DIENIS GEORGE 4
4 · OVERSEAS SHIPHOLDING GROUP INC · Filed Feb 24, 2012
Insider Transaction Report
Form 4
DIENIS GEORGE
COO of certain of issuers subs
Transactions
- Award
Common Stock, par value $1.00 per share
2012-02-23+12,000→ 26,224 total - Award
Stock Option (right to buy)
2012-02-23+28,090→ 28,090 totalExercise: $12.50Exp: 2022-02-23→ Common Stock (28,090 underlying)
Footnotes (3)
- [F1]These shares of common stock were granted pursuant to the Overseas Shipholding Group, Inc. 2004 Stock Incentive Plan, as amended (the "2004 Plan"), and are subject to vesting restrictions. The Reporting Person becomes vested in one fourth of such shares on each of the first, second, third and fourth anniversaries of the date of grant.
- [F2]Of these 26,224 shares of common stock, 14,936 shares are subject to vesting restrictions as of February 24, 2012.
- [F3]The option to purchase these shares of common stock was granted pursuant to the 2004 Plan and will become exercisable as to one third of such shares on each of the first, second and third anniversaries of the date of grant.