X0304 5 2011-12-31 0 0 0 0001479920 TBS International plc TBSI 0001325753 Blatte Lawrence A 612 EAST GRASSY SPRAIN ROAD YONKERS NY 10710 0 1 0 0 Senior Exec. Vice President Class A Ordinary Shares, par value $0.01 per share 172486 D Class A Ordinary Shares, par value $0.01 per share 50307 I By spouse Barbara H. Blatte Series B Preference Shares, par value $0.01 per share Class B Ordinary shares, par value $0.01 per share 37650 1426 D Class B Ordinary Shares, par value $0.01 per share Class A Ordinary shares, par value $0.01 per share 177039 177039 D Class B Ordinary Shares, par value $0.01 per share Class A Ordinary shares, par value $0.01 per share 194949 194949 I By spouse Barbara H. Blatte Series A Preference Shares, par value $0.01 per share Class A Ordinary shares, par value $0.01 per share 172145 3326 D Series B Preference Shares are convertible into Class B Ordinary Shares on a 26.4023-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: 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 51.7575-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: 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. /s/ Tara C. DeMakes Name: Tara C. DeMakes as Attorney-in-Fact 2012-02-14