X0306 4 2013-06-14 0 0001294250 Rand Logistics, Inc. RLOG 0000808722 KNOTT DAVID M 485 UNDERHILL BLVD STE 205 SYOSSET NY 11791-3419 0 0 1 0 Common Stock 690608 I By Shoshone Partners, L.P. Common Stock 2013-06-14 4 S 0 21058 5.5003 D 240091 I By Knott Partners Offshore Master Fund, L.P. Common Stock 2013-06-14 4 S 0 25000 5.50 D 215091 I By Knott Partners Offshore Master Fund, L.P. Common Stock 2013-06-17 4 S 0 128942 5.50 D 86149 I By Knott Partners Offshore Master Fund, L.P. Common Stock 832900 I By Knott Partners, L.P. Common Stock 7100 I By Mulsanne Partners, L.P. Common Stock 900 I By Managed Account D The Reporting Person is the managing member of Knott Partners Management, LLC, which is (i) the sole general partner of Shoshone Partners, L.P., Knott Partners Offshore Master Fund, L.P., and Mulsanne Partners, L.P. and (ii) the managing general partner of Knott Partners, L.P. The Reporting Person is also a general partner of Knott Partners, L.P. The Reporting Person is the sole director and the president of Dorset Management Corporation, which provides investment management services to separate institutional managed accounts (each, a "Managed Account"). As a result of the Reporting Person's interests in Knott Partners Management, LLC and in Dorset Management Corporation, the Reporting Person has investment discretion and control of the securities represented in this entry. The Reporting Person may be deemed to beneficially own an indirect pecuniary interest in the securities represented in this entry as a result of its performance-related fee. Except with respect to Knott Partners, L.P., Knott Partners Offshore Master Fund, L.P., and Shoshone Partners, L.P., in which the Reporting Person owns a beneficial interest, the Reporting Person disclaims beneficial ownership therein except to the extent ultimately realized. Each of Knott Partners, L.P., Knott Partners Offshore Master Fund, L.P., Shoshone Partners, L.P., Mulsanne Partners, L.P., and the Managed Accounts disclaims beneficial ownership of securities reported as owned by any other party. By: /s/David M. Knott 2013-06-18