GoldenTree Asset Management Form 3 Eagle Bulk Shipping / Steven A. Tananbaum 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^*

GOLDENTREE ASSET MANAGEMENT LP

(Last) (First) (Middle)

300 PARK AVENUE

21ST FLOOR

(Street)

NEW YORK NY 10022

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
03/30/2016

3. Issuer Name and Ticker or Trading Symbol
Eagle Bulk Shipping Inc. [ EGLE ]

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

	Director	X	10% Owner
	Officer (give title below)	X	Other (specify below)
See Remarks

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

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

	Form filed by One Reporting Person
X	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)
Common Stock, par value $0.01 per share ("Common Stock")	350,106	I	See footnotes(1)(2)
Common Stock	2,355,821	I	See footnotes(1)(3)
Common Stock	54,963	D(1)(4)

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)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Warrants	10/15/2014	10/15/2021	Common Stock	182	27.82	I	See footnotes(1)(5)
Warrants	10/15/2014	10/15/2021	Common Stock	374	27.82	I	See footnotes(1)(6)
Warrants	10/15/2014	10/15/2021	Common Stock	2,222	27.82	I	See footnotes(1)(7)
Warrants	10/15/2014	10/15/2021	Common Stock	81	27.82	I	See footnotes(1)(8)
Warrants	10/15/2014	10/15/2021	Common Stock	363	27.82	I	See footnotes(1)(9)
Warrants	10/15/2014	10/15/2021	Common Stock	163	27.82	I	See footnotes(1)(10)
Warrants	10/15/2014	10/15/2021	Common Stock	83	27.82	I	See footnotes(1)(11)

1. Name and Address of Reporting Person^*

GOLDENTREE ASSET MANAGEMENT LP

(Last) (First) (Middle)

300 PARK AVENUE

21ST FLOOR

(Street)

NEW YORK NY 10022

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

GoldenTree Asset Management LLC

(Last) (First) (Middle)

300 PARK AVENUE

21ST FLOOR

(Street)

NEW YORK NY 10022

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

Tananbaum Steven A.

(Last) (First) (Middle)

300 PARK AVENUE

21ST FLOOR

(Street)

NEW YORK NY 10022

(City) (State) (Zip)

Explanation of Responses:

1. See Exhibit 99.1; footnote (1).

2. See Exhibit 99.1; footnote (2).

3. See Exhibit 99.1; footnote (3).

4. See Exhibit 99.1; footnote (4).

5. See Exhibit 99.1; footnote (5).

6. See Exhibit 99.1; footnote (6).

7. See Exhibit 99.1; footnote (7).

8. See Exhibit 99.1; footnote (8).

9. See Exhibit 99.1; footnote (9).

10. See Exhibit 99.1; footnote (10).

11. See Exhibit 99.1; footnote (11).

Remarks:

List of Exhibits: Exhibit 99.1: Explanation of Responses Solely for purposes of Section 16 of the Exchange Act, each of the Advisor and, by virtue of their control of the Advisor, the General Partner and Steven A. Tananbaum may be deemed to be directors-by-deputization by virtue of the contractual right of the Advisor to designate a member of the board of directors of EGLE. Casey Shanley has been designated by the Advisor to serve as a member of EGLE's board of directors.

	GoldenTree Asset Management LP, By: GoldenTree Asset Management LLC, its General Partner, By: /s/ Steven A. Tananbaum, its Managing Member	03/31/2016
	GoldenTree Asset Management LLC, By: /s/ Steven A. Tananbaum, its Managing Member	03/31/2016
	/s/ Steven A. Tananbaum	03/31/2016
	** Signature of Reporting Person	Date
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