SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

 

 

SCHEDULE 13D

[Rule 13d-101]

Information To Be Included in Statements Filed Pursuant to § 240.13d-1(a) and

Amendments Thereto Filed Pursuant to § 240.13d-2(a)

(Amendment No. 10)^*

 

 

TSAKOS ENERGY NAVIGATION LIMITED

(Name of Issuer)

Common Shares, par value $1.00 per share

(Title of Class of Securities)

G9108L108

(CUSIP Number)

George Saroglou

Tsakos Energy Navigation Limited

367 Syngrou Avenue 175 64

P. Faliro, Athens, Greece

011 30210 940 7710

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

With Copies To:

Stephen P. Farrell, Esq.

Morgan, Lewis & Bockius LLP

101 Park Avenue

New York, New York 10178

(212) 309-6000

August 13, 2014

(Date of Event Which Requires Filing of This Statement)

 

 

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box  ¨.

 

 

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See § 240.13d-7 for other parties to whom copies are to be sent.

 

 

 

*	The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

(Continued on following pages)

 

 

 

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CUSIP No. G9108L108		13D		Page 2 of 25 Pages

 

1		NAME OF REPORTING PERSONS   SEA CONSOLIDATION S.A. OF PANAMA
2		CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a)  ¨        (b)  x
3		SEC USE ONLY
4		SOURCE OF FUNDS (see instructions)   OO
5		CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)   ¨
6		CITIZENSHIP OR PLACE OF ORGANIZATION   PANAMA
NUMBER OF SHARES BENEFICIALLY   OWNED BY EACH REPORTING PERSON WITH				7		SOLE VOTING POWER   4,401,232
				8		SHARED VOTING POWER   0
				9		SOLE DISPOSITIVE POWER   4,401,232
				10		SHARED DISPOSITIVE POWER   0
11		AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON   4,401,232
12		CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions)   x
13		PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11   5.2%
14		TYPE OF REPORTING PERSON (see instructions)   OO

 

Page 2 of 25

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CUSIP No. G9108L108		13D		Page 3 of 25 Pages

 

1		NAME OF REPORTING PERSONS   INTERMED CHAMPION S.A. OF PANAMA
2		CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a)  ¨        (b)  x
3		SEC USE ONLY
4		SOURCE OF FUNDS (see instructions)   OO
5		CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)   ¨
6		CITIZENSHIP OR PLACE OF ORGANIZATION   PANAMA
NUMBER OF SHARES BENEFICIALLY   OWNED BY EACH REPORTING PERSON WITH				7		SOLE VOTING POWER   2,258,910
				8		SHARED VOTING POWER   0
				9		SOLE DISPOSITIVE POWER   2,258,910
				10		SHARED DISPOSITIVE POWER   0
11		AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON   2,258,910
12		CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions)   x
13		PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11   2.7%
14		TYPE OF REPORTING PERSON (see instructions)   OO

 

Page 3 of 25

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CUSIP No. G9108L108		13D		Page 4 of 25 Pages

 

1		NAME OF REPORTING PERSONS   METHONI SHIPPING COMPANY LIMITED
2		CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a)  ¨        (b)  x
3		SEC USE ONLY
4		SOURCE OF FUNDS (see instructions)   OO
5		CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)   ¨
6		CITIZENSHIP OR PLACE OF ORGANIZATION   LIBERIA
NUMBER OF SHARES BENEFICIALLY   OWNED BY EACH REPORTING PERSON WITH				7		SOLE VOTING POWER   1,798,434
				8		SHARED VOTING POWER   0
				9		SOLE DISPOSITIVE POWER   1,798,434
				10		SHARED DISPOSITIVE POWER   0
11		AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON   1,798,434
12		CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions)   x
13		PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11   2.1%
14		TYPE OF REPORTING PERSON (see instructions)   OO

 

Page 4 of 25

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CUSIP No. G9108L108		13D		Page 5 of 25 Pages

 

1		NAME OF REPORTING PERSONS   PANAYOTIS TSAKOS
2		CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a)  ¨        (b)  x
3		SEC USE ONLY
4		SOURCE OF FUNDS (see instructions)   Not applicable.
5		CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)   ¨
6		CITIZENSHIP OR PLACE OF ORGANIZATION   GREECE
NUMBER OF SHARES BENEFICIALLY   OWNED BY EACH REPORTING PERSON WITH				7		SOLE VOTING POWER   0
				8		SHARED VOTING POWER   8,458,576
				9		SOLE DISPOSITIVE POWER   0
				10		SHARED DISPOSITIVE POWER   8,458,576
11		AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON   8,458,576
12		CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions)   x
13		PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11   10.0%
14		TYPE OF REPORTING PERSON (see instructions)   IN

