BlueMountain Long/Short Credit GP, LLC 4

Accession 0000899243-18-018717

CIK 0000075208other

View on SEC.gov Company Profile

Filed

Jun 28, 8:00 PM ET

Accepted

Jun 29, 4:06 PM ET

Size

69.5 KB

Accession

0000899243-18-018717

Insider Transaction Report

Form 4

Period: 2018-06-27

OVERSEAS SHIPHOLDING GROUP INCOV6:GR

BlueMountain Capital Management, LLC

10% Owner

Transactions

Sale
Class A Common Stock
2018-06-27$4.00/sh−19,325$77,300→ 8,198,641 total(indirect: Footnotes)
Sale
Class A Common Stock
2018-06-27$4.00/sh−19,325$77,300→ 8,198,641 total
Sale
Class A Common Stock
2018-06-27$4.00/sh−19,325$77,300→ 8,198,641 total(indirect: Footnotes)
Sale
Class A Common Stock
2018-06-27$4.01/sh−25,000$100,250→ 8,095,841 total(indirect: Footnotes)
Sale
Class A Common Stock
2018-06-27$4.01/sh−25,000$100,250→ 8,095,841 total(indirect: Footnotes)
Sale
Class A Common Stock
2018-06-27$4.01/sh−25,000$100,250→ 8,095,841 total(indirect: Footnotes)
Sale
Class A Common Stock
2018-06-27$4.06/sh−30,600$124,236→ 8,065,241 total(indirect: Footnotes)
Sale
Class A Common Stock
2018-06-27$4.06/sh−30,600$124,236→ 8,065,241 total
Sale
Class A Common Stock
2018-06-27$4.00/sh−19,325$77,300→ 8,198,641 total(indirect: Footnotes)
Sale
Class A Common Stock
2018-06-27$4.00/sh−19,325$77,300→ 8,198,641 total(indirect: Footnotes)
Sale
Class A Common Stock
2018-06-27$4.04/sh−77,800$314,312→ 8,120,841 total(indirect: Footnotes)
Sale
Class A Common Stock
2018-06-27$4.04/sh−77,800$314,312→ 8,120,841 total(indirect: Footnotes)
Sale
Class A Common Stock
2018-06-27$4.04/sh−77,800$314,312→ 8,120,841 total
Sale
Class A Common Stock
2018-06-27$4.01/sh−25,000$100,250→ 8,095,841 total(indirect: Footnotes)
Sale
Class A Common Stock
2018-06-27$4.01/sh−25,000$100,250→ 8,095,841 total
Sale
Class A Common Stock
2018-06-27$4.06/sh−30,600$124,236→ 8,065,241 total(indirect: Footnotes)
Sale
Class A Common Stock
2018-06-27$4.06/sh−30,600$124,236→ 8,065,241 total(indirect: Footnotes)
Sale
Class A Common Stock
2018-06-27$4.06/sh−30,600$124,236→ 8,065,241 total(indirect: Footnotes)
Sale
Class A Common Stock
2018-06-27$4.11/sh−25,000$102,750→ 8,040,241 total(indirect: Footnotes)
Sale
Class A Common Stock
2018-06-27$4.11/sh−25,000$102,750→ 8,040,241 total(indirect: Footnotes)
Sale
Class A Common Stock
2018-06-27$4.11/sh−25,000$102,750→ 8,040,241 total(indirect: Footnotes)
Sale
Class A Common Stock
2018-06-27$4.02/sh−11,700$47,034→ 8,028,541 total(indirect: Footnotes)
Sale
Class A Common Stock
2018-06-27$4.02/sh−11,700$47,034→ 8,028,541 total(indirect: Footnotes)
Sale
Class A Common Stock
2018-06-27$4.02/sh−11,700$47,034→ 8,028,541 total(indirect: Footnotes)
Sale
Class A Common Stock
2018-06-27$4.02/sh−11,700$47,034→ 8,028,541 total
Sale
Class A Common Stock
2018-06-27$4.04/sh−77,800$314,312→ 8,120,841 total(indirect: Footnotes)
Sale
Class A Common Stock
2018-06-27$4.04/sh−77,800$314,312→ 8,120,841 total(indirect: Footnotes)
Sale
Class A Common Stock
2018-06-27$4.11/sh−25,000$102,750→ 8,040,241 total(indirect: Footnotes)
Sale
Class A Common Stock
2018-06-27$4.11/sh−25,000$102,750→ 8,040,241 total
Sale
Class A Common Stock
2018-06-27$4.02/sh−11,700$47,034→ 8,028,541 total(indirect: Footnotes)

Footnotes (5)

[F1]The filing of this Form 4 shall not be construed as an admission that BlueMountain Capital Management, LLC ("BMCM"), GP Holdings or the General Partner (each as defined in Footnote 3 below) is or was for the purposes of Section 16(a) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise the beneficial owner of any of the shares of Class A Common Stock, par value $0.01 per share (the "Common Stock"), of Overseas Shipholding Group, Inc. (the "Issuer"). Pursuant to Rule 16a-1(a)(4) of the Exchange Act, BMCM, GP Holdings and the General Partner disclaim such beneficial ownership, except to the extent of their respective pecuniary interest.
[F2]BMCM is the non-member manager of BlueMountain Nautical LLC ("Nautical"), which is the direct beneficial owner of 8,028,541 shares of Common Stock, and is the investment manager of BlueMountain Guadalupe Peak Fund L.P. ("Guadalupe"), which holds 100% of the membership interests of Nautical, and thus is an indirect beneficial owner of the Common Stock held by Nautical.
[F3]BMCM, although it directs the voting and disposition of the Common Stock held by Nautical, only receives an asset-based fee relating to the shares of Common Stock held by Nautical. BlueMountain Long/Short Credit GP, LLC (the "General Partner") is the general partner of Guadalupe and has an indirect profits interest in the Common Stock beneficially owned by Guadalupe. BlueMountain GP Holdings, LLC ("GP Holdings") is the sole owner of the General Partner, and thus has an indirect profits interest in the Common Stock beneficially owned by Guadalupe.
[F4]On June 27, 2018, Nautical sold 19,325, 77,800, 25,000, 30,600, 25,000 and 11,700 shares of Common Stock for $4.00, $4.04, $4.01, $4.06, $4.11 and $4.02 per share, respectively.
[F5]The Reporting Persons are jointly filing this Form 4 pursuant to Rule 16(a)-3(j) under the Exchange Act.

Documents

1 file

4
doc4.xmlPrimary
FORM 4 SUBMISSION

Issuer

OVERSEAS SHIPHOLDING GROUP INC

CIK 0000075208

→

Entity typeother

IncorporatedDE

Related Parties

filerCIK 0001541088

Filing Metadata

Form type: 4
Filed: Jun 28, 8:00 PM ET
Accepted: Jun 29, 4:06 PM ET
Size: 69.5 KB

View on SEC.gov