BERGLUND MATS 4
4 · OVERSEAS SHIPHOLDING GROUP INC · Filed Jan 11, 2011
Insider Transaction Report
Form 4
BERGLUND MATS
SVP & Head Crude Transp. SBU
Transactions
- Tax Payment
Common Stock, par value $1.00 per share
2011-01-10$36.76/sh−1,107$40,693→ 18,789 total
Holdings
- 1,054(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 1,107 shares of common stock were surrendered to Overseas Shipholding Group, Inc. upon the January 10, 2011 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.
- [F2]Of these 18,789 shares of common stock, 5,692 shares are subject to vesting restrictions as of January 10, 2011.
- [F3]The reporting person indirectly owns these 1,054 shares of common stock through the OSG Ship Management, Inc. Savings Plan as of December 31, 2010.