 

Page 5 of 25

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CUSIP No. G9108L108		13D		Page 6 of 25 Pages

 

1		NAME OF REPORTING PERSONS   NIKOLAS P. TSAKOS
2		CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a)  ¨        (b)  x
3		SEC USE ONLY
4		SOURCE OF FUNDS (see instructions)   Not applicable
5		CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)   ¨
6		CITIZENSHIP OR PLACE OF ORGANIZATION   GREECE
NUMBER OF SHARES BENEFICIALLY   OWNED BY EACH REPORTING PERSON WITH				7		SOLE VOTING POWER   204,000
				8		SHARED VOTING POWER   8,458,576
				9		SOLE DISPOSITIVE POWER   204,000
				10		SHARED DISPOSITIVE POWER   8,458,576
11		AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON   8,662,576
12		CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions)   x
13		PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11   10.2%
14		TYPE OF REPORTING PERSON (see instructions)   IN

 

Page 6 of 25

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Item 1.

Security and Issuer

Item 1 is hereby amended and restated in its entirety as follows:

This Amendment No. 10 (“Amendment No. 10”) to Schedule 13D (originally filed on March 20, 2002, and subsequently amended on August 30, 2005, November 16, 2005, March 29, 2006, June 30, 2006, January 12, 2007, January 13, 2009, October 14, 2011, January 31, 2012 and February 27, 2014 (the “Schedule 13D”)) relates to the common shares, par value $1.00 per share (“Common Shares”), of Tsakos Energy Navigation Limited, an exempted company organized under the laws of Bermuda (the “Company”). The principal executive office of the Company is located at 367 Syngrou Avenue, 175 64 P. Faliro, Athens, Greece. Information given in response to each item below shall be deemed incorporated by reference in all other items below. Capitalized terms used herein and not otherwise defined in this Amendment No. 10 shall have the meanings set forth in the Schedule 13D.

 

Item 2.

Identity and Background

Item 2 is hereby amended and restated in its entirety as follows:

(a) This Amendment No. 10 is being filed pursuant to a Joint Filing Agreement (attached as Exhibit 1 and incorporated herein by reference) among Sea Consolidation S.A. of Panama, a company organized under the laws of Panama (“Sea Consolidation”), Intermed Champion S.A. of Panama, a company organized under the laws of Panama (“Intermed”), Methoni Shipping Company Limited, a company organized under the laws of Liberia (“Methoni”), Panayotis Tsakos and Nikolas P. Tsakos (sometimes collectively referred to as the “Reporting Persons”) which persons may be deemed, but are not conceded, to constitute a “group” within the meaning of Section 13(d) of the Securities Exchange Act of 1934.

(b) The principal business of Sea Consolidation, Intermed and Methoni is investing in equity securities and related investment strategies.

(c) The address of the principal office of each of the Reporting Persons is 367 Syngrou Avenue, 175 64 P. Faliro, Athens, Greece.

(d) Attached as Schedule A is the name, principal occupation (where applicable), business address and citizenship of each member, executive officer and/or director of Sea Consolidation, Intermed and Methoni. Schedule A is incorporated into and made a part of this Amendment No. 10.

Panayotis Tsakos is an individual of Greek citizenship who is self employed in the shipping industry.

Nikolas P. Tsakos is an individual of Greek citizenship who is the President and Chief Executive Officer of the Company.

(e) During the last five years, none of the Reporting Persons or any person listed on Schedule A has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).

 

Page 7 of 25

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(f) During the last five years, none of the Reporting Persons or any person listed on Schedule A was a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.

 

Item 3.

Source and Amount of Funds or Other Consideration

Item 3 is hereby amended by adding the following paragraph:

On April 24, 2014, Methoni purchased 500,000 Common Shares at the public offering price of $7.30 per share from the underwriters in a public offering under the Company’s shelf Registration Statement on Form F-3 (File No. 333-184042), including a prospectus supplement filed pursuant to Rule 424(b)(5) under the Securities Act of 1933, as amended (the “Securities Act”), on April 23, 2014 and a final prospectus supplement filed pursuant to Rule 424(b)(5) under the Securities Act on April 24, 2014.

Between August 4, 2014 and August 5, 2014, Sea Consolidation acquired an aggregate of 100,000 Common Shares in open market purchases executed through the New York Stock Exchange. Between August 6, 2014 and August 13, 2014, Methoni acquired an aggregate of 798,434 Common Shares in open market purchases executed through the New York Stock Exchange.

