X0202 4 2005-06-29 0 0001065648 TBS INTERNATIONAL LTD TBSI 0001325586 McNelis Gregg L 612 EAST GRASSY SPRAIN ROAD YONKERS NY 10710 0 1 0 0 Senior Executive V. P. and COO Class A Common Shares, par value $0.01 per share 2005-06-29 4 M 0 378853 0.00 A 378853 D Class B Common Shares, par value $0.01 per share 2005-06-29 4 M 0 734153 0.00 A 734153 D Class A Common Shares, par value $0.01 per share 2005-06-29 4 M 0 43347 0.00 A 43347 I By spouse as trustee for Gregg L. McNelis Jr. Class B Common Shares, par value $0.01 per share 2005-06-29 4 M 0 84000 0.00 A 84000 I By spouse as trustee for Gregg L. McNelis Jr. Class A Common Shares, par value $0.01 per share 2005-06-29 4 M 0 43347 0.00 A 43347 I By spouse as trustee for Diana McNelis Class B Common Shares, par value $0.01 per share 2005-06-29 4 M 0 84000 0.00 A 84000 I By spouse as trustee for Diana McNelis Class A Common Shares, par value $0.01 per share 2005-06-29 4 M 0 43347 0.00 A 43347 I By spouse as trustee for Brandon McNelis Class B Common Shares, par value $0.01 per share 2005-06-29 4 M 0 84000 0.00 A 84000 I By spouse as trustee for Brandon McNelis Class A Common Shares, par value $0.01 per share 2005-06-29 4 M 0 303432 0.00 A 178432 I By self as trustee Class B Common Shares, par value $0.01 per share 2005-06-29 4 M 0 588000 0.00 A 713000 I By self as trustee Class A Common Shares, par value $0.01 per share 2005-06-29 4 M 0 303432 0.00 A 178432 I By spouse as trustee for Susanne McNelis Class B Common Shares, par value $0.01 per share 2005-06-29 4 M 0 588000 0.00 A 713000 I By spouse as trustee for Susanne McNelis Class A Common Shares, par value $0.01 per share 2005-06-29 4 S 0 171786 0.00 D 207067 D Class A Common Shares, par value $0.004 per share 2005-06-29 4 M 0 254000 D See Note 0 D Class B Common Shares, par value $0.004 per share 2005-06-29 4 M 0 96000 D See Note 0 D Warrants, par value $0.004 per share 2005-06-29 4 M 0 51603 D See Note 0 D Preference Shares, par value $0.004 per share 2005-06-29 4 M 0 15000 D See Note 0 D Class C Common Shares, par value $0.004 per share 2005-06-29 4 M 0 50000 D See Note 0 I By spouse as trustee for Gregg L. McNelis Jr. Class C Common Shares, par value $0.004 per share 2005-06-29 4 M 0 50000 D See Note 0 I By spouse as trustee for Diana McNelis Class C Common Shares, par value $0.004 per share 2005-06-29 4 M 0 50000 D See Note 0 I By spouse as trustee for Brandon McNelis Class A Common Shares, par value $0.004 per share 2005-06-29 4 M 0 50000 D See Note 0 I By self as trustee Preference Shares, par value $0.004 per share 2005-06-29 4 M 0 150000 D See Note 0 I By self as trustee Class A Common Shares, par value $0.004 per share 2005-06-29 4 M 0 50000 D See Note 0 I By spouse as trustee for Susanne McNelis Preference Shares, par value $0.004 per share 2005-06-29 4 M 0 150000 D See Note 0 I By spouse as trustee for Susanne McNelis These shares resulted from the share conversions, consolidations, redesignations and warrant exercise of the Issuer's issued and outstanding shares which are expected to occur in conjunction with its planned initial public offering and reflected in the Issuer's Form S-1 (File No. 333-123157). The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for the purposes of Section 16 or for any other purpose. These shares are directly held by the Gregg L. McNelis Jr. 2004 Irrevocable Trust and indirectly held by Susanne E. McNelis. These shares are directly held by the Diana McNelis 2004 Irrevocable Trust and indirectly held by Susanne E. McNelis. These shares are directly held by the Brandon McNelis 2004 Irrevocable Trust and indirectly held by Susanne E. McNelis. Pursuant to the provisions in the Issuer's amended and restated bye-laws, these shares are convertible into an equal number of Class B common shares, par value $0.01 per share. These shares are owned directly by the Gregg L. McNelis 2005 Qualified Grantor Retained Annuity Trust (GRAT), and indirectly by Gregg L. McNelis as trustee of the trust. Pursuant to the provisions in the Issuer's amended and restated bye-laws, these shares are convertible into an equal number of Class A common shares, par value $0.01 per share. These shares are owned directly by the Susanne E. McNelis 2005 Qualified Grantor Retained Annuity Trust (GRAT), and indirectly by Susanne E. McNelis as trustee of the trust. These shares automatically converted upon the share conversions, consolidations, redesignations and warrant exercise of the Issuer's issued and outstanding shares which are expected to occur in conjunction with its planned initial public offering and reflected in the Issuer's Form S-1 (File No. 333-123157). Not applicable. In conjunction with the Issuer's planned initial public offering, these Class A common shares, par value $0.004 per share, converted into 220,205 New Class A common shares, par value $0.01 per share, and 426,720 New Class B common shares, par value $0.01 per share, of the Issuer. In conjunction with the Issuer's planned initial public offering, these Class B common shares, par value $0.004 per share, converted into 72,755 New Class A common shares, par value $0.01 per share, and 140,988 New Class B common shares, par value $0.01 per share, of the Issuer. In conjunction with the Issuer's planned initial public offering, these Warrants, par value $0.004 per share, converted into 59,884 New Class A common shares, par value $0.01 per share, and 116,045 New Class B common shares, par value $0.01 per share, of the Issuer. In conjunction with the Issuer's planned initial public offering, these Preference Shares, par value $0.004 per share, converted into 26,008 New Class A common shares, par value $0.01 per share, and 50,400 New Class B common shares, par value $0.01 per share, of the Issuer. In conjunction with the Issuer's planned initial public offering, these Class C common shares, par value $0.004 per share, converted into 43,347 New Class A common shares, par value $0.01 per share, and 84,000 New Class B common shares, par value $0.01 per share, of the Issuer. In conjunction with the Issuer's planned initial public offering, these Class A common shares, par value $0.004 per share, converted into 43,437 New Class A common shares, par value $0.01 per share, and 84,000 New Class B common shares, par value $0.01 per share, of the Issuer. In conjunction with the Issuer's planned initial public offering, these Preference Shares, par value $0.004 per share, converted into 260,085 New Class A common shares, par value $0.01 per share, and 504,000 New Class B common shares, par value $0.01 per share, of the Issuer. By: /s/ Tara C. DeMakes Name: Tara C. DeMakes Attorney-in-Fact 2005-07-01