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STOCK-BASED COMPENSATION (Tables)

3 Months Ended

9 Months Ended

0 Months Ended

Sep. 30, 2014

2014 MIP Plan

Sep. 30, 2014

Baltic Trading Plan

Jul. 09, 2014

Predecessor

Nonvested Stock Awards

Summary of nonvested stock awards

		Number of Shares		Weighted Average Grant Date Price
Outstanding at July 9, 2014 - Successor		—		$	—
Granted		1,110,600		20.00
Vested		—		—
Forfeited		—		—
Outstanding at September 30, 2014 - Successor		1,110,600		$	20.00

		Number of Baltic Trading Common Shares		Weighted Average Grant Date Price
Outstanding at January 1, 2014		1,381,429		$	6.03
Granted		36,345		6.19
Vested		(176,180	)	10.53
Forfeited		—		—
Outstanding at September 30, 2014		1,241,594		$	5.39

		Number of Shares		Weighted Average Grant Date Price
Outstanding at January 1, 2014 - Predecessor		880,465		$	7.77
Granted		—		—
Vested		(880,465	)	7.77
Cancelled		—		—
Outstanding at July 9, 2014 - Predecessor		—		$	—

Summary of warrants outstanding

		Number of Warrants		Weighted Average Exercise Price			Weighted Average Fair Value
Outstanding at July 9, 2014 - Successor		—		$	—		$	—
Granted		8,557,461		30.31			6.36
Exercised		—		—			—
Forfeited		—		—			—
Outstanding at September 30, 2014 - Successor		8,557,461		$	30.31		$	6.36

The following table summarizes certain information about the warrants outstanding as of September 30, 2014:

			Warrants Outstanding, September 30, 2014							Warrants Exercisable, September 30, 2014
Weighted Average Exercise Price			Number of Warrants		Weighted Average Exercise Price			Weighted Average Remaining Contractual Life		Number of Warrants		Weighted Average Exercise Price
$	30.31		8,557,461		$	30.31		5.86		—		—

Schedule of nonvested stock amortization expense

		Successor
		Period from July 9 to September 30, 2014
General, administrative, and management fees		$	2,044

		Successor			Predecessor
		Period from July 9 to September 30, 2014			Period from July 1 to July 9, 2014			Three Months Ended September 30, 2013			Period from January 1 to July 9, 2014			Nine Months Ended September 30, 2013
General, administrative, and management fees		$	818		$	78		$	341		$	1,949		$	1,156

		Predecessor
		Period from July 1 to July 9, 2014			Three Months Ended September 30, 2013			Period from January 1 to July 9, 2014			Nine Months Ended September 30, 2013
General, administrative, and management fees		$	1,583		$	749		$	2,403		$	2,314

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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.

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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.

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Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

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