Each of Methoni and Sea Consolidation obtained such funds for these purchases from amounts contributed to it from its respective shareholders.

 

Item 4.

Purposes of Transactions

Item 4 is hereby amended by adding the following paragraph:

Each of Methoni and Sea Consolidation acquired 798,434 Common Shares and 100,000 Common Shares, respectively, to increase its investment in the Company. Each of Methoni and Sea Consolidation is holding its Common Shares solely for investment purposes and each has no plans or proposals with respect to any material change in the Company’s business or corporate structure or, generally, any other action referred to in instructions (a) through (j) of Item 4 of the form of Schedule 13D.

 

Item 5.

Interest in Securities of the Issuer

Item 5 is hereby amended and restated in its entirety as follows:

(a) As of the date of this filing, the Reporting Persons beneficial ownership of the Common Shares is as follows:

 

Name		Sole Voting and Dispositive Power				Shared Voting and Dispositive Power				Percentage(2)
Sea Consolidation S.A.			4,401,232				—				5.2	%
Intermed Champion S.A.			2,258,910				—				2.7	%
Methoni Shipping Company Limited			1,798,434								2.1	%
Panayotis Tsakos(1)			—				8,458,576				10.0	%
Nikolas P. Tsakos(1)			204,000				8,662,576				10.2	%

 

Page 8 of 25

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The Reporting Persons are making this single, joint filing because they may be deemed to constitute a “group” within the meaning of Section 13(d)(3) of the Exchange Act, together with Kelley Enterprises, Inc. (“Kelley”), Marsland Holdings Limited (“Marsland”) and Redmont Trading Corp. (“Redmont”), although neither the fact of this filing nor anything contained herein shall be deemed to be an admission that a group exists. According to Amendment No. 11 to Schedule 13D filed by Kelley, Marsland, Redmont and the other reporting persons named therein on May 3, 2012, Kelley, Marsland and Redmont, beneficially and of record, own 6,829,003, 4,108,798 and 3,341,317 Common Shares, respectively. Together, the group would be deemed to beneficially own 22,941,694 Common Shares, or 27.1% of the outstanding Common Shares of the Company.

 

 

(1)	Panayotis Tsakos and Nikolas P. Tsakos share voting and dispositive control over the Common Shares held of record by Sea Consolidation, Intermed and Methoni.

 

(2)	The percentages are based on the Company’s 84,692,295 Common Shares issued and outstanding as of June 30, 2014 as reported in Amendment No. 1 to the Company’s Registration Statement on Form F-3 filed with the SEC on July 25, 2014.

(b) The response of the Reporting Persons to Items (7) through (11) of the portion of pages 2 through 6 hereto which relate to Common Shares beneficially owned are incorporated herein by reference.

(c) On April 24, 2014, Methoni purchased 500,000 Common Shares at the public offering price of $7.30 per share from the underwriters in a public offering under the Company’s shelf Registration Statement on Form F-3 (File No. 333-184042), including a prospectus supplement filed pursuant to Rule 424(b)(5) under the Securities Act of 1933, as amended (the “Securities Act”), on April 23, 2014 and a final prospectus supplement filed pursuant to Rule 424(b)(5) under the Securities Act on April 24, 2014. Between August 4, 2014 and August 5, 2014, Sea Consolidation acquired an aggregate of 100,000 Common Shares in open market purchases executed through the New York Stock Exchange. Between August 6, 2014 and August 13, 2014, Methoni acquired an aggregate of 798,434 Common Shares in open market purchases executed through the New York Stock Exchange. Each purchase on the New York Stock Exchange is detailed on Schedule B hereto.

(d) No other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Common Shares beneficially owned by the Reporting Persons.

(e) Not applicable.

 

Item 6.

Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer

Item 6 is hereby amended and restated in its entirety as follows:

Except for the relationships described in the responses to Items 4 and 5 herein, none of the Reporting Persons, nor, to the best of their knowledge, any persons listed on Schedule A hereto has any contracts, arrangements, understandings or relationships (legal or otherwise) with any person, with respect to any securities of the Company.

 

Page 9 of 25

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Item 7.

Material to be Filed as Exhibits

Item 7 is hereby amended by adding the following exhibit:

Exhibit 1: Joint Filing Agreement, dated September 15, 2014, among Sea Consolidation S.A. of Panama, Intermed Champion S.A. of Panama, Methoni Shipping Company Limited, Panayotis Tsakos and Nikolas P. Tsakos.

