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STOCK-BASED COMPENSATION (Tables)

6 Months Ended

Jun. 30, 2015

2014 MIP Plan

Nonvested Stock Awards

Summary of nonvested stock awards

		Number of Shares		Weighted Average Grant Date Price
Outstanding at January 1, 2015 - Successor		1,110,600		$	20.00
Granted		—		—
Vested		—		—
Forfeited		—		—
Outstanding at June 30, 2015 - Successor		1,110,600		$	20.00

Summary of warrant activity and warrants outstanding

The following table summarizes all the warrant activity for the six months ended June 30, 2015:

		Number of Warrants		Weighted Average Exercise Price			Weighted Average Fair Value
Outstanding at January 1, 2015 - Successor		8,557,461		$	30.31		$	6.36
Granted		—		—			—
Exercised		—		—			—
Forfeited		—		—			—
Outstanding at June 30, 2015 - Successor		8,557,461		$	30.31		$	6.36

The following table summarizes certain information about the warrants outstanding as of June 30, 2015:

			Warrants Outstanding, June 30, 2015							Warrants Exercisable, June 30, 2015
								Weighted
					Weighted			Average				Weighted
Weighted Average Exercise Price			Number of Warrants		Average Exercise Price			Remaining Contractual Life		Number of Warrants		Average Exercise Price
$	30.31		8,557,461		$	30.31		5.11		—		—

Schedule of nonvested stock amortization expense

		Successor
		Three Months Ended June 30, 2015			Six Months Ended June 30, 2015
General, administrative and management fees		$	3,382		$	6,727

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, 2015		1,941,844		$	3.80
Granted		—		—
Vested		—		—
Forfeited		—		—
Outstanding at June 30, 2015		1,941,844		$	3.80

Schedule of nonvested stock amortization expense

		For the Three Months Ended June 30,						For the Six Months Ended June 30,
		Successor			Predecessor			Successor			Predecessor
		2015			2014			2015			2014
General, administrative and management fees		$	791		$	908		$	1,608		$	1,871

Predecessor | 2005 and 2012 GS&T Plans

Nonvested Stock Awards

Schedule of nonvested stock amortization expense

		Predecessor
		Three Months Ended June 30, 2014			Six Months Ended June 30, 2014
General, administrative and management fees		$	393		$	820

X

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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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