4//SEC Filing
Rand Logistics, Inc. 4
Accession 0001104659-16-104710
CIK 0001294250operating
Filed
Mar 13, 8:00 PM ET
Accepted
Mar 14, 10:03 AM ET
Size
11.1 KB
Accession
0001104659-16-104710
Insider Transaction Report
Form 4
KNOTT DAVID M
10% Owner
Transactions
- Other
Series A Convertible Preferred Stock
2016-03-10−3,580→ 0 total(indirect: By Managed Account)Exercise: $6.20→ Common Stock (28,870 underlying)
Holdings
- 111,070(indirect: By Knott Partners, L.P.)
Series A Convertible Preferred Stock
Exercise: $6.20→ Common Stock (895,725 underlying) - 34,410(indirect: By Knott Partners Offshore Master Fund, L.P.)
Series A Convertible Preferred Stock
Exercise: $6.20→ Common Stock (277,500 underlying)
Footnotes (6)
- [F1]The Reporting Person is the managing member of Knott Partners Management, LLC, which is the managing general partner of Knott Partners, L.P. The Reporting Person is also the sole general partner of Knott Partners Offshore Master Fund, L.P., and a general partner of Knott Partners, L.P.
- [F2]The Reporting Person is the sole director and the president of Dorset Management Corporation, which provides investment management services to separate institutional managed accounts (each, a "Managed Account").
- [F3]As a result of the Reporting Person's interests in Knott Partners Management, LLC, the Reporting Person has investment discretion and control of the securities represented in this entry. The Reporting Person may be deemed to beneficially own an indirect pecuniary interest in the securities represented in this entry as a result of its performance-related fee. The Reporting Person disclaims beneficial ownership of any of the securities represented in this entry except to the extent of the Reporting Person's pecuniary interest therein, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 or any other purpose. Each of Knott Partners, L.P., Knott Partners Offshore Master Fund, L.P., and the Managed Account disclaim beneficial ownership of securities reported as beneficially owned by any other party.
- [F4]As of the date reported in Column 3 of Table II, the Reporting Person no longer has, as president of Dorset Management Corporation, any investment discretion or control of, or any performance-related fee from, the securities represented in this entry. Notwithstanding anything contained herein to the contrary, this report shall not be deemed an admission that the Reporting Person was ever the beneficial owner of such securities for purposes of Section 16 or any other purpose except to the extent any such beneficial ownership was deemed to exist through the Reporting Person's pecuniary interest therein as a result of its performance-related fee.
- [F5]The Series A Convertible Preferred Stock is fully convertible and does not expire.
- [F6]The transaction reported in Table II was without consideration and reflects that, as of the date reported in Column 3, (a) neither the Reporting Person nor Dorset Management Corporation any longer provides investment management services to the Managed Account, and (b) the Reporting Person no longer has, as president of Dorset Management Corporation, any investment discretion or control of the securities represented in this entry.
Documents
Issuer
Rand Logistics, Inc.
CIK 0001294250
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001294250
Filing Metadata
- Form type
- 4
- Filed
- Mar 13, 8:00 PM ET
- Accepted
- Mar 14, 10:03 AM ET
- Size
- 11.1 KB