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SUSQUEHANNA INTERNATIONAL GROUP, LLP
> TBSI
| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 12/31/2009 | TBS INTERNATIONAL LTD | TBSI | 44,460 | -127,965 | 327,000 | -1,173,000 | $7.35 |
| 09/30/2009 | TBS INTERNATIONAL LTD | TBSI | 172,425 | 156,478 | 1,500,000 | 1,375,000 | $8.70 |
| 06/30/2009 | TBS INTERNATIONAL LTD | TBSI | 15,947 | 15,947 | 125,000 | 125,000 | $7.84 |
| 12/31/2008 | TBS INTERNATIONAL LTD | TBSI | 0 | -11,332 | 0 | -153,000 | |
| 09/30/2008 | TBS INTERNATIONAL LTD | TBSI | 11,332 | 11,332 | 153,000 | 153,000 | $13.50 |
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