ROYCE JOSEPH E 4
4 · TBS INTERNATIONAL LTD · Filed Dec 9, 2008
Insider Transaction Report
Form 4
ROYCE JOSEPH E
DirectorPresident and CEO10% Owner
Transactions
- Purchase
Class A Common Shares, par value $0.01 per shares
2008-12-05$4.31/sh+92,706$399,275→ 92,706 total
Holdings
- 1,719,287(indirect: By Trust)
Class B Common Shares, par value $0.01 per share
→ Class A Common Shares (1,719,287 underlying) - 745,726(indirect: By Spouse)
Class B Common Shares, par value $0.01 per share
→ Class A Common Shares (745,726 underlying) - 1,770,032(indirect: By Trust)
Class B Common Shares, par value $0.01 per share
→ Class A Common Shares (1,770,032 underlying) - 546,786(indirect: By Trust)
Class B Common Shares, par value $0.01 per share
→ Class A Common Shares (546,786 underlying) - 796,472
Class B Common Shares, par value $0.01 per share
→ Class A Common Shares (796,472 underlying) - 1,446,208(indirect: By Trust)
Class A Common Shares, par value $0.01 per shares
Footnotes (2)
- [F1]Mr. Royce previously reported indirect beneficial ownership of 684,890 Class A shares and 1,327,200 Class B shares that were owned by Treetops Holdings LLC. He disclaimed beneficial ownership of these shares. Mr. Royce's spouse, Ms. Elaine M. Royce, previously acted as trustee for the Jeanine Royce 1997 Trust and the Laura Royce 1997 Trust, which jointly own Treetops Holdings LLC. Effective May 6, 2008, Ms. Royce resigned as trustee of the Royce 1997 trusts, and Deutsche Bank Trust Company Delaware succeeded as independent trustee, and therefore these shares are no longer reported as indirectly beneficially owned.
- [F2]Class B Common Shares are convertible into Class A Common Shares on a one-for-one basis at any time and have no expiration date.