[The remainder of this page intentionally left blank]

 

Page 10 of 25

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SIGNATURE

After reasonable inquiry and to the best of the knowledge and belief of each of the undersigned, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.

Dated: September 15, 2014

 

 

 

 

Page 11 of 25

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SCHEDULE A

Sea Consolidation S.A. of Panama

 

Name		Position		Principal Occupation		Business Address		Citizenship
Ioannis Efthimiades		Director		Shipping Industry Consultant		2 Andianoupoleos & Agias Sofia Streets, Nea Smyni, Athens, Greece		Greece
Constantinos Zafiras		Director		Legal Consultant		10 Stissichorou Street, Athens, Greece		Greece
Intermed Champion S.A. of Panama
Name		Position		Principal Occupation		Business Address		Citizenship
Aikaterini Tsartaklea		Director		Public Relations Consultant		155 Xenofontos Street, Athens, Greece		Greece
Dimitrios Pagkratis		Director		Economist		8 Kastelorizou Street, Athens, Greece		Greece
Methoni Shipping Company Limited
Name		Position		Principal Occupation		Business Address		Citizenship
Aikaterini Tsartaklea		Director		Public Relations Consultant		155 Xenofontos Street, Athens, Greece		Greece
Dimitrios Pagkratis		Director		Economist		8 Kastelorizou Street, Athens, Greece		Greece

 

Page 12 of 25

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SCHEDULE B

Share Purchases

 

Shares Purchased by Sea Consolidation
Date		No of Shares				Price				Total
08/04/14			100				6.51				651
08/04/14			100				6.51				651
08/04/14			100				6.515				651.5
08/04/14			100				6.515				651.5
08/04/14			1				6.515				6.515
08/04/14			100				6.525				652.5
08/04/14			300				6.53				1959
08/04/14			600				6.53				3918
08/04/14			100				6.54				654
08/04/14			100				6.54				654
08/04/14			100				6.54				654
08/04/14			100				6.54				654
08/04/14			1				6.54				6.54
08/04/14			99				6.54				647.46
08/04/14			100				6.54				654
08/04/14			100				6.54				654
08/04/14			1				6.545				6.545
08/04/14			99				6.545				647.955
08/04/14			100				6.545				654.5
08/04/14			300				6.545				1963.5
08/04/14			100				6.545				654.5
08/04/14			300				6.545				1963.5
08/04/14			100				6.5				650
08/04/14			100				6.5				650
08/04/14			65				6.5				422.5
08/04/14			100				6.495				649.5
08/04/14			100				6.5				650
08/04/14			100				6.505				650.5
08/04/14			100				6.505				650.5
08/04/14			100				6.505				650.5
08/04/14			100				6.505				650.5
08/04/14			100				6.5				650
08/04/14			100				6.505				650.5
08/04/14			100				6.505				650.5
08/04/14			100				6.505				650.5
08/04/14			100				6.505				650.5
08/04/14			100				6.505				650.5
08/04/14			1				6.505				6.505
08/04/14			100				6.505				650.5
08/04/14			100				6.505				650.5
08/04/14			300				6.5				1950
08/04/14			100				6.505				650.5
08/04/14			100				6.505				650.5
08/04/14			100				6.505				650.5
08/04/14			100				6.505				650.5

 

Page 13 of 25

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Shares Purchased by Sea Consolidation
Date		No of Shares				Price				Total
08/04/14			100				6.5				650
08/04/14			99				6.505				643.995
08/04/14			100				6.5				650
08/04/14			200				6.5				1300
08/04/14			100				6.5				650
08/04/14			100				6.5				650
08/04/14			249				6.5				1618.5
08/04/14			51				6.5				331.5
08/04/14			100				6.45				645
08/04/14			100				6.45				645
08/04/14			100				6.45				645
08/04/14			200				6.45				1290
08/04/14			200				6.45				1290
08/04/14			200				6.45				1290
08/04/14			200				6.45				1290
08/04/14			300				6.45				1935
08/04/14			200				6.45				1290
08/04/14			200				6.45				1290
08/04/14			200				6.45				1290
08/04/14			100				6.45				645
08/04/14			100				6.45				645
08/04/14			200				6.45				1290
08/04/14			100				6.45				645
08/04/14			100				6.45				645
08/04/14			100				6.45				645
08/04/14			100				6.475				647.5
08/04/14			100				6.475				647.5
08/04/14			200				6.475				1295
08/04/14			100				6.475				647.5
08/04/14			100				6.475				647.5
08/04/14			100				6.475				647.5
08/04/14			100				6.475				647.5
08/04/14			100				6.475				647.5
08/04/14			100				6.475				647.5
08/04/14			100				6.475				647.5
08/04/14			100				6.495				649.5
08/04/14			100				6.495				649.5
08/04/14			100				6.4925				649.25
08/04/14			300				6.495				1948.5
08/04/14			537				6.495				3487.815
08/04/14			100				6.495				649.5
08/04/14			63				6.495				409.185
08/04/14			100				6.48				648
08/04/14			100				6.48				648
08/04/14			100				6.48				648
08/04/14			37				6.48				239.76
08/04/14			63				6.48				408.24

