Pangaea Logistics Solutions Ltd. — Director's Dealing 2015

Aug 31, 2015

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: Pangaea Logistics Solutions Ltd. (PANL)
CIK: 0001606909
Period of Report: 2015-08-28

Reporting Person: Pangaea One Acquisition Holdings XIV, LLC (10% Owner)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, par value $0.01 per share ("Common Stock")	40000	Direct
Common Stock, par value $0.01 per share ("Common Stock")	40000	Indirect

Footnotes

F1: 20,000 shares acquired pursuant to a Stock Transfer Agreement dates August 28,2015, by and between Paul Hong and Pangaea One Acquisition Holdings XIV, LLC ("Pangaea Acquisition") and 20,000 shares acquired pursuant to a Stock Transfer Agreement dated August 28,2015, by and between Pangaea Acquisition.

F2: Pangaea One, L.P., a Delaware limited partnership ("Pangaea One"), Pangaea Parallel (B), a Delaware limited partnership("Pangaea Parallel (B)"), Pangaea One (Cayman), L.P., a Cayman Islands limited partnership ("Pangaea Cayman") and Pangaea One Parallel Fund, L.P., a Cayman limited partnership ("Pangaea Parallel"). Pangaea One disclaims beneficial ownership with respect to any shares of Common Stock of Pangaea Logistics Solutions Ltd., except to the extent of its pecuniary interest in such shares of Common Stock and this report shall not be deemed an admission that for purposed of Section 16 of the Securities Exchange Act of 1934 or otherwise, Pangaea One is the beneficial owner of the securities. Pangaea Parallel (B), Pangaea Cayman and Pangaea Parallel have reported their indirect ownership of such shares on a Form 4 filed as of the date hereof.