4//SEC Filing
OVERSEAS SHIPHOLDING GROUP INC 4
Accession 0001140361-16-081427
CIK 0000075208operating
Filed
Oct 2, 8:00 PM ET
Accepted
Oct 3, 5:06 PM ET
Size
28.1 KB
Accession
0001140361-16-081427
Insider Transaction Report
Form 4
BLACKLEY IAN T
SVP &Head of Int'l ShippingOps
Transactions
- Tax Payment
Class A Common Stock, par value $.01 per share
2016-05-27−1,727→ 14,021.72 total - Other
Class A Common Stock, par value $.01 per share
2016-09-29+3,348→ 15,748.72 total - Other
Restricted Stock Units
2016-09-29−3,348→ 3,349 totalExercise: $0.00→ Class A Common Stock (3,348 underlying)
Footnotes (3)
- [F1]As previously reported, on December 17, 2005 Overseas Shipholding Group, Inc. (the "Issuer") paid a stock dividend of one share of Class A Common Stock for every ten shares of Class A Common Stock and one share of Class A Common Stock for every ten shares of Class B Common Stock. On June 13, 2016 the Issuer effected a reverse stock split of one new share of Class A Common Stock for every six existing shares of Class A Common Stock. As a result of the foregoing action on June 13, 2016, the 74,404.326 shares of Class A Common Stock that the Reporting Person owned on May 27, 2016 became 12,400.72 shares of Class A Common Stock.
- [F2]These 3,348 shares of Class A Common Stock were acquired upon the vesting of 3,348 restricted stock units on September 29, 2016 (such number adjusted from 18,265 restricted stock units because of the two actions described in note 1) pursuant to the Overseas Shipholding Group, Inc. Management Incentive Compensation Plan, which vested units were settled in shares of Class A Common Stock. In connection with the vesting of the units, 1,727 units were withheld by Overseas Shipholding Group, Inc. in payment of the reporting person's tax withholding liability incurred as a result of the vesting of the units.
- [F3]These 3,348 restricted stock units vested on September 29, 2016 and were settled in shares of Class A Common Stock as reported in Table I on this Form 4. The 3,349 restricted stock units owned following the vesting of the 3,348 restricted stock units have been adjusted to reflect the actions described in notes 1 and 2.
Documents
Issuer
OVERSEAS SHIPHOLDING GROUP INC
CIK 0000075208
Entity typeoperating
IncorporatedFL
Related Parties
1- filerCIK 0000075208
Filing Metadata
- Form type
- 4
- Filed
- Oct 2, 8:00 PM ET
- Accepted
- Oct 3, 5:06 PM ET
- Size
- 28.1 KB