4//SEC Filing
OSG America L.P. 4
Accession 0000075208-09-000033
CIK 0001409134operating
Filed
Dec 8, 7:00 PM ET
Accepted
Dec 9, 7:15 PM ET
Size
10.9 KB
Accession
0000075208-09-000033
Insider Transaction Report
Form 4
OVERSEAS SHIPHOLDING GROUP INC
10% Owner
Transactions
- Purchase
Limited Partnership Interest
2009-12-07$10.25/sh+5,652,457$57,937,684→ 13,652,892 total(indirect: See footnotes) - Purchase
Limited Partnership Interest
2009-12-09$10.25/sh+3,300$33,825→ 13,657,192 total(indirect: See footnotes) - Purchase
Limited Partnership Interest
2009-12-08$10.25/sh+1,000$10,250→ 13,653,892 total(indirect: See footnotes)
Footnotes (5)
- [F1]Common units purchased pursuant to the Offer to Purchase by OSG Bulk Ships, Inc. ("Bulk Ships"), a wholly owned subsidiary of the reporting person, dated November 5, 2009, whereby Bulk Ships offered to purchase any and all common units representing limited partner interests of OSG America L.P. validly tendered in response to its offer (the "Offer").
- [F2]Represents 1,000 common units tendered pursuant to a Notice of Guaranteed Delivery, which were accepted pursuant to the terms of the Offer and for which valid tender was completed on December 8, 2009.
- [F3]Represents 3,300 common units tendered pursuant to a Notice of Guaranteed Delivery, which were accepted pursuant to the terms of the Offer and for which valid tender was completed on December 9, 2009.
- [F4]Overseas Shipholding Group, Inc. ("OSG") indirectly owns 100% of OSG America LLC ("OSG GP"), the sole general partner of the Issuer. OSG GP owns a 2% general partner interest in the Issuer.
- [F5]The transactions reported herein were effected by Bulk Ships. Prior to the transactions reported herein, subsidiaries of OSG owned an aggregate of 8,000,435 common units and 15,000,000 subordinated units of the Issuer. (This filing also reflects a correction to the previous filing in that the number of common units held by the reporting person prior to this transaction should have been 8,000,435 and not 8,000,434.) OSG GP owns 612,245 general partner units and also owns incentive distribution rights ("IDRs"), which represent the right to receive an increasing percentage of quarterly distributions in excess of specified amounts. OSG is the indirect beneficial owner of the general partner interest in the Issuer and the IDRs owned by OSG GP.
Documents
Issuer
OSG America L.P.
CIK 0001409134
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001409134
Filing Metadata
- Form type
- 4
- Filed
- Dec 8, 7:00 PM ET
- Accepted
- Dec 9, 7:15 PM ET
- Size
- 10.9 KB