OVERSEAS SHIPHOLDING GROUP INC 4
4 · OVERSEAS SHIPHOLDING GROUP INC · Filed Dec 21, 2011
Insider Transaction Report
Form 4
ARNTZEN MORTEN
DirectorPresident and CEO
Transactions
- Tax Payment
Common Stock, par value $1.00 per share
2011-12-19$9.18/sh−3,104$28,495→ 145,944 total
Holdings
- 4,107(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 3,104 shares of common stock were surrendered to Overseas Shipholding Group, Inc. upon the December 19, 2011 vesting of 6,715 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 145,944 shares of common stock, 54,147 shares are subject to vesting restrictions as of December 21, 2011.
- [F3]The reporting person indirectly holds these shares through the OSG Ship Management, Inc. Savings Plan as of December 21, 2011. He acquired 120 shares since June 7, 2011 through reinvestment of dividends under such Plan.