OVERSEAS SHIPHOLDING GROUP INC 4
4 · OVERSEAS SHIPHOLDING GROUP INC · Filed Jan 12, 2012
Insider Transaction Report
Form 4
ARNTZEN MORTEN
DirectorPresident and CEO
Transactions
- Tax Payment
Common Stock, par value $1.00 per share
2012-01-10$11.61/sh−1,861$21,606→ 144,083 total
Holdings
- 4,210(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 1,861 shares of common stock were surrendered to Overseas Shipholding Group, Inc. upon the January 10, 2012 vesting of 4,621 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 144,083 shares of common stock, 49,526 shares are subject to vesting restrictions as of January 12, 2012.
- [F3]The reporting person indirectly holds these shares through the OSG Ship Management, Inc. Savings Plan as of December 31, 2011.