SEC Form 4 · accession 0001140361-16-070671
OVERSEAS SHIPHOLDING GROUP INC · OSG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
Douglas D Wheat
Director · Other
Period of report
Jun 22, 2016
Accepted (ET)
Jun 23, 2016 · 5:16 pm EDT
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 | Jun 13, 2016 | J | 85,037 | $0.00 | D | 17,007 | D | |
| Class A Common Stock, par value $.01 per shareF2 | Jun 22, 2016 | J | 15,177 | $0.00 | A | 32,184 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On June 13, 2016, the Issuer effected a reverse stock split of one new share of Class A Common Stock issued in exchange for every six existing shares of Class A Common Stock, resulting in the Reporting Person owning 17,007 new shares of Class A Common Stock in exchange for the 102,044 existing shares of Class A Common Stock owned by the Reporting Person.
- F2These 15,177 shares of Class A Common Stock were granted to the Reporting Person by the Issuer on June 23, 2016 pursuant to the Issuer's Non-Employee Director Incentive Compensation Plan and vest on the earlier of (i) June 8, 2017 and (ii) the date of the annual meeting of stockholders in 2017.