SEC Form 4 · accession 0001104659-16-111443

Rand Logistics, Inc. · RLOG

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

10% Owner

Period of report

Apr 12, 2016

Accepted (ET)

Apr 14, 2016 · 2:31 pm EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001294250

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock^F1,F3	Apr 12, 2016	S	44,600	$0.87	D	483,040	I	By Knott Partners, L.P.
Common Stock^F1,F3	Apr 12, 2016	S	9,400	$0.87	D	278,148	I	By Shoshone Partners, L.P.
Common Stock^F1,F3	Apr 12, 2016	S	85,840	$0.8605	D	397,200	I	By Knott Partners, L.P.
Common Stock^F1,F3	Apr 12, 2016	S	18,013	$0.8605	D	260,135	I	By Shoshone Partners, L.P.
Common Stock^F1,F3	holding	—	—		—	7,100	I	By Mulsanne Partners, L.P.
Common Stock^F2,F3	holding	—	—		—	900	I	By Managed Account

No Table II lines on this filing.

F1The Reporting Person is: (a) the managing member of Knott Partners Management, LLC, which is (i) the sole general partner of Shoshone Partners, L.P., and (ii) the managing general partner of Knott Partners, L.P.; and (b) the sole member of Mabon Capital Management, LLC, which is the sole general partner of Mulsanne Partners, L.P. The Reporting Person is also a general partner of Knott Partners, L.P.
F2The Reporting Person is the sole director and the president of Dorset Management Corporation, which provides investment management services to separate institutional managed accounts (each, a "Managed Account").
F3As a result of the Reporting Person's interests in Knott Partners Management, LLC and in Dorset Management Corporation, the Reporting Person has investment discretion and control of the securities represented in this entry. The Reporting Person may be deemed to beneficially own an indirect pecuniary interest in the securities represented in this entry as a result of its performance-related fee. Except with respect to Knott Partners, L.P., Shoshone Partners, L.P., and Mulsanne Partners, L.P., in which the Reporting Person owns a beneficial interest, the Reporting Person disclaims beneficial ownership therein except to the extent ultimately realized. Each of Knott Partners, L.P., Shoshone Partners, L.P., Mulsanne Partners, L.P., and the Managed Account disclaim beneficial ownership of securities reported as owned by any other party.