SEC FORM
4
SEC Form 4
FORM 4 |
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 or Section 30(h) of the Investment Company Act of 1940
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OMB APPROVAL |
OMB Number: |
3235-0287 |
Estimated average burden |
hours per response: |
0.5 |
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue.
See
Instruction 1(b). |
1. Name and Address of Reporting Person*
300 PARK AVENUE |
21ST FLOOR |
(Street)
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2. Issuer Name and Ticker or Trading Symbol
Eagle Bulk Shipping Inc.
[ EGLE ]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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Director |
X |
10% Owner |
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Officer (give title below) |
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Other (specify below) |
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3. Date of Earliest Transaction
(Month/Day/Year) 12/18/2020
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4. If Amendment, Date of Original Filed
(Month/Day/Year)
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6. Individual or Joint/Group Filing (Check Applicable Line)
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Form filed by One Reporting Person |
X |
Form filed by More than One Reporting Person |
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned |
1. Title of Security (Instr.
3)
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2. Transaction Date
(Month/Day/Year) |
2A. Deemed Execution Date, if any
(Month/Day/Year) |
3. Transaction Code (Instr.
8)
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4. Securities Acquired (A) or Disposed Of (D) (Instr.
3, 4 and 5)
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5.
Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr.
3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr.
4)
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7. Nature of Indirect Beneficial Ownership (Instr.
4)
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Code |
V |
Amount |
(A) or (D) |
Price |
Common Stock, par value $0.01 per share ("Common Stock") |
12/18/2020 |
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P |
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16,960 |
A |
$17.25
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16,960 |
I |
See footnotes
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Common Stock |
12/18/2020 |
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P |
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38,905 |
A |
$17.25
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38,905 |
I |
See footnotes
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Common Stock |
12/18/2020 |
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P |
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96,925 |
A |
$17.25
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271,109 |
I |
See footnotes
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Common Stock |
12/18/2020 |
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P |
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603,445 |
A |
$17.25
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1,687,912 |
I |
See footnotes
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Common Stock |
12/18/2020 |
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P |
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32,980 |
A |
$17.25
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33,044 |
I |
See footnotes
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Common Stock |
12/18/2020 |
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P |
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100,430 |
A |
$17.25
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100,430 |
I |
See footnotes
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Common Stock |
12/18/2020 |
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P |
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5,900 |
A |
$17.25
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5,900 |
I |
See footnotes
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Common Stock |
12/18/2020 |
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P |
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123,800 |
A |
$17.25
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343,561 |
I |
See footnotes
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Common Stock |
12/18/2020 |
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P |
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24,385 |
A |
$17.25
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24,385 |
I |
See footnotes
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Common Stock |
12/18/2020 |
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P |
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7,775 |
A |
$17.25
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7,775 |
I |
See footnotes
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Common Stock |
12/18/2020 |
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P |
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9,395 |
A |
$17.25
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9,395 |
I |
See footnotes
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Common Stock |
12/18/2020 |
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P |
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5,950 |
A |
$17.25
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5,950 |
I |
See footnotes
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Common Stock |
12/18/2020 |
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P |
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24,310 |
A |
$17.25
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72,331 |
I |
See footnotes
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Common Stock |
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1,211 |
I |
See footnotes
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Common Stock |
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432,272 |
I |
See footnotes
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Common Stock |
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2,752 |
I |
See footnotes
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Common Stock |
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459 |
I |
See footnotes
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Common Stock |
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4,857 |
I |
See footnotes
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivative Security (Instr.
3)
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2. Conversion or Exercise Price of Derivative Security
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3. Transaction Date
(Month/Day/Year) |
3A. Deemed Execution Date, if any
(Month/Day/Year) |
4. Transaction Code (Instr.
8)
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5.
Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr.
3, 4 and 5)
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6. Date Exercisable and Expiration Date
(Month/Day/Year) |
7. Title and Amount of Securities Underlying Derivative Security (Instr.
3 and 4)
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8. Price of Derivative Security (Instr.
5)
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9.
Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr.
4)
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10. Ownership Form: Direct (D) or Indirect (I) (Instr.
4)
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11. Nature of Indirect Beneficial Ownership (Instr.
4)
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Code |
V |
(A) |
(D) |
Date Exercisable |
Expiration Date |
Title |
Amount or Number of Shares |
1. Name and Address of Reporting Person*
300 PARK AVENUE |
21ST FLOOR |
(Street)
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1. Name and Address of Reporting Person*
300 PARK AVENUE |
21ST FLOOR |
(Street)
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1. Name and Address of Reporting Person*
300 PARK AVENUE |
21ST FLOOR |
(Street)
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Explanation of Responses: |
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GoldenTree Asset Management LP, By: GoldenTree Asset Management LLC, its General Partner, by /s/ Steven A. Tananbaum |
12/22/2020 |
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GoldenTree Asset Management LLC, by /s/ Steven A. Tananbaum |
12/22/2020 |
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/s/ Steven A. Tananbaum |
12/22/2020 |
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** 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
4
(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. |
Exhibit 99.1
Explanation of Responses:
(1) This Form 4 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 Fund 2014 LP (“GDF”), GT NM, L.P. (“GTNM”), GoldenTree Distressed Master Fund 2014
Ltd. (“GDMF”), GoldenTree Master Fund, Ltd. (“GMF”), GoldenTree Entrust Master Fund SPC on behalf of and for the account of Segregated Portfolio I (“GSPC”), GoldenTree 2004 Trust (“GT”), and GoldenTree NJ Distressed Fund 2015 LP (“GNJ” and together
with GDF, GTNM, GDMF, GSPC, GT and GNJ 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. Each Fund disclaims beneficial ownership of the shares held directly by each
other Fund and the Managed Accounts. In accordance with instruction 4(b)(iv), the entire number of the securities that may be deemed to be beneficially owned by the Reporting Persons is reported herein. Each Reporting Person disclaims beneficial
ownership of the shares held by any other person, except to the extent of its indirect pecuniary interest therein.
(2) Common Stock held directly by a separate account managed by Advisor.
(3) Common Stock held directly by a separate account managed by Advisor.
(4) Common Stock held directly by GDF.
(5) Common Stock held directly by GDMF.
(6) Common Stock held directly by a separate account managed by Advisor.
(7) Common Stock held directly by GMF.
(8) Common Stock held directly by a separate account managed by Advisor.
(9) Common Stock held directly by GNJ.
(10) Common Stock held directly by a separate account managed by Advisor.
(11) Common Stock held directly by a separate account managed by Advisor.
(12) Common Stock held directly by a separate account managed by Advisor.
(13) Common Stock held directly by a separate account managed by Advisor.
(14) Common Stock held directly by a separate account managed by Advisor.
(15) Common Stock held directly by GSPC.
(16) Common Stock held directly by GT.
(17) Common Stock held directly by a separate account managed by GoldenTree Asset Management LP.
(18) Common Stock held directly by a separate account managed by GoldenTree Asset Management LP.
(19) Common Stock held directly by GTNM.