SEC Form 4 · accession 0001606909-17-000058
Pangaea Logistics Solutions Ltd. · PANL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Eric Rosenfeld
Director
Period of report
Jun 15, 2017
Accepted (ET)
Jun 19, 2017 · 4:32 pm EDT
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,F2 | Jun 15, 2017 | A | 355,556 | $2.25 | A | 355,556 | I | by Crescendo Partners III, L.P. |
| Common Share $0.0001 Par Value | holding | — | — | — | 431,532 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Common Shares were purchased in an unregistered private placement by the Company pursuant to a subscription agreement dated as of June 15, 2017.
- F2The reported shares are owned by Crescendo Partners III, L.P. Mr. Rosenfeld is the Managing Member of Crescendo Investments III, LLC, which is the General Partner of Crescendo Partners III, L.P. Mr. Rosenfeld disclaims beneficial ownership of the reported shares, except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that Mr. Rosenfeld is the beneficial owner of these shares for purposes of Section 16 or for any other purpose.