. Schues 7,699,053 | ||
| Item 5. | Ownership of 5 Percent or Less of a Class. | |
| Item 6. | Ownership of more than 5 Percent on Behalf of Another Person. | |
Not Applicable
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| Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. | |
Not Applicable
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| Item 8. | Identification and Classification of Members of the Group. | |
Not Applicable
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| Item 9. | Notice of Dissolution of Group. | |
Not Applicable
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| Item 10. | Certifications: |
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. |
| SIGNATURE | |
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
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