-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, IIJlcrLWl9Oii3AITuGYCcCYsroYRiSaUn1m7ocKvWx23AhywuZgyOvHz5O9MMTu XT+PHt8nVkp7yWsR1rzaxQ== 0001193805-06-001928.txt : 20060807 0001193805-06-001928.hdr.sgml : 20060807 20060807172232 ACCESSION NUMBER: 0001193805-06-001928 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20060807 DATE AS OF CHANGE: 20060807 GROUP MEMBERS: KIER FAMILY, L.P. SUBJECT COMPANY: 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 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-80134 FILM NUMBER: 061010073 BUSINESS ADDRESS: STREET 1: 595 MADISON AVENUE, 35TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 212-644-3450 MAIL ADDRESS: STREET 1: 595 MADISON AVENUE, 35TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 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 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: KIER ISAAC CENTRAL INDEX KEY: 0001134574 FILING VALUES: FORM TYPE: SC 13D/A MAIL ADDRESS: STREET 1: C/O COQUI CAPITAL PARTNERS STREET 2: 1775 BROADWAY CITY: NEW YORK STATE: NY ZIP: 10019 SC 13D/A 1 e600872_sc13da-rand.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 1) Rand Logistics, Inc. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, $.0001 par value - -------------------------------------------------------------------------------- (Title of Class of Securities) 752182105 - -------------------------------------------------------------------------------- (CUSIP Number) Todd Emmerman, Esq. Katten Muchin Rosenman LLP 575 Madison Avenue New York, NY 10022 (212) 940-8873 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) August 2, 2006 - -------------------------------------------------------------------------------- (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1 (b)(3) or (4), check the following box. |_| Note: Six copies of this statement, including all exhibits, should be filed with the Commission. See Rule 13d-1(a) for other parties to whom copies are to be sent. *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 (the "Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 752182105 13D - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Isaac Kier - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |X| (b) |_| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* PF - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |_| - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 673,000 shares ----------------------------------------------------------------- NUMBER OF 8 SHARED VOTING POWER SHARES BENEFICIALLY 34,000 shares OWNED BY ----------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING PERSON 673,000 shares WITH ----------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 34,000 shares - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 707,000 shares - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 8.2% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 2 of 7 CUSIP No. 752182105 13D - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Kier Family, L.P. - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |X| (b) |_| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* OO - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |_| - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 200,000 shares ----------------------------------------------------------------- NUMBER OF 8 SHARED VOTING POWER SHARES BENEFICIALLY 0 shares OWNED BY ----------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING PERSON 200,000 shares WITH ----------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 0 shares - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 200,000 shares - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 2.4% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* PN - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 3 of 7 This Amendment No. 1 amends and supplements the following items on the Statement on Schedule 13D filed by Isaac Kier and Kier Family, L.P. (the "Reporting Persons") on March 30, 2006 (the "Schedule") SCHEDULE 13D Item 4. Purpose of Transaction (a) Mr. Kier is a member of the issuer's Board of Directors. The Reporting Persons disposed of the securities reported in item 5(c) in order to facilitate compliance with the independent director requirements under the Nasdaq listing requirements with respect to Mr. Kier serving as an independent director of the Company. Item 5. Interest in Securities of the Issuer. (a) (i) Mr. Kier beneficially owns 707,000 shares, comprised of (i)100,000 shares of Common Stock and (ii) 607,000 shares of Common Stock underlying presently exercisable warrants constituting approximately 8.2% of the shares of Common Stock outstanding. (ii) Kier Family, L.P. (the "Partnership") may be deemed beneficially to own 200,000 shares of Common Stock underlying presently exercisable warrants, constituting 2.4% of the shares of Common Stock outstanding. (b) (i) Mr. Kier shares voting and dispositive power over 34,000 shares of Common Stock underlying presently exercisable warrants with his wife. Mr. Kier exercises sole voting and dispositive of 200,000 shares of Common Stock underlying presently exercisable warrants held through the Partnership (see Item 5(b)(ii) below) and has sole voting and dispositive power over 100,000 shares of Common Stock and 373,000 shares of Common Stock underlying presently exercisable warrants he owns personally. (ii) The Partnership has sole voting and dispositive power over 200,000 shares of Common Stock underlying presently exercisable warrants, which power is exercisable by Mr. Kier as General Partner of the Partnership. (c) Pursuant to a Purchase Agreement, dated August 2, 2006, between Mr. Kier and Bay Resource Partners L.P., Bay II Resource Partners L.P. and Thomas E. Claugus (collectively, the "Purchasers") (the "Purchase Agreement"), Mr. Kier agreed to sell 133,000 shares Mr. Kier owned personally, 17,000 shares owned by his wife and 100,000 shares owned by the Partnership, of which Mr. Kier is General Partner, to the Purchasers for $5.41 per share for an aggregate purchase price of $1,352,500. (d) Mr. Kier's wife has the right to receive any dividends on the 34,000 shares of Common Stock underlying presently exercisable warrants that are reported herein as being jointly beneficially owned by Mr. Kier and his wife. Page 4 of 7 Item 7. Material to be Filed as Exhibits. Exhibit 1. Joint filing agreement between Isaac Kier and the Partnership. Exhibit 2. Warrant Agreement, filed as Exhibit 4.5 to Form S-1/A on October 12, 2004 by the Company, is hereby incorporated by reference. Exhibit 3. Escrow Agreement, filed as Exhibit 10.10 to Form S-1/A on October 12, 2004 by the Company, is hereby incorporated by reference. Exhibit 4. Registration Rights Agreement, filed as Exhibit 10.13 to Form S-1/A on August 17, 2004 by the Company, is hereby incorporated by reference. Page 5 of 7 SIGNATURES After reasonable inquiry and to the best of his knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct. Dated: August 7, 2006 /s/ Isaac Kier --------------------------- Isaac Kier KIER FAMILY, L.P. /s/ Isaac Kier --------------------------- Name: Issac Kier Title: General Parnter Page 6 of 7 EXHIBIT 1 JOINT FILING AGREEMENT In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended, each of the undersigned agrees to the filing on behalf of each of a Statement on Schedule 13D, and all amendments thereto, with respect to the shares of common stock, $.0001 par value, of Rand Logistics, Inc. Dated: March 30, 2006 /s/ Isaac Kier --------------------------- Isaac Kier KIER FAMILY L.P. /s/ Isaac Kier --------------------------- Name: Isaac Kier Title: General Partner Page 7 of 7 -----END PRIVACY-ENHANCED MESSAGE-----