 

Page 14 of 25

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Shares Purchased by Sea Consolidation
Date		No of Shares				Price				Total
08/04/14			100				6.48				648
08/04/14			100				6.48				648
08/04/14			100				6.47				647
08/04/14			100				6.47				647
08/04/14			100				6.47				647
08/04/14			46				6.47				297.62
08/04/14			100				6.47				647
08/04/14			100				6.47				647
08/04/14			154				6.47				996.38
08/04/14			100				6.47				647
08/04/14			100				6.45				645
08/04/14			100				6.45				645
08/04/14			100				6.45				645
08/04/14			100				6.45				645
08/04/14			100				6.565				656.5
08/04/14			300				6.565				1969.5
08/04/14			100				6.565				656.5
08/04/14			100				6.565				656.5
08/04/14			100				6.565				656.5
08/04/14			100				6.565				656.5
08/04/14			100				6.57				657
08/04/14			100				6.57				657
08/04/14			49				6.57				321.93
08/04/14			51				6.57				335.07
08/04/14			100				6.565				656.5
08/04/14			100				6.565				656.5
08/04/14			100				6.565				656.5
08/04/14			100				6.565				656.5
08/04/14			100				6.565				656.5
08/04/14			21				6.57				137.97
08/04/14			286				6.57				1879.02
08/04/14			14				6.57				91.98
08/04/14			100				6.57				657
08/04/14			79				6.57				519.03
08/04/14			100				6.57				657
08/04/14			47				6.57				308.79
08/04/14			200				6.57				1314
08/04/14			100				6.57				657
08/04/14			30				6.57				197.1
08/04/14			170				6.57				1116.9
08/04/14			53				6.57				348.21
08/04/14			100				6.58				658
08/04/14			100				6.58				658
08/04/14			100				6.58				658
08/04/14			100				6.58				658
08/04/14			100				6.58				658
08/04/14			100				6.585				658.5

 

Page 15 of 25

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Shares Purchased by Sea Consolidation
Date		No of Shares				Price				Total
08/04/14			100				6.59				659
08/04/14			100				6.59				659
08/04/14			100				6.59				659
08/04/14			100				6.59				659
08/04/14			100				6.59				659
08/04/14			100				6.59				659
08/04/14			100				6.595				659.5
08/04/14			100				6.595				659.5
08/04/14			100				6.595				659.5
08/04/14			100				6.595				659.5
08/04/14			200				6.595				1319
08/04/14			900				6.595				5935.5
08/04/14			500				6.595				3297.5
08/04/14			100				6.595				659.5
08/04/14			300				6.595				1978.5
08/04/14			100				6.595				659.5
08/04/14			100				6.6				660
08/04/14			100				6.6				660
08/04/14			100				6.6				660
08/04/14			100				6.6				660
08/04/14			100				6.6				660
08/04/14			100				6.6				660
08/04/14			100				6.6				660
08/04/14			100				6.6				660
08/04/14			200				6.6				1320
08/04/14			100				6.6				660
08/04/14			100				6.6				660
08/04/14			100				6.6				660
08/04/14			100				6.6				660
08/04/14			300				6.6				1980
08/04/14			300				6.6				1980
08/04/14			100				6.6				660
08/04/14			100				6.6				660
08/04/14			100				6.6				660
08/04/14			100				6.6				660
08/04/14			100				6.6				660
08/04/14			100				6.6				660
08/04/14			100				6.6				660
08/04/14			100				6.6				660
08/04/14			200				6.6				1320
08/04/14			100				6.6				660
08/04/14			100				6.6				660
08/04/14			100				6.6				660
08/04/14			100				6.6				660
08/04/14			100				6.6				660
08/04/14			100				6.6				660
08/04/14			100				6.6				660

 

