UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES 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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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | SEC 1473 (7-02) | ||
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 control number. |
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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
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Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Busch Nicolas C/O NAVIG8 EUROPE LIMITED, 2ND FLOOR KINNAIRD HOUSE, 1 PALL MALL EAST LONDON, X0 SW1Y 5AU |
 X |  |  |  |
/s/ Nicolas Busch | 06/24/2015 | |
**Signature of Reporting Person | Date |
No securities are beneficially owned | |
* | 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). |
 Remarks: The Reporting Person is a director and minority beneficial owner of Navig8 Limited. This Form 3 excludes 3,590,294 shares owned by Navig8 Limited. This Form 3 also excludes 1,600,000 warrants that entitle Navig8 Limited to purchase 0.8947 shares of Gener8 Maritime, Inc. common stock for each warrant held for a purchase price of $10.00 per warrant, or $11.18 per share. These warrants, which expire on March 31, 2016, vest in five equal tranches, with each tranche vesting upon Gener8 Maritime, Inc.'s common shares reaching the following volume-weighted average share price over any period of ten consecutive trading days, and provided that there is a minimum trading volume of US$2 million during such ten trading day period, on the NYSE post initial public offering: $15.09, $16.21, $17.32, $18.44 and $19.56. No securities are beneficially owned by the Reporting Person. This report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose. |