SAFE BULKERS (NYSE: SB) president reports Series C and D preferred holdings
Rhea-AI Filing Summary
SAFE BULKERS, INC. President and director Loukas Barmparis filed an initial Form 3 to disclose his holdings of the company’s preferred shares. He reports direct ownership of 3,500 of the 8.00% Series C Cumulative Redeemable Preferred Shares and 8,500 of the 8.00% Series D Cumulative Redeemable Preferred Shares.
This filing records existing beneficial ownership and does not show any new purchases or sales, only the number of preferred shares he holds after the reported date.
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FAQ
What does Loukas Barmparis report owning in SAFE BULKERS (SB) on this Form 3?
He reports direct ownership of preferred shares, not common stock. The filing lists 3,500 of the 8.00% Series C Cumulative Redeemable Preferred Shares and 8,500 of the 8.00% Series D Cumulative Redeemable Preferred Shares as of the reported date.
Does this SAFE BULKERS (SB) Form 3 show Loukas Barmparis buying or selling shares?
The Form 3 does not show any new buying or selling activity. It functions as an initial statement of beneficial ownership, simply recording how many preferred shares Barmparis directly holds after the reported date.
Which securities are covered in Loukas Barmparis’s SAFE BULKERS (SB) Form 3 filing?
The filing covers two preferred share series. It lists holdings in the 8.00% Series C Cumulative Redeemable Preferred Shares and the 8.00% Series D Cumulative Redeemable Preferred Shares, with separate post-reporting ownership amounts for each series.
Is the ownership reported by Loukas Barmparis in SAFE BULKERS (SB) direct or indirect?
The reported holdings in this Form 3 are classified as direct ownership. Both the Series C and Series D 8.00% Cumulative Redeemable Preferred Shares are shown as directly held, with no additional nature-of-ownership description provided.
What is the significance of a Form 3 filing for SAFE BULKERS (SB) insiders like Loukas Barmparis?
Form 3 is an initial statement of beneficial ownership for insiders. It establishes a baseline of how many company securities an officer or director holds, helping investors track any future changes in insider positions over time.