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NONVESTED STOCK AWARDS (Tables) | 6 Months Ended
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Jun. 30, 2013
2005 and 2012 GS&T Plans |
Nonvested Stock Awards |
Summary of nonvested stock awards |
|  | Number of Shares |  | Weighted Average Grant Date Price |
Outstanding at January 1, 2013 |  | 1,108,762 |  | $ | 9.47 |
Granted |  | 200,634 |  | 1.57 |
Vested |  | (70,000 | ) | 2.86 |
Forfeited |  | (9,750 | ) | 5.69 |
Outstanding at June 30, 2013 |  | 1,229,646 |  | $ | 8.58 |
Schedule of nonvested stock amortization expense |
|  | For the Three Months Ended June 30, |  | For the Six Months Ended June 30, |
|  | 2013 |  | 2012 |  | 2013 |  | 2012 |
General, administrative, and management fees |  | $ | 796 |  | $ | 1,068 |  | $ | 1,565 |  | $ | 2,145 |
Baltic Trading Plan | Baltic Trading Limited |
Nonvested Stock Awards |
Summary of nonvested stock awards |
|  | Number of Baltic Trading Common Shares |  | Weighted Average Grant Date Price |
Outstanding at January 1, 2013 |  | 664,249 |  | $ | 7.70 |
Granted |  | 59,680 |  | 3.77 |
Vested |  | (166,500 | ) | 10.76 |
Forfeited |  | — |  | — |
Outstanding at June 30, 2013 |  | 557,429 |  | $ | 6.37 |
Schedule of nonvested stock amortization expense |
|  | For the Three Months Ended June 30, |  | For the Six Months Ended June 30, |
|  | 2013 |  | 2012 |  | 2013 |  | 2012 |
General, administrative, and management fees |  | $ | 351 |  | $ | 402 |  | $ | 815 |  | $ | 974 |

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