Sec Form 4 Filing - Adamo Joseph @ GENCO SHIPPING & TRADING LTD - 2021-09-16

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 Adamo Joseph 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) Chief Accounting Officer (Last) (First) (Middle) C/O GENCO SHIPPING & TRADING LIMITED, 299 PARK AVENUE, 12TH FLOOR 3. Date of Earliest Transaction (MM/DD/YY) 09/16/2021 (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 09/16/2021 M 1,872 A $ 7.06 3,992 D Common Stock 09/16/2021 S 619 ( 1 ) D $ 21.35 3,373 D Common Stock 09/16/2021 M 2,702 A $ 8.065 6,075 D Common Stock 09/16/2021 S 1,020 ( 2 ) D $ 21.35 5,055 D Common Stock 09/16/2021 S 1,100 ( 3 ) D $ 21.3355 ( 4 ) 3,955 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 ( 5 ) ( 6 ) ( 6 ) ( 6 ) Common Stock 2,018 ( 5 ) 2,018 D Option $ 9.91 02/23/2022( 7 ) 02/23/2027 Common Stock 2,309 2,309 D Restricted Stock Units ( 5 ) ( 8 ) ( 8 ) ( 8 ) Common Stock 1,889 ( 5 ) 1,889 D Option $ 7.06 09/16/2021 M 1,872 02/02/2025( 9 ) 02/25/2026 Common Stock 1,872 $ 0 3,746 D Restricted Stock Units ( 5 ) ( 10 ) ( 10 ) ( 10 ) Common Stock 596 ( 5 ) 596 D Option $ 8.065 09/16/2021 M 2,702 03/04/2020( 11 ) 03/04/2025 Common Stock 2,702 $ 0 1,352 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Adamo Joseph C/O GENCO SHIPPING & TRADING LIMITED 299 PARK AVENUE, 12TH FLOOR NEW YORK, NY10171 Chief Accounting Officer Signatures /s/ Joseph Adamo 09/17/2021 Signature of Reporting Person Date

Explanation of Responses:

( 1 )Represents shares withheld by the issuer for the cashless exercise of options having an exercise price of $7.06 per share for 1,872 shares of the issuer's common stock. ( 2 )Represents shares withheld by the issuer for the cashless exercise of options having an exercise price of $8.065 per share for 2,702 shares of the issuer's common stock. ( 3 )These shares were sold in order to satisfy the reporting person's tax obligations in respect of shares of the issuer's common stock received upon the exercise of options as noted above. ( 4 )The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $21.33 to $21.345 (inclusive) on September 16, 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. ( 5 )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. ( 6 )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. ( 7 )These options generally become exercisable in equal installments on each of the first three anniversaries of February 23, 2021. ( 8 )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. ( 9 )These options generally become exercisable in equal installments on each of the first three anniversaries of February 25, 2020. ( 10 )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. ( 11 )These options generally become exercisable in equal installments on each of the first three anniversaries of March 4, 2019.

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