SMITH JANICE K. 4
4 · OVERSEAS SHIPHOLDING GROUP INC · Filed Dec 21, 2010
Insider Transaction Report
Form 4
SMITH JANICE K.
Chief Risk Officer
Transactions
- Tax Payment
Common Stock, par value $1.00 per share
2010-12-17$35.48/sh−106$3,761→ 2,489 total
Holdings
- 426(indirect: (3))
Common Stock, par value $1.00 per share
Footnotes (3)
- [F1]In accordance with the terms of the Overseas Shipholding Group, Inc. 2004 Stock Incentive Plan, these 106 shares of common stock were surrendered to Overseas Shipholding Group, Inc. upon the December 17, 2010 vesting of 257 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.
- [F2]Of these 2,489 shares of Common Stock, 1,971 shares are subject to vesting restrictions as of December 17, 2010.
- [F3]The Reporting Person indirectly owns these 426 shares of Common Stock through the Overseas Shipholding Group, Inc. 2000 Employee Stock Ownership Plan.