X0304 4 2011-08-05 0 0001479920 TBS International plc TBSI 0001331121 Royce Elaine M 52 OLD ORCHARD LANE SCARSDALE NY 10583 0 0 1 0 Class A Ordinary Shares, par value $0.01 per share 270206 D Class A Ordinary Shares, par value $0.01 per share 346208 I By the Elaine M. Royce 2005 Irrevocable Trust Class A Ordinary Shares, par value $0.01 per share 2011-08-05 4 A 0 13720 0.00 A 126943 I By spouse Joseph E. Royce Class A Ordinary Shares, par value $0.01 per share 196208 I By the Joseph E. Royce 2005 Irrevocable Trust Series B Preference Shares, par value $0.01 per share Class B Ordinary shares, par value $0.01 per share 583080 22747 I By spouse Joseph E. Royce Class B Ordinary Shares, par value $0.01 per share Class A Ordinary shares, par value $0.01 per share 2270084 2270084 D Class B Ordinary Shares, par value $0.01 per share Class A Ordinary shares, par value $0.01 per share 1646786 1646786 I By the Elaine M. Royce 2005 Irrevocable Trust Class B Ordinary Shares, par value $0.01 per share Class A Ordinary shares, par value $0.01 per share 245674 245674 I By the Elaine M. Royce 2006 Qualified Grantor Retained Annuity Trust Class B Ordinary Shares, par value $0.01 per share Class A Ordinary shares, par value $0.01 per share 2299028 2299028 I By spouse Joseph E. Royce Class B Ordinary Shares, par value $0.01 per share Class A Ordinary shares, par value $0.01 per share 2013517 2013517 I By the Joseph E. Royce 2005 Irrevocable Trust Series A Preference Shares, par value $0.01 per share Class A Ordinary shares, par value $0.01 per share 2667169 53078 I By spouse Joseph E. Royce Restricted Class A Ordinary Shares were granted to the reporting person's spouse on August 5, 2011 and will vest in two equal annual installments beginning July 31, 2012. 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 the securities for purposes of Section 16 or for any other purpose. Series B Preference Shares are convertible into Class B Ordinary Shares on a 25.6333-for-1 basis at any time and have no expiration date. If the Series B Preference Shares remain outstanding, the applicable conversion rate will change as follows: 26.4023-for-1 beginning December 31, 2011; 27.1944-for-1 beginning June 30, 2012; 28.0102-for-1 beginning December 31, 2012; 28.8505-for-1 beginning June 30, 2013; 29.7161-for-1 beginning December 31, 2013; 30.6075-for-1 beginning June 30, 2014; and 31.5258-for-1 beginning December 31, 2014. Class B Ordinary Shares currently are convertible into Class A Ordinary Shares on a one-for-one basis at any time and have no expiration date. Series A Preference Shares are convertible into Class A Ordinary Shares on a 50.2500-for-1 basis at any time and have no expiration date. If the Series A Preference Shares remain outstanding, the applicable conversion rate will change as follows: 51.7575-for-1 beginning December 31, 2011; 53.3102-for-1 beginning June 30, 2012; 54.9095-for-1 beginning December 31, 2012; 56.5568-for-1 beginning June 30, 2013; 58.2535-for-1 beginning December 31, 2013; 60.0011-for-1 beginning June 30, 2014; and 61.8012-for-1 beginning December 31, 2014. By: /s/ Tara C. DeMakes Name: Tara C. DeMakes Attorney-in-Fact 2011-08-09