OVERSEAS SHIPHOLDING GROUP INC 4
4 · OVERSEAS SHIPHOLDING GROUP INC · Filed Feb 16, 2012
Insider Transaction Report
Form 4
ARNTZEN MORTEN
DirectorPresident and CEO
Transactions
- Tax Payment
Common Stock, par value $1.00 per share
2012-02-15$10.54/sh−8,529$89,896→ 135,554 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 8,529 shares of common stock were surrendered to Overseas Shipholding Group, Inc. upon the February 15, 2012 vesting of 23,645 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 135,554 shares of common stock, 25,881 shares are subject to vesting restrictions as of February 15, 2012.
- [F3]The reporting person indirectly holds these shares through the OSG Ship Management, Inc. Savings Plan as of December 31, 2011.