Pangaea Logistics Solutions Ltd. — Director's Dealing 2015

May 12, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Pangaea Logistics Solutions Ltd. (PANL)
CIK: 0001606909
Period of Report: 2015-05-08

Reporting Person: Sgro David (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-05-08	Common Stock, Par Value $0.0001 per share	A	10000	—	Acquired	85568	Direct

Footnotes

F1: Shares are subject to a Restricted Share Grant Notice and Agreement and were issued pursuant to the 2014 Share Incentive Plan. Fifty percent of the shares vest on the first anniversary of the date of grant, with the remaining fifty percent to vest on the second anniversary of the date of grant, subject to accelerated vesting in certain circumstances.