Page 16 of 25

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Shares Purchased by Sea Consolidation
Date		No of Shares				Price				Total
08/04/14			100				6.6				660
08/04/14			100				6.6				660
08/04/14			100				6.6				660
08/04/14			100				6.6				660
08/04/14			200				6.6				1320
08/04/14			100				6.6				660
08/04/14			288				6.6				1900.8
08/04/14			100				6.6				660
08/04/14			100				6.6				660
08/04/14			100				6.6				660
08/04/14			200				6.6				1320
08/04/14			100				6.6				660
08/04/14			100				6.6				660
08/04/14			200				6.6				1320
08/04/14			100				6.6				660
08/04/14			100				6.6				660
08/04/14			100				6.6				660
08/04/14			300				6.6				1980
08/04/14			100				6.6				660
08/04/14			100				6.6				660
08/04/14			100				6.6				660
08/04/14			200				6.6				1320
08/04/14			600				6.6				3960
08/04/14			100				6.6				660
08/04/14			600				6.6				3960
08/04/14			100				6.6				660
08/04/14			100				6.6				660
08/04/14			100				6.6				660
08/04/14			100				6.6				660
08/04/14			100				6.6				660
08/04/14			100				6.6				660
08/04/14			200				6.6				1320
08/04/14			100				6.6				660
08/04/14			100				6.6				660
08/04/14			100				6.6				660
08/04/14			100				6.6				660
08/04/14			200				6.6				1320
08/04/14			100				6.6				660
08/04/14			300				6.6				1980
08/04/14			100				6.6				660
08/04/14			100				6.6				660
08/04/14			100				6.6				660
08/04/14			100				6.6				660
08/04/14			100				6.595				659.5
08/04/14			100				6.6				660
08/04/14			100				6.6				660
08/04/14			100				6.6				660

 

Page 17 of 25

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Shares Purchased by Sea Consolidation
Date		No of Shares				Price				Total
08/04/14			100				6.6				660
08/04/14			100				6.6				660
08/04/14			100				6.6				660
08/04/14			100				6.6				660
08/04/14			100				6.6				660
08/04/14			100				6.6				660
08/04/14			100				6.6				660
08/04/14			100				6.6				660
08/04/14			100				6.6				660
08/04/14			100				6.6				660
08/04/14			100				6.6				660
08/04/14			100				6.6				660
08/04/14			278				6.6				1834.8
08/04/14			100				6.6				660
08/04/14			100				6.6				660
08/04/14			100				6.6				660
08/04/14			100				6.6				660
08/04/14			100				6.6				660
08/04/14			100				6.6				660
08/04/14			200				6.6				1320
08/04/14			100				6.6				660
08/04/14			100				6.6				660
08/04/14			100				6.6				660
08/04/14			100				6.6				660
08/04/14			199				6.6				1313.4
08/04/14			100				6.6				660
08/04/14			2				6.6				13.2
08/04/14			200				6.6				1320
08/04/14			100				6.6				660
08/04/14			300				6.6				1980
08/04/14			176				6.6				1161.6
08/04/14			1				6.6				6.6
08/04/14			24				6.6				158.4
08/04/14			322				6.6				2125.2
08/04/14			300				6.6				1980
08/04/14			296				6.6				1953.6
08/04/14			24				6.6				158.4
08/04/14			200				6.6				1320
08/04/14			100				6.6				660
08/04/14			295				6.6				1947
08/04/14			5				6.6				33
08/04/14			100				6.6				660
08/04/14			100				6.6				660
08/04/14			100				6.6				660
08/04/14			100				6.6				660
08/04/14			100				6.6				660
08/04/14			100				6.6				660

 

Page 18 of 25

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Shares Purchased by Sea Consolidation
Date		No of Shares				Price				Total
08/04/14			100				6.6				660
08/04/14			100				6.6				660
08/04/14			2				6.6				13.2
08/04/14			100				6.6				660
08/04/14			200				6.6				1320
08/04/14			200				6.6				1320
08/04/14			200				6.6				1320
08/04/14			100				6.6				660
08/04/14			100				6.6				660
08/04/14			300				6.6				1980
08/04/14			100				6.6				660
08/04/14			200				6.6				1320
08/04/14			100				6.6				660
08/04/14			100				6.6				660
08/04/14			200				6.6				1320
08/04/14			56				6.6				369.6
08/04/14			45				6.6				297
08/04/14			75				6.6				495
08/04/14			100				6.6				660
08/04/14			101				6.6				666.6
08/04/14			200				6.6				1320
08/04/14			100				6.6				660
08/04/14			100				6.6				660
08/04/14			200				6.6				1320
08/05/14			1257				6.42				8069.94
08/05/14			500				6.42				3210
08/05/14			100				6.42				642
08/05/14			1600				6.42				10272
08/05/14			100				6.42				642
08/05/14			318				6.42				2041.56
08/05/14			296				6.42				1900.32
08/05/14			100				6.42				642
08/05/14			100				6.42				642
08/05/14			3600				6.42				23112
08/05/14			3600				6.42				23112
08/05/14			200				6.42				1284
08/05/14			1202				6.42				7716.84
08/05/14			900				6.42				5778
08/05/14			1540				6.42				9886.8
08/05/14			3300				6.42				21186
08/05/14			200				6.42				12.84
08/05/14			20417				6.42				131077.1
08/05/14			118				6.42				757.56
08/05/14			400				6.42				2568
08/05/14			700				6.42				4494
08/05/14			500				6.42				3210
08/05/14			300				6.42				1926

