SEC Form 4/A · accession 0001140361-16-048466
OVERSEAS SHIPHOLDING GROUP INC · OSG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 4/A). It replaces an earlier filing for the same period.
Reporting owner
Rick F Oricchio
Officer — Senior Vice President and CFO
Period of report
Jan 12, 2016
Accepted (ET)
Jan 22, 2016 · 3:25 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000075208
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common Stock, par value $.01 per shareF1 | Jan 12, 2016 | J | 169,230 | — | A | 169,230 | D | |
| Class A Common Stock, par value $.01 per shareF1 | Jan 12, 2016 | F | 62,565 | — | D | 106,665 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF2 | $0.00 | Jan 12, 2016 | J | 153,846 | D | — | — | Class A Common Stock | 153,846 | 307,692 | D |
Explanation of responses
- F1These 106,665 shares of Class A Common Stock were acquired upon the vesting of 153,846 restricted stock units on January 12, 2016 pursuant to the Overseas Shipholding Group, Inc. Management Incentive Compensation Plan. Each unit represents the right to acquire 1.1 shares of Class A Common Stock (reflecting the stock dividend of one share of Class A Common Stock for every ten shares of Class A Common Stock paid in December 2015). The vested units were settled in shares of Class A Common Stock (a total amount of 169,230 shares). In connection with the vesting of the units, 62,565 shares of Class A Common Stock 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. The reporting person previously reported that 61,195 shares of Class A Common Stock were withheld in payment of such withholding liability but such number was incorrect and this filing corrects such error.
- F2These 153,846 restricted stock units vested on January 12, 2016 and were settled in shares of Class A Common Stock as reported in Table I on this Form 4.