McNelis Gregg L 4
4 · TBS International plc · Filed Jul 5, 2011
Insider Transaction Report
Form 4
McNelis Gregg L
DirectorSenior Exec. VP and COO10% Owner
Transactions
- Tax Payment
Class A Ordinary Shares, par value $0.01 per share
2011-06-30$1.85/sh−6,979$12,911→ 110,794 total
Holdings
- 13,596
Series A Preference Shares, par value $0.01 per share
→ Class A Ordinary Shares, par value $0.01 per share (683,199 underlying) - 51,159(indirect: By the Gregg L. McNelis 2006 GRAT)
Class B Ordinary Shares, par value $0.01 per share
→ Class A Ordinary Shares, par value $0.01 per share (51,159 underlying) - 178,432(indirect: By Trust)
Class A Ordinary Shares, par value $0.01 per share
- 318,574(indirect: By Spouse)
Class B Ordinary Shares, par value $0.01 per share
→ Class A Ordinary Shares, par value $0.01 per share (318,574 underlying) - 243,267(indirect: By Trust)
Class B Ordinary Shares, par value $0.01 per share
→ Class A Ordinary Shares, par value $0.01 per share (243,267 underlying) - 5,827
Series B Preference Shares, par value $0.01 per share
→ Class B Ordinary Shares, par value $0.01 per share (149,365 underlying) - 1,027,727
Class B Ordinary Shares, par value $0.01 per share
→ Class A Ordinary Shares, par value $0.01 per share (1,027,727 underlying)
Footnotes (6)
- [F1]Shares withheld for the purpose of paying taxes incurred as a result of vesting of restricted shares.
- [F2]Includes 56,250 unvested shares of restricted stock which will vest in three equal annual installments beginning June 30, 2012.
- [F3]The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.
- [F4]ries B Preference Shares are convertible into Class B Ordinary Shares on a 25.6333-for-1 basis at any time and have no expiration date. If the Series B Preference Shares remain outstanding, the applicable conversion rate will change as follows: 26.4023-for-1 beginning December 31, 2011; 27.1944-for-1 beginning June 30, 2012; 28.0102-for-1 beginning December 31, 2012; 28.8505-for-1 beginning June 30, 2013; 29.7161-for-1 beginning December 31, 2013; 30.6075-for-1 beginning June 30, 2014; and 31.5258-for-1 beginning December 31, 2014.
- [F5]Class B Ordinary Shares currently are convertible into Class A Ordinary Shares on a one-for-one basis at any time and have no expiration date.
- [F6]Series A Preference Shares are convertible into Class A Ordinary Shares on a 50.2500-for-1 basis at any time and have no expiration date. If the Series A Preference Shares remain outstanding, the applicable conversion rate will change as follows: 51.7575-for-1 beginning December 31, 2011; 53.3102-for-1 beginning June 30, 2012; 54.9095-for-1 beginning December 31, 2012; 56.5568-for-1 beginning June 30, 2013; 58.2535-for-1 beginning December 31, 2013; 60.0011-for-1 beginning June 30, 2014; and 61.8012-for-1 beginning December 31, 2014.