X0304 5 2011-12-31 0 0 0 0001479920 TBS International plc TBSI 0001325586 McNelis Gregg L 612 EAST GRASSY SPRAIN ROAD YONKERS NY 10710 1 1 1 0 Senior Exec. VP and COO Class A Ordinary Shares, par value $0.01 per share 122990 D Class A Ordinary Shares, par value $0.01 per share 178432 I By the Gregg L. McNelis 2005 Irrevocable Trust Class A Ordinary Shares, par value $0.01 per share 178432 I By the Susanne E. McNelis 2005 Irrevocable Trust Series B Preference Shares, par value $0.01 per share Class B Ordinary shares, par value $0.01 per share 153846 5827 D Class B Ordinary Shares, par value $0.01 per share Class A Ordinary shares, par value $0.01 per share 1078886 1078886 D Class B Ordinary Shares, par value $0.01 per share Class A Ordinary shares, par value $0.01 per share 369733 369733 I By spouse Susanne E. McNelis Class B Ordinary Shares, par value $0.01 per share Class A Ordinary shares, par value $0.01 per share 243267 243267 I By the Gregg L. McNelis 2005 Irrevocable Trust Class B Ordinary Shares, par value $0.01 per share Class A Ordinary shares, par value $0.01 per share 243267 243267 I By the spouse Susanne E. McNelis 2005 Irrevocable Trust Series A Preference Shares, par value $0.01 per share Class A Ordinary shares, par value $0.01 per share 703695 13596 D 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 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. By: /s/ Tara C. DeMakes Name: Tara C. DeMakes Attorney-in-Fact 2012-02-14