McNelis Gregg L 4
4 · TBS International plc · Filed Aug 9, 2011
Insider Transaction Report
Form 4
McNelis Gregg L
DirectorSenior Exec. VP and COO10% Owner
Transactions
- Award
Class A Ordinary Shares, par value $0.01 per share
2011-08-05+12,196→ 122,990 total
Holdings
- 178,432(indirect: By Trust)
Class A Ordinary Shares, par value $0.01 per share
- 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) - 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) - 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) - 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) - 178,432(indirect: By Trust)
Class A Ordinary Shares, par value $0.01 per share
- 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) - 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) - 51,159(indirect: By Spouse)
Class B Ordinary Shares, par value $0.01 per share
→ Class A Ordinary shares, par value $0.01 per share (51,159 underlying)
Footnotes (5)
- [F1]Restricted Class A Ordinary Shares were granted to the individual on August 5, 2011 and will vest in two equal annual installments beginning July 31, 2012.
- [F2]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.
- [F3]Series 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.
- [F4]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.
- [F5]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.