 

Page 19 of 25

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Shares Purchased by Sea Consolidation
Date		No of Shares				Price				Total
08/05/14			100				6.42				642
08/05/14			1300				6.42				8346
08/05/14			100				6.42				642
08/05/14			500				6.42				3210
08/05/14			100				6.42				642
08/05/14			300				6.42				1926
08/05/14			100				6.42				642
08/05/14			366				6.42				2349.72
08/05/14			200				6.42				1284
08/05/14			100				6.42				642
08/05/14			13400				6.42				86028
08/05/14			2731				6.42				17533.02
Total			100000								647521.6

 

Page 20 of 25

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Shares Purchased by Methoni
Date		No of Shares				Price				Total
4/24/14			500,000				7.3				3,650,000
8/6/14			100				6.4				639
8/6/14			2,266				6.4				14,480
8/6/14			100				6.4				640
8/6/14			8,500				6.4				54,400
8/6/14			3,700				6.4				23,717
8/6/14			4,200				6.4				26,964
8/6/14			2,500				6.4				16,075
8/6/14			700				6.4				4,505
8/6/14			8,125				6.4				52,325
8/6/14			1000				6.45				6,445
8/6/14			18324				6.45				118,190
8/6/14			21900				6.46				141,474
8/6/14			10085				6.47				65,250
8/6/14			2600				6.48				16,848
8/6/14			100				6.49				649
8/6/14			5900				6.49				38,291
8/6/14			200				6.50				1,299
8/6/14			9500				6.50				61,750
8/6/14			200				6.51				1,302
8/7/14			1096				6.21				6,806
8/7/14			300				6.22				1,865
8/7/14			500				6.22				3,110
8/7/14			600				6.23				3,738
8/7/14			6000				6.24				37,440
8/7/14			10217				6.25				63,856
8/7/14			10202				6.26				63,865
8/7/14			300				6.27				1,880
8/7/14			5301				6.27				33,237
8/7/14			4700				6.28				29,516
8/7/14			700				6.29				4,403
8/8/14			84				6.24				524
8/8/14			100				6.2400				624
8/8/14			2,700				6.2500				16875
8/8/14			100				6.2522				625
8/8/14			100				6.2600				626
8/8/14			1,200				6.2800				7536
8/8/14			100				6.2842				628
8/8/14			300				6.2900				1887
8/8/14			100				6.2926				629
8/8/14			100				6.2980				630
8/8/14			4,100				6.3000				25830
8/8/14			200				6.3073				1261
8/8/14			300				6.3100				1893
8/8/14			5,700				6.3200				36024

 

Page 21 of 25

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Shares Purchased by Methoni
Date		No of Shares				Price				Total
8/8/14			100				6.3209				632
8/8/14			100				6.3292				633
8/8/14			100				6.3295				633
8/8/14			8,403				6.3300				53191
8/8/14			100				6.3310				633
8/8/14			100				6.3327				633
8/8/14			100				6.3344				633
8/8/14			100				6.3350				634
8/8/14			100				6.3379				634
8/8/14			8,500				6.3400				53890
8/8/14			100				6.3415				634
8/8/14			100				6.3450				635
8/8/14			5,600				6.3500				35560
8/8/14			100				6.3545				635
8/8/14			1,800				6.3600				11448
8/8/14			100				6.3700				637
8/8/14			100				6.3727				637
8/8/14			2,600				6.3800				16588
8/8/14			1,450				6.3900				9266
8/8/14			100				6.3951				640
8/8/14			2,200				6.4000				14080
8/8/14			300				6.4085				1923
8/8/14			6,776				6.4100				43434
8/8/14			100				6.4104				641
8/8/14			100				6.4127				641
8/8/14			100				6.4179				642
8/8/14			100				6.4179				642
8/8/14			12,593				6.4200				80847
8/8/14			200				6.4208				1284
8/8/14			200				6.4216				1284
8/8/14			100				6.4250				643
8/8/14			1,300				6.4300				8359
8/8/14			1,500				6.4400				9660
8/8/14			800				6.4500				5160
8/8/14			6,100				6.4700				39467
8/8/14			200				6.4716				1294
8/8/14			100				6.4800				648
8/8/14			200				6.4851				1297
8/8/14			100				6.5000				650
8/8/14			2,399				6.5100				15617
8/8/14			200				6.5142				1303
8/8/14			100				6.5150				652
8/8/14			800				6.5155				5212
8/8/14			7,720				6.5200				50334
8/8/14			600				6.5209				3913
8/8/14			300				6.5248				1957
8/8/14			200				6.5250				1305

