Table:
| Title | Identity of Person | No. of Shares | Percent of Class(1) |
| --- | --- | --- | --- |
| Common | Hansson family(2) | 4,380,659 | 2.98% |
|  | Jim Kelly |  | * |
|  | Richard Vietor |  | * |
|  | David Workman |  | * |
|  | Bjørn Giæver |  | * |
Paragraphs:
ITEM 7. MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS
A. Major Shareholders
The following table sets forth information regarding beneficial ownership of our common shares for (i) owners of more than five percent of our common shares and (ii) our directors and officers, of which we are aware of the date of this annual report.
(1) Based on 147,230,634 common shares outstanding as of the date of this annual report.
(2) The holdings of High Seas AS, which are for the economic interest of members of the Hansson family, as well as the personal holdings of our Chief Executive Officer and Chairman, Mr. Herbjorn Hansson, and our director, Alexander Hansson, are included in the amount reported herein.
* Less than 1% of our common outstanding shares.
As of April 14, 2020, we had 575 holders of record in the United States, including Cede & Co., which is the Depositary Trust Company’s nominee for holding shares on behalf of brokerage firms, as a single holder of record. We had a total of 147,230,634 Common Shares outstanding as of the date of this annual report.
Question:
What is the percentage of shares owned by the Hanssen family?
Answer: 2.98%