<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>dkm25.txt
<DESCRIPTION>DAVID MISKOWIEC'S FORM 4 FOR MAY 2001
<TEXT>
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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
[_] Check box if no longer subject of Section 16. Form 4 or Form 5 obligations
may continue. See Instruction 1(b).
________________________________________________________________________________
1. Name and Address of Reporting Person*
Miskowiec David A.
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(Last) (First) (Middle)
10405 New Berlin Road E.
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(Street)
Jacksonville FL 32226
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(City) (State) (Zip)
________________________________________________________________________________
2. Issuer Name and Ticker or Trading Symbol
Trailer Bridge, Inc. (TRBR)
________________________________________________________________________________
3. IRS Identification Number of Reporting Person, if an Entity (Voluntary)
________________________________________________________________________________
4. Statement for Month/Year
May, 2001
________________________________________________________________________________
5. If Amendment, Date of Original (Month/Year)
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6. Relationship of Reporting Person to Issuer
(Check all applicable)
[_] Director [_] 10% Owner
[X] Officer (give title below) [_] Other (specify below)
Vice President - Sales
________________________________________________________________________________
7. Individual or Joint/Group Filing (Check applicable line)
[X] Form filed by one Reporting Person
[_] Form filed by more than one Reporting Person
________________________________________________________________________________
<PAGE>
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Table I -- Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
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<TABLE>
<CAPTION>
6.
4. 5. Owner-
Securities Acquired (A) or Amount of ship
3. Disposed of (D) Securities Form: 7.
Transaction (Instr. 3, 4 and 5) Beneficially Direct Nature of
2. Code ------------------------------- Owned at End (D) or Indirect
1. Transaction (Instr. 8) (A) of Month Indirect Beneficial
Title of Security Date ------------ Amount or Price (Instr. 3 (I) Ownership
(Instr. 3) (mm/dd/yy) Code V (D) and 4) (Instr.4) (Instr. 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Common Stock 5,000 D
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</TABLE>
* If the Form is filed by more than one Reporting Person, see Instruction
4(b)(v).
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
(Print or Type Responses)
(Over)
(Form 4-07/98)
<PAGE>
FORM 4 (continued)
Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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<TABLE>
<CAPTION>
10.
9. Owner-
Number ship
of Form
2. Deriv- of
Conver- 5. 7. ative Deriv- 11.
sion Number of Title and Amount Secur- ative Nature
or Derivative 6. of Underlying 8. ities Secur- of
Exer- 4. Securities Date Securities Price Bene- ity: In-
cise 3. Trans- Acquired (A) Exercisable and (Instr. 3 and 4) of ficially Direct direct
Price Trans- action or Disposed Expiration Date ---------------- Deriv- Owned (D) or Bene-
1. of action Code of(D) (Month/Day/Year) Amount ative at End In- ficial
Title of Deriv- Date (Instr. (Instr. 3, ---------------- or Secur- of direct Owner-
Derivative ative (Month/ 8) 4 and 5) Date Expira- Number ity Month (I) ship
Security Secur- Day/ ------ ------------ Exer- tion of (Instr. (Instr. (Instr. (Instr.
(Instr. 3) ity Year) Code V (A) (D) cisable Date Title Shares 5) 4) 4) 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Option to
Purchase (1) $10.00 7/22/97 7/29/98 7/22/07 Com 516 516 D
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Option to
Purchase (1) $10.00 7/22/97 7/29/99 7/22/07 Com 516 516 D
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Option to
Purchase (1) $10.00 7/22/97 7/29/00 7/22/07 Com 516 516 D
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Option to
Purchase (1) $10.00 7/22/97 7/29/01 7/22/07 Com 515 515 D
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Option to
Purchase (1) $10.00 7/22/97 7/29/02 7/22/07 Com 515 515 D
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Option to
Purchase (2) $ 2.25 3/23/99 3/23/00 3/23/09 Com 5,600 5,600 D
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Option to
Purchase (2) $ 2.25 3/23/99 3/23/01 3/23/09 Com 5,600 5,600 D
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Option to
Purchase (2) $ 2.25 3/23/99 3/23/02 3/23/09 Com 5,600 5,600 D
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Option to
Purchase (2) $ 2.25 3/23/99 3/23/03 3/23/09 Com 5,600 5,600 D
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Option to
Purchase (2) $ 2.25 3/23/99 3/23/04 3/23/09 Com 5,600 5,600 D
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Option to
Purchase (3) $2.843 5/16/01 A V 7,680 7/25/01 7/25/10 Com 7,680 7,680 D
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Option to
Purchase (3) $2.843 5/16/01 A V 7,680 7/25/02 7/25/10 Com 7,680 7,680 D
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Option to
Purchase (3) $2.843 5/16/01 A V 7,680 7/25/03 7/25/10 Com 7,680 7,680 D
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Option to
Purchase (3) $2.843 5/16/01 A V 7,680 7/25/04 7/25/10 Com 7,680 7,680 D
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Option to
Purchase (3) $2.843 5/16/01 A V 7,680 7/25/05 7/25/10 Com 7,680 7,680 D
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</TABLE>
<PAGE>
Explanation of Responses:
(1) Employee stock options under Rule 16b-3 plan. Options vest 20% per year
beginning January 16, 1999.
(2) Employee stock options under Rule 16b-3 plan. Options vest 20% per year
beginning March 23, 2000.
(3) Employee stock options under Rule 16b-3 plan granted on July 25, 2000,
subject to shareholder approval, which was obtained on May 16, 2001. Options
vest 20% per year beginning July 25, 2001.
/s/ William G. Gotimer, Jr. June 1, 2001
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William G. Gotimer, Jr. Date
Attorney-in-Fact for David A. Miskowiec
** Intentional misstatements or omissions of facts constitute Federal
Criminal Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient, see Instruction 6 for procedure.
Page 2
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