[Form 3] TSAKOS ENERGY NAVIGATION LTD Initial Statement of Beneficial Ownership
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
TSAKOS ENERGY NAVIGATION LTD Chief Executive Officer Nikolaos Tsakos filed an initial ownership report showing his holdings in the company. He reports 81,600 common shares held directly, plus additional common shares held indirectly through entities including Sea Consolidation S.A., Intermed Champion S.A., Methoni Shipping Company Limited and Tsakos Energy Management Limited. He also reports indirect holdings of Series E and Series F preferred shares through Admiral Green Maritime S.A., while expressly disclaiming beneficial ownership of entity-held securities except to the extent of any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
7 transactions reported
Mixed
7 txns
Insider
TSAKOS NIKOLAOS
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
| holding | Series E Fixed to Fltg Rate Cum. Redeemable Perp. Pref. Shs | -- | -- | -- |
| holding | Series F Fixed to Fltg Rate Cum. Redeemable Perp. Pref. Shs | -- | -- | -- |
Holdings After Transaction:
Common Shares — 81,600 shares (Direct);
Common Shares — 1,550,000 shares (Indirect, By Sea Consolidation S.A. of Panama);
Series E Fixed to Fltg Rate Cum. Redeemable Perp. Pref. Shs — 45,000 shares (Indirect, By Admiral Green Maritime S.A.);
Series F Fixed to Fltg Rate Cum. Redeemable Perp. Pref. Shs — 100,000 shares (Indirect, By Admiral Green Maritime S.A.)
Footnotes (1)
- Shares held by Sea Consolidation S.A. of Panama ("Sea Consolidation"). The Reporting Person controls Sea Consolidation and may be deemed to beneficially own the securities held by Sea Consolidation by virtue of such control. The Reporting Person disclaims beneficial ownership of such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), except to the extent of his pecuniary interest therein, if any. This report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 of the Exchange Act or for any other purpose. Shares held by Intermed Champion S.A. of Panama ("Intermed"). The Reporting Person has or shares voting and dispositive power with respect to the shares held by Intermed and may be deemed to beneficially own such securities by virtue of such relationship. The Reporting Person disclaims beneficial ownership of such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), except to the extent of his pecuniary interest therein, if any. This report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 of the Exchange Act or for any other purpose. Shares held by Methoni Shipping Company Limited ("Methoni"). The Reporting Person has or shares voting and dispositive power with respect to the shares held by Methoni and may be deemed to beneficially own such securities by virtue of such relationship. The Reporting Person disclaims beneficial ownership of such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), except to the extent of his pecuniary interest therein, if any. This report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 of the Exchange Act or for any other purpose. Shares held by Tsakos Energy Management Limited ("TEM"). The Reporting Person controls TEM and may be deemed to beneficially own the securities held by TEM by virtue of such control. The Reporting Person disclaims beneficial ownership of such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), except to the extent of his pecuniary interest therein, if any. This report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 of the Exchange Act or for any other purpose. Shares held by Admiral Green Maritime S.A. ("Admiral Green"). The Reporting Person controls Admiral Green and may be deemed to beneficially own the securities held by Admiral Green by virtue of such control. The Reporting Person disclaims beneficial ownership of such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), except to the extent of his pecuniary interest therein, if any. This report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 of the Exchange Act or for any other purpose.
