Sec Form 4 Filing - WOBENSMITH JOHN C @ GENCO SHIPPING & TRADING LTD - 2021-02-23

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person WOBENSMITH JOHN C 2. Issuer Name and Ticker or Trading Symbol GENCO SHIPPING & TRADING LTD [ GNK] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner X __ Officer (give title below) _____ Other (specify below) CEO, President and Secretary (Last) (First) (Middle) C/O GENCO SHIPPING & TRADING LIMITED, 299 PARK AVENUE, 12TH FLOOR 3. Date of Earliest Transaction (MM/DD/YY) 02/23/2021 (Street) NEW YORK, NY10171 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock 02/25/2021 M 28,328 A 369,477 D Common Stock 02/25/2021 S 14,164 ( 2 ) D $ 10.6747 ( 3 ) 355,313 D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Restricted Stock Units ( 4 ) ( 5 ) 02/23/2021 A 60,545 ( 5 ) ( 5 ) Common Stock 60,545 ( 4 ) $ 0 60,545 D Option $ 9.91 02/23/2021 A 69,284 02/23/2022( 6 ) 02/23/2027 Common Stock 69,284 $ 0 69,284 D Restricted Stock Units ( 1 ) ( 4 ) ( 7 ) 02/25/2021 M 28,328 ( 7 ) ( 7 ) Common Stock 28,328 ( 1 ) ( 4 ) $ 0 56,658 D Option $ 7.06 02/25/2021( 8 ) 02/25/2026 Common Stock 168,539 168,539 D Restricted Stock Units ( 4 ) ( 9 ) ( 9 ) ( 9 ) Common Stock 59,595 ( 4 ) 59,595 D Option $ 8.065 ( 10 ) 03/04/2020( 10 ) 03/04/2025 Common Stock 135,135 135,135 D Restricted Stock Units ( 4 ) ( 11 ) ( 11 ) ( 11 ) Common Stock 6,696 ( 4 ) 6,696 D Option $ 13.365 02/27/2019( 12 ) 02/27/2024 Common Stock 65,789 65,789 D Option $ 10.805 10/15/2017( 13 ) 03/23/2023 Common Stock 133,000 133,000 D Warrant $ 195.1497 ( 14 ) 07/09/2014 07/09/2021 Common Stock 2,865 26,533 ( 14 ) D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other WOBENSMITH JOHN C C/O GENCO SHIPPING & TRADING LIMITED 299 PARK AVENUE, 12TH FLOOR NEW YORK, NY10171 CEO, President and Secretary Signatures /s/ John C. Wobensmith 02/25/2021 Signature of Reporting Person Date

Explanation of Responses:

( 1 )The Reporting Person became entitled to receive shares of common stock in settlement of restricted stock units upon their vesting. ( 2 )These shares were sold under instructions given in accordance with Rule 10b5-1 under the Securities Exchange Act of 1934, as amended, in order to satisfy the reporting person's tax obligations for restricted stock units that settled in shares of the issuer's common stock on February 25, 2021. ( 3 )The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.31 to $11.11 (inclusive) on February 25, 2021. The reporting person undertakes to provide to Genco Shipping & Trading Limited, 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 ranges set forth in this footnote. ( 4 )Each restricted stock unit represents the right to receive one share of the issuer's common stock, or in the sole discretion of the issuer's Compensation Committee, the value of a share of common stock on the date that the restricted stock unit vests. ( 5 )These restricted stock units generally vest in equal installments on each of the first three anniversaries of February 23, 2021, subject to postponement of settlement if the vesting occurs during a blackout period or other trading restriction. ( 6 )These options generally become exercisable in equal installments on each of the first three anniversaries of February 23, 2021. ( 7 )These restricted stock units generally vest in equal installments on each of the first three anniversaries of February 25, 2020, subject to postponement of settlement if the vesting occurs during a blackout period or other trading restriction. ( 8 )These options generally become exercisable in equal installments on each of the first three anniversaries of February 25, 2020. ( 9 )These restricted stock units generally vest in equal installments on each of the first three anniversaries of March 4, 2019, subject to postponement of settlement if the vesting occurs during a blackout period or other trading restriction. ( 10 )These options generally become exercisable in equal installments on each of the first three anniversaries of March 4, 2019. ( 11 )These restricted stock units generally vest in equal installments on each of the first three anniversaries of February 27, 2018, subject to postponement of settlement if the vesting occurs during a blackout period or other trading restriction. ( 12 )These options generally become exercisable in equal installments on each of the first three anniversaries of February 27, 2018. ( 13 )These options generally became exercisable in equal installments on each of the first three anniversaries of October 15, 2016. ( 14 )Per the terms of these warrants, the exercise price was adjusted from $200.10989 to $195.14966 and the number of shares for which each warrant is exercisable was adjusted from 0.105 shares to 0.108 shares per the terms of the warrant as a result of dividends of $0.175 per share paid on March 16, 2020.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

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