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NONVESTED STOCK AWARDS (Tables)

3 Months Ended

Mar. 31, 2014

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, 2014		880,465		$	7.77
Granted		—		—
Vested		—		—
Forfeited		—		—
Outstanding at March 31, 2014		880,465		$	7.77

Schedule of nonvested stock amortization expense

		Three Months Ended March 31,
		2014			2013
General, administrative and management fees		$	427		$	769

Baltic Trading Plan

Nonvested Stock Awards

Summary of nonvested stock awards

		Number of Baltic Trading Common Shares		Weighted Average Grant Date Price
Outstanding at January 1, 2014		1,381,429		$	6.03
Granted		—		—
Vested		(116,500	)	14.00
Forfeited		—		—
Outstanding at March 31, 2014		1,264,929		$	5.29

Schedule of nonvested stock amortization expense

		Three Months Ended March 31,
		2014			2013
General, administrative and management fees		$	963		$	464

X

- Definition

Tabular disclosure of the allocation of equity-based compensation costs to a given line item on the balance sheet and income statement for the period. This may include the reporting line for the costs and the amount capitalized and expensed.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 718

-SubTopic 10

-Section 50

-Paragraph 1

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-SubTopic 10

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-Publisher SEC

-Name Staff Accounting Bulletin (SAB)

-Number Topic 14

-Section F



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X

- Definition

Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 718

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (c)(1)

-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

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