0001193805-15-001772.txt : 20151028
0001193805-15-001772.hdr.sgml : 20151028
20151028184055
ACCESSION NUMBER: 0001193805-15-001772
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20151027
FILED AS OF DATE: 20151028
DATE AS OF CHANGE: 20151028
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Rand Logistics, Inc.
CENTRAL INDEX KEY: 0001294250
STANDARD INDUSTRIAL CLASSIFICATION: WATER TRANSPORTATION [4400]
IRS NUMBER: 201195343
STATE OF INCORPORATION: DE
FISCAL YEAR END: 0331
BUSINESS ADDRESS:
STREET 1: 500 FIFTH AVENUE
STREET 2: 50TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10110
BUSINESS PHONE: 212-644-3450
MAIL ADDRESS:
STREET 1: 500 FIFTH AVENUE
STREET 2: 50TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10110
FORMER COMPANY:
FORMER CONFORMED NAME: Rand Acquisition CORP
DATE OF NAME CHANGE: 20040618
FORMER COMPANY:
FORMER CONFORMED NAME: Grand Slam Acquisition CORP
DATE OF NAME CHANGE: 20040617
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: HILTWEIN MARK S
CENTRAL INDEX KEY: 0001164468
STATE OF INCORPORATION: A6
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-33345
FILM NUMBER: 151181366
MAIL ADDRESS:
STREET 1: BROWN RUDNICK LLP
STREET 2: ONE FINANCIAL CENTER
CITY: BOSTON
STATE: MA
ZIP: 02111
4
1
e614218_4-mark.xml
OWNERSHIP DOCUMENT
X0306
4
2015-10-27
0
0001294250
Rand Logistics, Inc.
RLOG
0001164468
HILTWEIN MARK S
500 FIFTH AVENUE
50TH FLOOR
NEW YORK
NY
10110
0
1
0
0
CFO
Employee Stock Option (Right to Buy)
2.19
2015-10-27
4
A
0
35000
0
A
2016-10-27
2025-10-27
Common Stock
35000
35000
D
Employee Stock Option (Right to Buy)
2.19
2015-10-27
4
A
0
65000
0
A
2025-10-27
Common Stock
65000
65000
D
On October 27, 2015, the Reporting Person was granted the option to purchase 35,000 shares of common stock. The Options were issued pursuant to the Issuer's 2007 Long-Term Incentive Plan and will vest yearly in three equal installments beginning on October 27, 2016.
The options were issued pursuant to the Issuer's 2007 Long-Term Incentive Plan. The first 20% of the options become exercisable if the average closing price of Rand Logistics common stock over any 20 day period as reported on the Nasdaq Capital Markets is $4.00 per share on or before three years from the Grant Date. The next 25% of the options become exercisable if the average closing price of Rand Logistics common stock over any 20 day period as reported on the Nasdaq Capital Markets is $4.50 per share on or before three years from the Grant Date. The last 55% of the options become exercisable if the average closing price of Rand Logistics common stock over any 20 day period as reported on the Nasdaq Capital Markets is $5.00 per share on or before three years from the Grant Date.
/s/ Mark S. Hiltwein
2015-10-28