SMITH JANICE K. 4
4 · OVERSEAS SHIPHOLDING GROUP INC · Filed Jan 11, 2011
Insider Transaction Report
Form 4
SMITH JANICE K.
Chief Risk Officer
Transactions
- Tax Payment
Common Stock, par value $1.00 per share
2011-01-10$36.76/sh−86$3,161→ 2,403 total
Holdings
- 446(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 86 shares of common stock were surrendered to Overseas Shipholding Group, Inc. upon the January 10, 2011 vesting of 192 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 2,403 shares of Common Stock, 1,779 shares are subject to vesting restrictions as of January 10, 2011.
- [F3]The Reporting Person indirectly owns these 446 shares of Common Stock through the Overseas Shipholding Group, Inc. 2000 Employee Stock Ownership Plan as of December 31, 2010.