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SEC FORM 3 SEC Form 3
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940 		 
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1. Name and Address of Reporting Person*
GOLDENTREE ASSET MANAGEMENT LP
(Last) (First) (Middle)
300 PARK AVENUE
21ST FLOOR
(Street)
NEW YORK NY 10022
(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
03/30/2016 		3. Issuer Name and Ticker or Trading Symbol
Eagle Bulk Shipping Inc. [ EGLE ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) X Other (specify below)
See Remarks
5. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock, par value $0.01 per share ("Common Stock") 1,857,659 I See footnotes(1)(2)
Common Stock 298,370 I See footnotes(1)(3)
Common Stock 135,475 I See footnotes(1)(4)
Common Stock 10,192 I See footnotes(1)(5)
Common Stock 169,675 I See footnotes(1)(6)
Common Stock 63,499 I See footnotes(1)(7)
Common Stock 385,351 I See footnotes(1)(8)
Common Stock 9,018 I See footnotes(1)(9)
Common Stock 195,707 I See footnotes(1)(10)
Common Stock 64,302 I See footnotes(1)(11)
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
1. Name and Address of Reporting Person*
GOLDENTREE ASSET MANAGEMENT LP
(Last) (First) (Middle)
300 PARK AVENUE
21ST FLOOR
(Street)
NEW YORK NY 10022
(City) (State) (Zip)
1. Name and Address of Reporting Person*
GoldenTree Asset Management LLC
(Last) (First) (Middle)
300 PARK AVENUE
21ST FLOOR
(Street)
NEW YORK NY 10022
(City) (State) (Zip)
1. Name and Address of Reporting Person*
Tananbaum Steven A.
(Last) (First) (Middle)
300 PARK AVENUE
21ST FLOOR
(Street)
NEW YORK NY 10022
(City) (State) (Zip)
Explanation of Responses:
1. See Exhibit 99.1; footnote (1).
2. See Exhibit 99.1; footnote (2).
3. See Exhibit 99.1; footnote (3).
4. See Exhibit 99.1; footnote (4).
5. See Exhibit 99.1; footnote (5).
6. See Exhibit 99.1; footnote (6).
7. See Exhibit 99.1; footnote (7).
8. See Exhibit 99.1; footnote (8).
9. See Exhibit 99.1; footnote (9).
10. See Exhibit 99.1; footnote (10).
11. See Exhibit 99.1; footnote (11).
Remarks:
List of Exhibits: Exhibit 99.1: Explanation of Responses Solely for purposes of Section 16 of the Exchange Act, each of the Advisor and, by virtue of their control of the Advisor, the General Partner and Steven A. Tananbaum may be deemed to be directors-by-deputization by virtue of the contractual right of the Advisor to designate a member of the board of directors of EGLE. Casey Shanley has been designated by the Advisor to serve as a member of EGLE's board of directors.
GoldenTree Asset Management LP, By: GoldenTree Asset Management LLC, its General Partner, By: /s/ Steven A. Tananbaum, its Managing Member 03/31/2016
GoldenTree Asset Management LLC, By: /s/ Steven A. Tananbaum, its Managing Member 03/31/2016
/s/ Steven A. Tananbaum 03/31/2016
** Signature of Reporting Person Date
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 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Explanation of Responses:
 
(1)  This Form 3 is filed on behalf of GoldenTree Asset Management LP (the “Advisor”), GoldenTree Asset Management LLC (the “General Partner”) and Steven A. Tananbaum (collectively, the “Reporting Persons”).  The Advisor is the investment manager or advisor to GoldenTree Distressed Master Fund 2014 LP (“GDMF”), GoldenTree Distressed Fund 2014 LP (“GDF”), GoldenTree E Distressed Debt Master Fund II LP (“GDDF”), GoldenTree E Distressed Debt Fund II LP (“GEDD”), GoldenTree Entrust Master Fund SPC (“GSPC”), GT NM, L.P. (“GTNM”), GoldenTree Master Fund II, LTD (“GFII”), GoldenTree Master Fund, LTD (“GMF” and together with GDMF, GDF, GDDF, GEDD, GSPC, GTNM and GFII, the “Funds”) and certain separate accounts managed by the Advisor (the “Managed Accounts”) and may be deemed to have a pecuniary interest in the Common Stock directly held by the Funds and held in the Managed Accounts.  The General Partner is the general partner of the Advisor and may be deemed to have a pecuniary interest in the Common Stock reported herein in which the Advisor has a pecuniary interest.  Steven A. Tananbaum is the managing member of the General Partner and may be deemed to have a pecuniary interest in the Common Stock reported herein in which the Advisor and the General Partner have a pecuniary interest, and also directly holds shares of Common Stock.  The Advisor, the General Partner and the Funds disclaim beneficial ownership of the shares held directly by Steven A. Tananbaum.  Each Fund disclaims beneficial ownership of the shares held directly by each other Fund, the Managed Accounts and Steven A. Tananbaum.  Shares held directly by GFII, GMF and Steven A. Tananbaum are reported on a separate Form 3 filed contemporaneously with this Form 3 due to the limitation on the number of holdings that may be included on any single Form 3.
(2) Common Stock held directly by GoldenTree Distressed Master Fund 2014 LP.
(3) Common Stock held directly by GoldenTree Distressed Fund 2014 LP.
(4) Common Stock held directly by GoldenTree E Distressed Debt Master Fund II LP.
(5) Common Stock held directly by GoldenTree E Distressed Debt Fund II LP.
(6) Common Stock held directly by GoldenTree Entrust Master Fund SPC.
(7) Common Stock held directly by GT NM, L.P.
(8) Common Stock held directly by a separate account managed by GoldenTree Asset Management LP.
(9) Common Stock held directly by a separate account managed by GoldenTree Asset Management LP.
(10) Common Stock held directly by a separate account managed by GoldenTree Asset Management LP.
(11) Common Stock held directly by a separate account managed by GoldenTree Asset Management LP.