Filing Details

Accession Number:
0001622009-15-000001
Form Type:
4
Zero Holdings:
No
Publication Time:
2015-08-31 14:40:50
Reporting Period:
2015-08-28
Filing Date:
2015-08-31
Accepted Time:
2015-08-31 14:40:50
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1606909 Pangaea Logistics Solutions Ltd. PANL Deep Sea Foreign Transportation Of Freight (4412) 000000000
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1622009 Edward Coll C/O Pangaea Logistics Solutions Ltd.
109 Long Wharf
Newport RI 02840
Chief Executive Officer Yes Yes Yes No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock, Par Value $0.0001 Per Share Acquisiton 2015-08-28 11,904 $3.29 7,507,077 No 4 P Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Direct
Footnotes
  1. The price reported in Column 4 is a weighted average price. These shares of Common Stock were purchased in multiple transactions at prices ranging from $3.25 to $3.30, inclusive. The reporting person undertakes to provide to Pangaea Logistics Solutions, Ltd. (the "Issuer"), any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
  2. Shares owned by Edward Coll include 7,361,873 restricted common shares and 25,204 common shares acquired in open market purchases. In addition, 120,000 restricted common shares are held by three irrevocable trusts for the benefit of his children Mr. Coll has sole or shared voting power or investment power of all these common shares. Accordingly, solely for purposes of reporting beneficial ownership of such shares pursuant to Section 13(d) of the Exchange Act, Mr. Coll may be deemed to be the beneficial owner of these shares.