BERGLUND MATS 4
4 · OVERSEAS SHIPHOLDING GROUP INC · Filed Jan 12, 2010
Insider Transaction Report
Form 4
BERGLUND MATS
SVP & Head Crude Transp. SBU
Transactions
- Other
Common Stock, par value $1.00 per share
2009-12-31+49→ 20,042 total - Tax Payment
Common Stock, par value $1.00 per share
2010-01-11$51.39/sh−1,131$58,122→ 18,911 total
Holdings
- 1,005(indirect: (4))
Common Stock, par value $1.00 per share
Footnotes (4)
- [F1]These shares were acquired during 2009 pursuant to a dividend reimbursement plan which provides for a broad-based participation, does not discriminate in favor of employees of Overseas Shipholding Group, Inc. and operates on substantially the same terms for plan participants.
- [F2]In accordance with the terms of the Overseas Shipholding Group, Inc. 2004 Stock Incentive Plan,as amended, these 1,131 shares of common stock were surrendered to Overseas Shipholding Group, Inc. upon the January 11, 2010 vesting of 2,736 shares (the "Vested Shares") of the reporting person's restricted stock in payment of the reporting person's tax withholding liability incurred as a result of the vesting of the Vested Shares.
- [F3]Of these 18,911 shares of common stock, 9,001 shares are subject to vesting restrictions as of January 11, 2010.
- [F4]The reporting person indirectly owns these 1,005 shares of common stock through the OSG Ship Management, Inc. Savings Plan.