 

Page 22 of 25

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Shares Purchased by Methoni
Date		No of Shares				Price				Total
8/8/14			100				6.5282				653
8/8/14			14,499				6.5300				94678
8/8/14			400				6.5305				2612
8/8/14			200				6.5350				1307
8/8/14			15,809				6.5400				103391
8/8/14			600				6.5450				3927
8/8/14			25,851				6.5500				169324
8/8/14			200				6.5522				1310
8/8/14			100				6.5550				656
8/8/14			2,000				6.5600				13120
8/11/14			800				6.51				5208
8/11/14			25,900				6.52				168868
8/11/14			20,210				6.53				131971
8/11/14			200				6.535				1307
8/11/14			22,731				6.54				148661
8/11/14			2,500				6.55				16375
8/11/14			100				6.555				656
8/11/14			6,600				6.56				43296
8/11/14			2,200				6.57				14454
8/11/14			10,195				6.58				67083
8/11/14			2,300				6.59				15157
8/11/14			500				6.595				3298
8/11/14			6,400				6.6				42240
8/11/14			500				6.605				3303
8/11/14			900				6.61				5949
8/11/14			4,900				6.63				32487
8/11/14			100				6.635				664
8/11/14			9,498				6.64				63067
8/11/14			9,100				6.65				60515
8/11/14			19,100				6.66				127206
8/11/14			5,200				6.67				34684
8/12/14			1900				6.44				12236
8/12/14			3,915				6.45				25252
8/12/14			300				6.46				1938
8/12/14			2000				6.47				12940
8/12/14			2400				6.48				15552
8/12/14			1301				6.49				8443
8/12/14			2,500				6.50				16250
8/12/14			1500				6.51				9765
8/12/14			10052				6.52				65539
8/12/14			21,720				6.53				141832
8/12/14			100				6.54				654
8/12/14			17176				6.54				112331
8/12/14			39410				6.55				258136
8/12/14			800				6.56				5244
8/12/14			36641				6.56				240365
8/12/14			600				6.57				3939

 

Page 23 of 25

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Shares Purchased by Methoni
Date		No of Shares				Price				Total
8/12/14			24400				6.57				160308
8/12/14			6900				6.58				45402
8/12/14			10624				6.59				70012
8/12/14			5827				6.60				38458
8/13/14			300				6.54				1962
8/13/14			800				6.55				5240
8/13/14			4058				6.56				26620
8/13/14			10300				6.57				67671
8/13/14			10800				6.58				71064
8/13/14			9700				6.59				63923
8/13/14			8100				6.60				53460
8/13/14			1300				6.61				8593
8/13/14			3599				6.62				23825
8/13/14			1500				6.63				9945
8/13/14			5576				6.64				37025
8/13/14			11891				6.65				79075
8/13/14			6624				6.66				44116
8/13/14			4161				6.67				27754
8/13/14			400				6.68				2670
8/13/14			14635				6.68				97762
8/13/14			200				6.69				1337
8/13/14			14385				6.69				96236
8/13/14			25706				6.70				172230
8/13/14			29399				6.71				197267
8/13/14			5000				6.72				33600
Total			1,298,434								1,298,434

 

Page 24 of 25

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EXHIBIT INDEX

The following is filed as an Exhibit to this Amendment No. 10:

Exhibit 1: Joint Filing Agreement, dated September 15, 2014, among Sea Consolidation S.A. of Panama, Intermed Champion S.A. of Panama, Methoni Shipping Company Limited, Panayotis Tsakos and Nikolas P. Tsakos.

 

Page 25 of 25