(Amendment No. *)
1.
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NAME OF REPORTING PERSONS
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I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
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Containers Shareholders Trinity Ltd.
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2.
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
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(a)
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[_]
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(b)
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[_]
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5.
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
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[_]
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6.
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CITIZENSHIP OR PLACE OF ORGANIZATION
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Liberia
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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7.
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SOLE VOTING POWER
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20,563,380
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9.
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SOLE DISPOSITIVE POWER
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20,563,380
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10.
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SHARED DISPOSITIVE POWER
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[_]
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0
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11.
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
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PERSON
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20,563,380
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12.
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
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CERTAIN SHARES*
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[ ]
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13.
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
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58.67%
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14.
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TYPE OF REPORTING PERSON*
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CO
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CUSIP NO. Y23592309
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Item 1.
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Security and Issuer
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The class of equity security to which
this statement relates is the Common Shares, $0.03 par value (the "Common Shares"), of Euroseas Ltd., a Marshall Islands
corporation (the “Issuer”). The address of the principal executive office of the Issuer is 4 Messogiou & Evropis
St., 151 24 Maroussi, Greece.
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Item 2.
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Identity and Background
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(a),(f)
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The person filing this statement is Containers Shareholders Trinity Ltd., a Liberian corporation (the
“Reporting Person”).
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(b)
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The address of the principal place of business of the Reporting Person is 80 Broad Street, Monrovia,
Liberia.
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(b),(c)
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The principal business of the Reporting Person is acting as a shipping investment holding company.
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The name, citizenship, present
principal occupation or employment and business address of each executive officer and director of the Reporting Person is set forth
below. The business address of each director and executive officer is 4 Messogiou & Evropis St., 151 24 Maroussi, Greece.
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Aristides P. Pittas
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President, Director
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Mr. Pittas is a citizen of Greece. His principal occupation is serving as Vice Chairman of the Issuer.
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Marcos Vassilikos
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Vice President, Director
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Marcos Vassilikos, is a citizen of Greece.
His principal occupation is serving as Vice Chairman of the Issuer.
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Stefania Karmiri
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Secretary, Treasurer, Director
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Stefania Karmiri, is a citizen of Greece. Her
principal occupation is serving as Treasurer/Secretary of the Issuer.
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(d),(e)
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Neither the Reporting Person, nor any manager or executive officer of the Reporting Person, has, during
the past five years, (a) been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors), or (b)
been 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.
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Item 3.
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Source and Amount of Funds or Other Consideration
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The funds for the purchase of the 20,563,380
Common Shares beneficially owned by the Reporting Person came from the working capital of the Reporting Person. No borrowed funds
were used to purchase the Common Shares, other than any borrowed funds used for working capital purposes in the ordinary course
of business.
The other persons named in response
to Item 2 hold the following number of Common Shares of the Issuer in their accounts:
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Common Shares
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Aristides P. Pittas
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10,070
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Item 4.
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Purpose of Transaction
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On August 2, 2019 the Reporting Person
entered into a private transaction pursuant to which it agreed to sell certain vessels to another party in exchange for 6,500,000
Common Shares at a purchase price of $0.71 per Common Share. Subsequently, on August 8, 2019, the Reporting Person acquired another
14,063,380 Common Shares at a purchase price of $0.71 per Common Share.
The Reporting Person does not have any
present plan or proposal which would relate to or result in any of the matters set forth in subparagraphs (a) - (j) of Item 4 of
Schedule 13D. The Reporting Person intends to review its investment in the Issuer on a continuing basis. Depending on various factors,
the Reporting Person may in the future take such actions with respect to their investment in the Issuer as they deem appropriate
including, without limitation, purchasing additional Common Shares, selling some or all of their Common Shares, engaging in short
selling of or any hedging or similar transaction with respect to the Common Shares or changing its intention with respect to any
and all matters referred to in Item 4.
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Item 5.
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Interest in Securities of the Issuer
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(a)-(d)
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As of the date hereof, the Reporting Person may be deemed to be the beneficial owner of 20,563,380
Common Shares, constituting 58.67% of the Common Shares, based upon 35,050,855 Common Shares outstanding. The Reporting Person has
the sole power to vote or direct the vote of 20,563,380 Common Shares and the shared power to vote or direct the vote of 0 Common
Shares. The Reporting Person has the sole power to dispose or direct the disposition of 20,563,380 Common Shares and the shared
power to dispose or direct the disposition of 0 Common Shares.
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None of the other persons named
in response to Item 2 have the sole power to vote or to direct the vote, the shared power to vote or direct the vote, the sole
power to dispose or to direct the disposition of the Common Shares that are the subject of this Schedule 13D.
Other than the transactions described
in Item 4 above, there have been no transactions in the Shares by the Reporting Persons during the past sixty days.
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Item 6.
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Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer
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The information set forth in
Item 4 above is incorporated by reference in its entirety in this Item 6.
Other than as set forth above,
the Reporting Persons do not have any contract, arrangement, understanding or relationship with any person with respect to securities
of the Issuer.
SIGNATURES
After reasonable inquiry
and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
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September
6, 2019
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(Date)
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Containers Shareholders Trinity Ltd.
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By: /s/ Aristides P. Pittas
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Name: Aristides P. Pittas
Title: President
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Attention: Intentional misstatements or omissions
of fact constitute Federal criminal violations (see 18 U.S.C. 1001).