SEC Form 4 · accession 0001140361-16-056301

OVERSEAS SHIPHOLDING GROUP INC · OSG

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — SVP,Secretary& General Counsel

Period of report

Mar 2, 2016

Accepted (ET)

Mar 3, 2016 · 4:10 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 share^F1	Mar 2, 2016	J	56,410	—	A	56,410	D
Class A Common Stock, par value $.01 per share^F1	Mar 2, 2016	F	23,253	—	D	33,157	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Restricted Stock Units^F1,F2	$0.00	Mar 2, 2016	J	51,282	D	—	—	Class A Common Stock	56,410	102,564	D

F1These 56,410 shares of Class A Common Stock were acquired upon the vesting of 51,282 restricted stock units on March 2, 2016 pursuant to the Overseas Shipholding Group, Inc. ("OSG") Management Incentive Plan, which vested units were settled in shares of Class A Common Stock. 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). In connection with the vesting of the units, 23,253 shares of Class A Common Stock were withheld by OSG in payment of the reporting person's tax withholding liability incurred as a result of the vesting of the units.
F2These 51,282 restricted stock units vested on March 2, 2016 and were settled in shares of Class A Common Stock as reported in Table I on this Form 4.