SEC Form 4 · accession 0001606909-16-000278
Pangaea Logistics Solutions Ltd. · PANL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David Sgro
Director
Period of report
Nov 7, 2016
Accepted (ET)
Nov 9, 2016 · 4:25 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001606909
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Share $0.0001 Par ValueF1 | Nov 7, 2016 | A | 5,041 | $0.00 | A | 133,632 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Shares are subject to a Restricted Share Grant Notice and Agreement and were issued pursuant to the Pangaea Logistics Solutions Ltd. 2014 Share Incentive Plan (as amended and restated by the Board of Directors on May 9, 2016). Fifty percent of the shares vest on the first anniversary of the date of grant and the remaining fifty percent vest on the second anniversary of the date of grant, subject to accelerated vesting in certain circumstances.