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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Pangaea Logistics Solutions Ltd | NASDAQ:PANL | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.065 | -0.83% | 7.805 | 7.80 | 7.81 | 7.885 | 7.75 | 7.85 | 61,622 | 17:33:38 |
Payment of Filing Fee (Check the appropriate box):
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No fee required
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Fee computed on table below per Exchange Act Rules 14c-5(g) and 0-11.
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Title of each class of securities to which transaction applies:
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Aggregate number of securities to which transaction applies:
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(3)
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Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined):
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(4)
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Proposed maximum aggregate value of transaction:
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(5)
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Total fee paid:
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¨
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Fee previously paid with preliminary materials.
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Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a) (2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the form or schedule and the date of its filing.
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(1)
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Amount Previously Paid:
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(2)
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Form, Schedule or Registration Statement No.:
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(3)
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Filing Party:
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(4)
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Date Filed:
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June , 2017
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/s/ Edward Coll
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Name: Edward Coll
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Title: Chief Executive Officer
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Name and Title
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Number of Common
Shares to be Purchased
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Aggregate Difference
Between Market Price
and Purchase Price
(1)
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Robert Seward
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4,444
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$
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2,222.00
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Neil A. McLaughlin
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22,222
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11,111.00
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Gianni DelSignore
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22,222
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11,111.00
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Mark Filanowski
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44,444
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22,222.00
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Edward Coll
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842,894
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421,447.00
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Carl Claus Boggild
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842,894
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421,447.00
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Anthony Laura
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263,101
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131,550.50
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Crescendo Partners III, L.P.
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355,556
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177,778.00
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Jamarant Capital L.P.
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66,667
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33,333.50
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2,464,444
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$
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1,232,222
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(1)
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The Aggregate Difference Between the Market Price and Purchase Price in this column is calculated by multiplying the number of Insider Shares to be purchased by the difference between the purchase price of
$2.25
per share of Common Stock and the closing market price on
June 15, 2017
of
$2.75
per share of Common Stock.
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Shares Beneficially Owned
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Name
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Number
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Percentage
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Edward Coll, CEO and Chairman
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7,507,077
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20.15
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%
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Carl Claus Boggild, Director
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7,417,105
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19.91
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%
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Anthony Laura, Director
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2,335,382
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6.27
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%
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Peter Yu
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14,045,397
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37.69
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%
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31,304,961
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84.02
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%
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Name and Address of Beneficial Owner
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Amount and
Nature of Beneficial Ownership |
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Approximate
Percentage of Beneficial Ownership (1) |
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Directors and Executive Officers:
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Edward Coll, CEO and Chairman
(2)
41 Sigourney Road
Portsmouth, RI 02871
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7,507,077
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20.15
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%
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Mark L. Filanowski, COO and Director
71 Arrowhead Way
Darien, CT 06820-5507
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80,113
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0.21
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%
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Gianni DelSignore, CFO
257 Wickham Road
North Kingstown, RI 02852
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52,833
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0.14
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%
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Carl Claus Boggild, Director
(3)
c/o Phoenix Bulk Carriers (US) LLC
109 Long Wharf
Newport, RI 02840
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7,417,105
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19.91
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%
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Anthony Laura, Director
2420 NW 53rd Street
Boca Raton, FL 33496
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2,335,382
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6.27
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%
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Peter Yu
(4)
c/o Cartesian Capital Group, LLC
505 Fifth Avenue, 15th Floor New York, NY 10017 |
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14,045,397
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37.69
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%
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Richard T. du Moulin, Director
52 Elm Avenue
Larchmont, NY 10538
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74,956
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.20
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%
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Eric S. Rosenfeld
777 Third Ave. 37th Floor
New York, NY 10017
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431,532
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1.16
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%
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David D. Sgro
777 Third Ave. 37th Floor
New York, NY 10017
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156,498
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.42
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%
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Paul Hong
c/o Cartesian Capital Group, LLC
505 Fifth Avenue, 15th Floor New York, NY 10017 |
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-
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-
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%
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All Directors and Officers as a Group
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32,100,893
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86.15
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%
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Five Percent Holders:
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Edward Coll
(2)
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7,507,077
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20.15
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%
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Lagoa Investments
(3)
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7,417,105
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19.91
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%
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Peter Yu
(4)
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14,045,397
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37.69
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%
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Pangaea One (Cayman), L.P.
c/o Cartesian Capital Group, LLC 505 Fifth Avenue, 15th Floor New York, NY 10017 |
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3,297,254
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9.02
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%
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Pangaea One Parallel Fund, L.P.
c/o Cartesian Capital Group, LLC 505 Fifth Avenue, 15th Floor New York, NY 10017 |
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3,081,156
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8.43
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%
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Anthony Laura, Director
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2,335,382
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6.27
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%
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(1)
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The beneficial ownership of the common shares by the shareholders set forth in the table is determined in accordance with Rule 13d-3 under the Exchange Act, and the information is not necessarily indicative of beneficial ownership for any other purpose. Under such rule, beneficial ownership includes any common shares as to which the shareholder has sole or shared voting power or investment power and also any common shares that the shareholder has the right to acquire within 60 days. The percentage of beneficial ownership
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(2)
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Shares owned by Edward Coll include 120,000 common shares held by three irrevocable trusts for the benefit of his children as well as 25,204 open market purchases, all as to which Mr. Coll has sole or shared voting power or investment power. 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.
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(3)
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Shares owned by Lagoa Investments. Mr. Boggild is the Managing Director of Lagoa Investments and solely for purposes of reporting beneficial ownership of such shares pursuant to Section 13(d) of the Exchange Act, Mr. Boggild may be deemed to be the beneficial owner of the shares held by Lagoa Investments.
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(4)
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Mr. Yu is a principal officer or director of the entity directly or indirectly controlling the general partner of each of Pangaea One Acquisition Holdings XIV, LLC., Pangaea One (Cayman), L.P., Pangaea One Parallel Fund, L.P., Pangaea One Parallel Fund (B), L.P., Leggonly, L.P., Malemod, L.P., Imfinno, L.P., and Nypsun, L.P. (collectively, the “
Pangaea One Entities
”). Accordingly, solely for purposes of reporting beneficial ownership of such shares pursuant to Section 13(d) of the Exchange Act, Mr. Yu may be deemed to be the beneficial owner of the shares held by the Pangaea One Entities.
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June , 2017
|
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|
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/s/ Edward Coll
|
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Name: Edward Coll
|
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Title: Chief Executive Officer
|
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1 Year Pangaea Logistics Soluti... Chart |
1 Month Pangaea Logistics Soluti... Chart |
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