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NONVESTED STOCK AWARDS (Tables)
12 Months Ended
Dec. 31, 2012
2005 and 2012 GS&T Plans
 
Nonvested Stock Awards  
Summary of nonvested stock awards

 

 

 

 

Year Ended December 31,

 

 

 

2012

 

2011

 

2010

 

 

 

Number
of Shares

 

Weighted
Average
Grant Date
Price

 

Number of
Shares

 

Weighted
Average
Grant Date
Price

 

Number of
Shares

 

Weighted
Average
Grant Date
Price

 

Outstanding at January 1

 

936,787

 

$

14.06

 

809,087

 

$

19.40

 

437,000

 

$

25.86

 

Granted

 

464,175

 

2.71

 

357,500

 

6.46

 

514,650

 

16.07

 

Vested

 

(290,700

)

13.49

 

(228,700

)

21.08

 

(142,563

)

27.16

 

Forfeited

 

(1,500

)

6.39

 

(1,100

)

14.65

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at December 31

 

1,108,762

 

$

9.47

 

936,787

 

$

14.06

 

809,087

 

$

19.40

 

Schedule of nonvested stock amortization expense

 

 

 

 

Year Ended December 31,

 

 

 

2012

 

2011

 

2010

 

General, administrative and management fees

 

$

4,087

 

$

5,574

 

$

4,327

 

Baltic Trading Plan | Baltic Trading Limited
 
Nonvested Stock Awards  
Summary of nonvested stock awards

 

 

 

 

Year Ended December 31,

 

 

 

2012

 

2011

 

2010

 

 

 

Number
of Baltic
Trading
Common
Shares

 

Weighted
Average
Grant Date
Price

 

Number
of Baltic
Trading
Common
Shares

 

Weighted
Average
Grant Date
Price

 

Number
of Baltic
Trading
Common
Shares

 

Weighted
Average
Grant Date
Price

 

Outstanding at January 1

 

545,750

 

$

11.60

 

583,500

 

$

13.40

 

 

$

 

Granted

 

299,999

 

3.04

 

117,500

 

5.11

 

583,500

 

13.40

 

Vested

 

(181,500

)

11.71

 

(155,250

)

13.43

 

 

 

Forfeited

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at December 31

 

664,249

 

$

7.70

 

545,750

 

$

11.60

 

583,500

 

$

13.40

 

Schedule of nonvested stock amortization expense

 

 

 

 

Year Ended December 31,

 

 

 

2012

 

2011

 

2010

 

General, administrative and management fees

 

$

1,777

 

$

2,764

 

$

2,892