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"Insiders might sell their shares for any number of reasons, but they buy them for only one:
they think the price will rise" - Peter Lynch ==>> What is insider trading>> |

| Transaction & Date | Reported Date |
Company | Symbol | Insider Relationship |
Shares Traded | Average Price | Total Amount |
Shares Ownership |
Filing |
| 2008-05-23 Sale |
2008-05-28 5:11 pm | TBS INTERNATIONAL LTD | TBSI | Royce Elaine M (10% owner) | 700,000 | $51 | $35,700,000 | 0 (Direct Indirect) | View |
| 2005-08-01 Sale |
2005-08-01 7:05 pm | TBS INTERNATIONAL LTD | TBSI | Royce Elaine M (10% owner) | 216,752 | $9.3 | $2,015,794 | 0 (Direct Indirect) |
View |
| 2005-06-29 Sale |
2005-07-01 7:04 pm |
TBS INTERNATIONAL LTD | TBSI | Royce Elaine M Elaine M. Royce 2005 Qualified Grantor Retained Annuity Trust (10% owner) | 660,700 | $10 | $6,607,000 | 26,636 (Direct Indirect) | View |
| Transaction & Date | Reported Date |
Company | Symbol | Insider Relationship | Shares Traded |
Average Price | Total Amount | Shares Ownership |
Filing |
| 2008-05-23 Exercise Purchase | 2008-05-28 5:11 pm | TBS INTERNATIONAL LTD | TBSI | Royce Elaine M (10% owner) | 700,000 | $0 | $0 | 350,000 (Direct Indirect) | View |
| 2005-08-01 Exercise | 2005-08-01 7:05 pm |
TBS INTERNATIONAL LTD | TBSI | Royce Elaine M (10% owner) | 326,960 | $0 | $0 | 108,376 (Direct Indirect) |
View |
| Transaction & Date | Reported Date | Exercisable Expiration | Company | Symbol | Insider Relationship | Shares Traded |
Conversion Price | Shares Ownership | Filing |
| 2008-05-23 Exercise | 2008-05-28 5:11 pm |
N/A N/A | TBS INTERNATIONAL LTD | TBSI | Royce Elaine M (10% owner) | 350,000 | $0 | 745,726 (Direct) |
View |
| 2008-05-23 Purchase | 2008-05-28 5:11 pm | N/A N/A |
TBS INTERNATIONAL LTD | TBSI | Royce Elaine M (10% owner) | 350,000 | $0 | 796,472 (Indirect) | View |
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