SMITH JANICE K. 4
4 · OVERSEAS SHIPHOLDING GROUP INC · Filed Dec 21, 2011
Insider Transaction Report
Form 4
SMITH JANICE K.
Chief Risk Officer
Transactions
- Tax Payment
Common Stock, par value $1.00 per share
2011-12-19$9.18/sh−106$973→ 4,078 total
Holdings
- 482(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 19, 2011 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 4,078 shares of Common Stock, 3,166 shares are subject to vesting restrictions as of December 21, 2011.
- [F3]The Reporting Person indirectly owns these 482 shares of Common Stock through the Overseas Shipholding Group, Inc. 2000 Employee Stock Ownership Plan as of December 21, 2011. She acquired 36 shares since December 31, 2010 through the reinvestment of dividends under such Purchase Plan.