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STOCK-BASED COMPENSATION (Tables)

9 Months Ended

Sep. 30, 2015

Restricted Stock Units

Nonvested Stock Awards

Schedule of nonvested stock amortization expense

		Successor
		Three Months Ended September 30, 2015			Nine Months Ended September 30, 2015			Period from July 9 to September 30, 2014
General, administrative and management fees		$	235		$	235		$	—

Summary of nonvested stock awards

The table below summarizes the Successor Company’s RSUs for the nine months ended September 30, 2015:

		Number of RSUs		Weighted Average Grant Date Price
Outstanding at January 1, 2015 - Successor		—		$	—
Granted		74,403		7.11
Vested		(16,188	)	7.00
Forfeited		—		—
Outstanding at September 30, 2015 - Successor		58,215		$	7.15

The following table summarizes certain information about the RSUs vested, not outstanding as of September 30, 2015:

Unvested RSUs September 30, 2015							Vested RSUs September 30, 2015
					Weighted
		Weighted			Average				Weighted
Number of RSUs		Average Grant Date Price			Remaining Contractual Life		Number of RSUs		Average Grant Date Price
58,215		$	7.15		0.62		16,188		$	7.00

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		(370,200	)	20.00
Forfeited		—		—
Outstanding at September 30, 2015 - Successor		740,400		$	20.00

Summary of warrant activity and warrants outstanding

The following table summarizes all the warrant activity for the nine months ended September 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		—		—			—
Exercisable		(2,852,487	)	30.31			6.36
Exercised		—		—			—
Forfeited		—		—			—
Outstanding at September 30, 2015 - Successor		5,704,974		$	30.31		$	6.36

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

			Warrants Outstanding, September 30, 2015							Warrants Exercisable, September 30, 2015
								Weighted							Weighted
					Weighted			Average				Weighted			Average
Weighted Average Exercise Price			Number of Warrants		Average Exercise Price			Remaining Contractual Life		Number of Warrants		Average Exercise Price			Remaining Contractual Life
$	30.31		5,704,974		$	30.31		4.86		2,852,487		$	30.31		4.86

2014 MIP Plan | Restricted shares

Nonvested Stock Awards

Schedule of nonvested stock amortization expense

		Successor
		Three Months Ended September 30, 2015			Nine Months Ended September 30, 2015			Period from July 9 to September 30, 2014
General, administrative and management fees		$	2,304		$	9,031		$	2,044

Baltic Trading Plan

Nonvested Stock Awards

Schedule of nonvested stock amortization expense

		Successor									Predecessor
		Three Months Ended September 30, 2015			Nine Months Ended September 30, 2015			Period from July 9 to September 30, 2014			Period from July 1 to July 9, 2014			Period from January 1 to July 9, 2014
General, administrative and management fees		$	3,665		$	5,273		$	818		$	78		$	1,949

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		(1,941,844	)	3.80
Forfeited		—		—
Outstanding at September 30, 2015		—		$	—

Predecessor | 2005 and 2012 GS&T Plans

Nonvested Stock Awards

Schedule of nonvested stock amortization expense

		Predecessor
		Period from July 1 to July 9, 2014			Period from January 1 to July 9, 2014
General, administrative and management fees		$	1,583		$	2,403

MIP Warrants | 2014 MIP Plan

Nonvested Stock Awards

Schedule of nonvested stock amortization expense

		Successor
		Three Months Ended September 30, 2015			Nine Months Ended September 30, 2015			Period from July 9 to September 30, 2014
General, administrative and management fees		$	5,646		$	22,134		$	5,010

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