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