Pangaea Logistics Solutions Ltd. — Director's Dealing 2015

Aug 31, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

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

Reporting Person: Coll Edward (Director, Chief Executive Officer, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-08-28	Common Stock, par value $0.0001 per share	P	11904	$3.29	Acquired	7507077	Direct

Footnotes

F1: The price reported in Column 4 is a weighted average price. These shares of Common Stock were purchased in multiple transactions at prices ranging from $3.25 to $3.30, inclusive. The reporting person undertakes to provide to Pangaea Logistics Solutions, Ltd. (the "Issuer"), any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F2: Shares owned by Edward Coll include 7,361,873 restricted common shares and 25,204 common shares acquired in open market purchases. In addition, 120,000 restricted common shares are held by three irrevocable trusts for the benefit of his children Mr. Coll has sole or shared voting power or investment power of all these common shares. Accordingly, solely for purposes of reporting beneficial ownership of such shares pursuant to Section 13(d) of the Exchange Act, Mr. Coll may be deemed to be the beneficial owner of these shares.