ITEM 5.02(e) Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On August 27, 2009, Trailer Bridge, Inc.'s (the "Company") compensation committee awarded Ralph W. Heim, the Company's President and Chief Operating Officer, a one-time discretionary bonus of $50,000 for Mr. Heim's service to the Company as interim Chief Executive Officer from December 2008 to August 2009. Following the Company's appointment of Ivy Barton Suter as Chief Executive Officer on August 26, 2009, Mr. Heim resumed his position as President and Chief Operating Officer of the Company.

ITEM 8.01 Other Events.

On August 28, 2009, the Company purchased $1 million (face amount) of its 9.25% Senior Secured Notes in open market transactions. The Company purchased the notes for $905,000. The Company's 9.25% Senior Secured Notes mature on November 15, 2011 and interest on the notes is payable semi-annually on each May 15 and November 15. The aggregate principal outstanding on the 9.25% Senior Secured Notes is $84 million.

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