Seaspan Form 3 / Mark W. Chu ownership change

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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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1. Name and Address of Reporting Person^*

Chu Mark W.

(Last)

(First)

(Middle)

C/O SEASPAN SHIP MANAGEMENT LTD

2600 - 200 GRANVILLE STREET

(Street)

VANCOUVER

V6C 1S4

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
06/30/2017

3. Issuer Name and Ticker or Trading Symbol
Seaspan CORP [ SSW ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
General Counsel & CDO

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Class A Common Shares⁽¹⁾	11,602⁽²⁾	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Phantom Share Units⁽¹⁾	01/01/2014⁽³⁾	⁽³⁾	Class A Common Shares	20,000	0.0000⁽³⁾	D
Phantom Share Units⁽¹⁾	01/01/2015⁽⁴⁾	⁽⁴⁾	Class A Common Shares	20,000	0.0000⁽⁴⁾	D
Phantom Share Units⁽¹⁾	01/01/2016⁽⁵⁾	⁽⁵⁾	Class A Common Shares	20,000	0.0000⁽⁵⁾	D
Phantom Share Units⁽¹⁾	01/01/2018⁽⁶⁾	⁽⁶⁾	Class A Common Shares	30,000	0.0000⁽⁶⁾	D
Phantom Share Units⁽¹⁾	03/15/2016⁽⁷⁾	⁽⁷⁾	Class A Common Shares	30,000	0.0000⁽⁷⁾	D
Stock Appreciation Rights⁽¹⁾	⁽⁸⁾	12/31/2017	Class A Common Shares	58,475	26.5	D

Explanation of Responses:

1. This report is a voluntary filing.

2. Includes 6,422 Class A Common Shares subject to an award under the Seaspan Ship Management Ltd. Amended Employee Cash and Share Bonus Plan, of which 3,917 shares will be issued on June 30, 2018 and 2,505 shares will be issued on June 30, 2019.

3. This award of Phantom Share Units was granted on March 1, 2013, and is fully vested and exchangeable for the Company's Class A Common Shares on a one-for-one basis upon notice to the Company by the Reporting Person.

4. This award of Phantom Share Units was granted on June 10, 2014, and is fully vested and exchangeable for the Company's Class A Common Shares on a one-for-one basis upon notice to the Company by the Reporting Person.

5. This award of Phantom Share Units was granted on March 31, 2015, and vests in three installments after the date of grant. 6,667 units vested on January 1, 2016, 6,667 units vested on January 1, 2017, and 6,666 units will vest on January 1, 2018. Once vested, the units subject to this award are exchangeable for the Company's Class A Common Shares on a one-for-one basis upon notice to the Company by the Reporting Person.

6. This award of Phantom Share Units was granted on March 8, 2017, and vests in three installments after the date of grant. 10,000 units will vest on each of January 1, 2018, January 1, 2019, and January 1, 2020. Once vested, the units subject to this award are exchangeable for the Company's Class A Common Shares on a one-for-one basis upon notice to the Company by the Reporting Person.

7. This award of Phantom Share Units was granted on March 15, 2016, and vests in four installments after the date of grant. 10,000 units vested immediately, 6,667 units vested on January 1, 2017, 6,667 units will vest on January 1, 2018, and 6,666 units will vest on January 1, 2019. Once vested, the units subject to this award are exchangeable for the Company's Class A Common Shares on a one-for-one basis upon notice to the Company by the Reporting Person.

8. The shares subject to the Stock Appreciation Right vest and become exercisable when and if the Fair Market Value of the Company's Class A Common Shares equals or exceeds the shown price for any 20 consecutive trading days on or before the Expiration Date.

Remarks:

chupoa.txt

	/s/ Mark W. Chu	07/06/2017
	** 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 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).
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.

Seaspan (SESCF) Form 3Seaspan / Mark W. Chu ownership change