kl11024.htm


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SEC USE ONLY
DOCUMENT SEQUENCE NO.
CUSIP NUMBER
WORK LOCATION
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

FORM 144
 
NOTICE OF PROPOSED SALE OF SECURITIES
PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
 
ATTENTION: Transmit for filing 3 copies of this form concurrently with either placing an order with a broker to execute sale
 
 
or executing a sale directly with a market maker.
1 (a) NAME OF ISSUER (Please type or print)
Genco Shipping & Trading Limited
(b) IRS IDENT. NO.
98-043-9758
(c) S.E.C. FILE NO.
000-51442
   
1 (d) ADDRESS OF ISSUER                                                                          STREET                                 CITY                             STATE ZIP CODE
(e) TELEPHONE NO.
299 Park Avenue, 20th Floor                                                            New York                              NY10171
AREA CODE
646
NUMBER
443-8550
2 (a) NAME OF PERSON FOR WHOSE ACCOUNT THE SECURITIES ARE TO BE SOLD
Robert Gerald Buchanan
(b) IRS IDENT. NO.
 
 
(c) RELATIONSHIP TO ISSUER
Officer (President)
(d) ADDRESS STREET                                         CITY                      STATE               ZIP CODE
c/o Genco Shipping &
  Trading Limited
299 Park Avenue, 20th Floor          New York             NY                      10171

INSTRUCTION:  The person filing this notice should contact the issuer to obtain the I.R.S. Identification Number and the S.E.C. File Number.
 
3 (a)
(b)
SEC USE ONLY
(c)
(d)
(e)
(f)
(g)
Title of the
Class of
Securities
To Be Sold
 
Name and Address of Each Broker Through Whom the
Securities are to be Offered or Each Market Maker
who is Acquiring the Securities
 
Broker-Dealer
File Number
Number of Shares
or Other Units
To Be Sold
(See instr. 3(c))
Aggregate
Market
Value
(See instr. 3(d))
Number of Shares
or Other Units
Outstanding
(See instr. 3(e))
Approximate
Date of Sale
(See instr. 3(f))
(MO.  DAY  YR.)
Name of Each
Securities
Exchange
(See instr. 3(g))
Common Stock
Jefferies & Company, Inc.
520 Madison Ave 12th floor
New York, NY 10022
 
2,500
$150,750
(11/9/07)
28,872,809
11/15/07
NYSE
               
               
 
 
Potential persons who are to respond to the collection of information contained in this form are not
required to respond unless the form displays a currently valid OMB control number.
 
                                                                                            SEC 1147 (01-04)
 
 
 

 
INSTRUCTIONS:

1. (a)  Name of issuer
3. (a) Title of the class of securities to be sold
(b)  Issuer’s I.R.S. Identification Number
(b)  Name and address of each broker through whom the securities are intended to be sold
(c)  Issuer’s S.E.C. file number, if any
(c)  Number of shares or other units to be sold (if debt securities, give the aggregate face amount)
(d)  Issuer’s address, including zip code
(d)  Aggregate market value of the securities to be sold as of a specified date within 10 days prior to the filing of this notice
(e)  Issuer’s telephone number, including area code
(e)  Number of shares or other units of the class outstanding, or if debt securities the face amount thereof outstanding, asshown by the most recent report or statement published by the issuer
2. (a)  Name of person for whose account the securities are to be sold
(f)  Approximate date on which the securities are to be sold
(b)  Such person’s I.R.S. identification number, if such person is an entity
(g)  Name of each securities exchange, if any, on which the securities are intended to be sold
(c)  Such person’s relationship to the issuer (e.g., officer, director, 10%stockholder, or member of immediate family of any of the foregoing)
 
(d)  Such person’s address, including zip code
 
TABLE I - SECURITIES TO BE SOLD
Furnish the following information with respect to the acquisition of the securities to be sold
and with respect to the payment of all or any part of the purchase price or other consideration therefor:
Title of
the Class
Date you Acquired
Nature of Acquisition Transaction
Name of Person from Whom Acquired
(If gift, also give date donor acquired)
Amount of Securities Acquired
Date of Payment
Nature of Payment
Common Stock
11/15/07
Vesting of grant of restricted stock
Issuer
2,500
N/A
N/A
             
 
INSTRUCTIONS:    1.   If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.
2.  If within two years after the acquisition of the securities
the person for whose account they are to be sold had any
short positions, put or other option to dispose of securities
referred to in paragraph (d)(3) of Rule 144, furnish full
information with respect thereto.
 
 
TABLE II - SECURITIES SOLD DURING THE PAST 3 MONTHS
Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.
Name and Address of Seller
Title of Securities Sold
Date of Sale
Amount of
Securities Sold
Gross Proceeds
N/A
       
REMARKS:

The reporting person plans to sell these shares in order to satisfy his obligation for the withholding tax on certain shares of restricted stock of the issuer granted to him that have a vesting date of November 15, 2007.

INSTRUCTIONS:
See the definition of “person” in paragraph (a) of Rule 144. Information is to be given not only as to
 the person for whose account the securities are to be sold but also as to all other persons included
 in that definition. In addition, information shall be given as to sales by all persons whose sales are
required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed.


11/13/07
   /s/ Robert Gerald Buchanan
DATE OF NOTICE                                                                                                                        (SIGNATURE)
 
The notice shall be signed by the person for whose account the securities are to be sold.  At least one copy of the notice shall be manually signed.
Any copies not manually signed shall bear typed or printed signatures.
 
ATTENTION:  Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)