SEC Form 4 · accession 0001622009-15-000001
Pangaea Logistics Solutions Ltd. · PANL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Edward Coll
Officer — Chief Executive Officer · Director · 10% Owner
Period of report
Aug 28, 2015
Accepted (ET)
Aug 31, 2015 · 2:40 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 Stock, par value $0.0001 per shareF1,F2 | Aug 28, 2015 | P | 11,904 | $3.29 | A | 7,507,077 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The 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.
- F2Shares 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.