TBS INTERNATIONAL LTD 4
4 · TBS INTERNATIONAL LTD · Filed Jul 1, 2005
Insider Transaction Report
Form 4
Bayley James W
DirectorVice President
Transactions
- Exercise/Conversion
Class B Common Shares, par value $0.01 per share
2005-06-29+896,268→ 796,268 total - Exercise/Conversion
Class B Common Shares, par value $0.004 per share
2005-06-29−538,500→ 0 total→ See Note - Exercise/Conversion
Class A Common Shares, par value $0.01 per share
2005-06-29+462,511→ 462,511 total - Sale
Class A Common Shares, par value $0.01 per share
2005-06-29$10.00/sh−71,210$712,100→ 491,301 total
Footnotes (7)
- [F1]These shares resulted from the share conversions, consolidations, redesignations and warrant exercise of the Issuer's issued and outstanding shares which are expected to occur in conjunction with its planned initial public offering and reflected in the Issuer's Form S-1 (File No. 333-123157).
- [F2]These shares are directly held by Standcrown (Gibraltar) Limited, a company beneficially owned by James Bayley.
- [F3]Pursuant to the provisions in the Issuer's amended and restated bye-laws, these shares are convertible into an equal number of Class A common shares, par value $0.01 per share.
- [F4]Pursuant to the provisions in the Issuer's amended and restated bye-laws, these shares are convertible into an equal number of Class B common shares, par value $0.01 per share.
- [F5]These shares automatically converted upon the share conversions, consolidations, redesignations and warrant exercise of the Issuer's issued and outstanding shares which are expected to occur in conjunction with its planned initial public offering and reflected in the Issuer's Form S-1 (File No. 333-123157).
- [F6]Not applicable.
- [F7]In conjunction with the Issuer's planned initial public offering, these Class B common shares, par value $0.004 per share, converted into 462,511 New Class A common shares, par value $0.01 per share, and 896,268 New Class B common shares, par value $0.01 per share, of the Issuer.