<SEC-DOCUMENT>0001606909-15-000049.txt : 20150831
<SEC-HEADER>0001606909-15-000049.hdr.sgml : 20150831
<ACCEPTANCE-DATETIME>20150831141016
ACCESSION NUMBER:		0001606909-15-000049
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20150828
FILED AS OF DATE:		20150831
DATE AS OF CHANGE:		20150831

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Pangaea Logistics Solutions Ltd.
		CENTRAL INDEX KEY:			0001606909
		STANDARD INDUSTRIAL CLASSIFICATION:	DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT [4412]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			D0
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		109 LONG WHARF
		CITY:			NEWPORT
		STATE:			RI
		ZIP:			02840
		BUSINESS PHONE:		401 846 7790

	MAIL ADDRESS:	
		STREET 1:		109 LONG WHARF
		CITY:			NEWPORT
		STATE:			RI
		ZIP:			02840

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Quartet Holdco Ltd.
		DATE OF NAME CHANGE:	20140430

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Yu Peter
		CENTRAL INDEX KEY:			0001426890

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-36798
		FILM NUMBER:		151084439

	MAIL ADDRESS:	
		STREET 1:		C/O CARTESIAN CAPITAL GROUP
		STREET 2:		505 FIFTH AVENUE, 15TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>primary_doc.xml
<DESCRIPTION>PRIMARY DOCUMENT
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0306</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2015-08-28</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0001606909</issuerCik>
        <issuerName>Pangaea Logistics Solutions Ltd.</issuerName>
        <issuerTradingSymbol>PANL</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001426890</rptOwnerCik>
            <rptOwnerName>Yu Peter</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O CARTESIAN CAPITAL GROUP</rptOwnerStreet1>
            <rptOwnerStreet2>505 FIFTH AVENUE, 15TH FLOOR</rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10017</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock, par value $0.0001 per share (&quot;Common Stock&quot;)</value>
            </securityTitle>
            <transactionDate>
                <value>2015-08-28</value>
            </transactionDate>
            <deemedExecutionDate>
                <value>2015-08-28</value>
            </deemedExecutionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>J</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionTimeliness>
                <value></value>
            </transactionTimeliness>
            <transactionAmounts>
                <transactionShares>
                    <value>20000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>0</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock, par value $0.0001 per share (&quot;Common Stock&quot;)</value>
            </securityTitle>
            <transactionDate>
                <value>2015-08-28</value>
            </transactionDate>
            <deemedExecutionDate>
                <value>2015-08-28</value>
            </deemedExecutionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>J</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionTimeliness>
                <value></value>
            </transactionTimeliness>
            <transactionAmounts>
                <transactionShares>
                    <value>20000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>13936467</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See footnotes</value>
                    <footnoteId id="F1"/>
                    <footnoteId id="F3"/>
                    <footnoteId id="F4"/>
                    <footnoteId id="F5"/>
                    <footnoteId id="F6"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock, par value $0.0001 per share (&quot;Common Stock&quot;)</value>
            </securityTitle>
            <transactionDate>
                <value>2015-08-28</value>
            </transactionDate>
            <deemedExecutionDate>
                <value>2015-08-28</value>
            </deemedExecutionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>J</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionTimeliness>
                <value></value>
            </transactionTimeliness>
            <transactionAmounts>
                <transactionShares>
                    <value>20000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>13956467</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See footnotes</value>
                    <footnoteId id="F2"/>
                    <footnoteId id="F3"/>
                    <footnoteId id="F4"/>
                    <footnoteId id="F5"/>
                    <footnoteId id="F6"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">Shares previously held by Peter Yu have been transferred to Pangaea One Acquisition Holdings XIV, LLC (&quot;Pangaea Acquisition&quot;) pursuant to a Stock Transfer Agreement dated August 26, 2015, by and between Mr. Yu and Pangaea Acquisition.</footnote>
        <footnote id="F2">Shares previously held by Paul Hong have been transferred to Pangaea Acquisition pursuant to a Stock Transfer Agreement dated August 26, 2015, by and between Mr. Hong and Pangaea Acquisition.</footnote>
        <footnote id="F3">The 13,956,467 shares of Common Stock are held directly as follows: (i) 1,099,304 shares of Common Stock held directly by Imfinno, L.P., a Delaware limited partnership (&quot;Imfinno&quot;); (ii) 1,669,4692 shares of Common Stock held directly by Malemod, L.P., a Delaware limited partnership (&quot;Malemod&quot;); (iii) 1,658,620 shares of Common Stock held directly by Nypsun, L.P., a Delaware limited partnership (&quot;Nypsun&quot;); (iv) 1,555,334 shares of Common Stock held directly by Leggonly, L.P., a Delaware limited partnership (&quot;Leggonly&quot;); (v) 1,555,307 shares of Common Stock held directly by Pangaea One Parallel Fund (B), L.P., a Delaware limited partnership (&quot;Pangaea Parallel (B)&quot;); (vi) 3,297,254 shares of Common Stock held directly by Pangaea One (Cayman), L.P. (&quot;Pangaea Cayman&quot;); (vii) 3,081,156 shares of Common Stock held directly by Pangaea One Parallel Fund, L.P. (&quot;Pangaea Parallel&quot;) and (viii) 40,000 Common Shares held directly by Pangaea Acquisition.</footnote>
        <footnote id="F4">Pangaea One, L.P., a Delaware limited partnership (&quot;Pangaea One&quot;), Pangaea Parallel (B), Pangaea Cayman and Pangaea Parallel directly own Pangaea Acquisition. Pangaea One GP, LLC, a Delaware limited liability company (&quot;Pangaea LLC&quot;) is the general partner of Imfinno, Malemod, Nypsun, Leggonly, Pangaea Parallel (B), and Pangaea One. Pangaea One GP (Cayman), L.P., a Cayman Islands company (&quot;PGP LP&quot;) is the general partner of Pangaea Cayman. Pangaea One GP (Cayman), Co., a Cayman Islands company (&quot;PGP Co&quot;) is the general partner of PGP LP. Pangaea One Holding, LLC, a Delaware limited liability company (&quot;Pangaea One LLC&quot;) is the managing member of Pangaea LLC and PGP Co.</footnote>
        <footnote id="F5">Continuation of previous Footnote :
Pangaea One GP2 (Cayman), L.P., a Cayman Islands limited partnership (&quot;PGP2 LP&quot;) is the general partner of Pangaea Parallel. Pangaea One GP2 (Cayman), Co., a Cayman Islands company (&quot;PGP2 Co&quot;) is the general partner of PGP2 LP. Cartesian Capital Group Holding, LLC, a Delaware limited liability company (&quot;Cartesian&quot;) is the managing member of Pangaea One LLC and PGP2 Co.</footnote>
        <footnote id="F6">Peter Yu is a member of the Board of Directors of Pangaea Logistics Solutions Ltd. and is a managing member or director of each of Cartesian, Pangaea One LLC, Pangaea LLC, PGP LP, PGP Co, PGP2 LP and PGP Co. As such, Mr. Yu may be deemed to have an indirect pecuniary interest (within the meaning of Rule 16a-1 under the Exchange Act) in an indeterminate portion of the securities reported as beneficially owned by the Pangaea Entities. Mr. Yu disclaims beneficial ownership of all such securities, except to the extent of any direct pecuniary interest therein and this report shall not be deemed an admission that Mr. Yu is the beneficial owner of any such securities for Section 16 of the Exchange Act or any other purposes.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>Peter Yu</signatureName>
        <signatureDate>2015-08-28</signatureDate>
    </ownerSignature>
</ownershipDocument>
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</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
