X0202 4 2007-05-31 0001360951 Florida East Coast Industries, Inc. FLA 0001209751 LAMPHERE GILBERT H 645 FIFTH AVE., 18TH FLOOR NEW YORK NY 10022 1 0 0 0 Common 2007-05-31 4 A 0 597 A 16910 D Upon election to the Board, Directors were granted shares of restricted stock having a fair market value of $50,000 at the time of the grant. 50% of these shares vest on the six-month anniversary date of the grant (11/30/07), the balance of the restrictions will lapse on the one-year anniversary (05/31/08), providing further that all restrictions shall lapse upon the Effective Time as set forth in the Agreement and Plan of Merger by and among Iron Horse Acquisition Holding, LLC, Iron House Acquisition Sub Inc. and the Corporation dated as as May 8, 2007. _________________________________________ Heidi J. Eddins, Attorney - in - Fact 2007-06-04