4//SEC Filing
OVERSEAS SHIPHOLDING GROUP INC 4
Accession 0001140361-12-011159
CIK 0000075208operating
Filed
Feb 26, 7:00 PM ET
Accepted
Feb 27, 4:17 PM ET
Size
10.3 KB
Accession
0001140361-12-011159
Insider Transaction Report
Form 4
ARNTZEN MORTEN
DirectorPresident and CEO
Transactions
- Tax Payment
Common Stock, par value $1.00 per share
2012-02-23$10.09/sh−1,949$19,665→ 133,605 total - Award
Common Stock, par value $1.00 per share
2012-02-23+36,000→ 169,605 total - Award
Stock Option (right to buy)
2012-02-23+84,270→ 84,270 totalExercise: $12.50Exp: 2022-02-23→ Common Stock (84,270 underlying)
Holdings
- 4,210(indirect: (4))
Common Stock, par value $1.00 per share
Footnotes (5)
- [F1]In accordance with the terms of the Overseas Shipholding Group, Inc. 2004 Stock Incentive Plan, as amended (the "2004 Plan"), these 1,949 shares of common stock were surrendered to Overseas Shipholding Group, Inc. upon the February 23, 2012 vesting of 5,403 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]These shares of common stock were granted pursuant to 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.
- [F3]Of these 169,605 shares of common stock, 56,478 shares are subject to vesting restrictions as of February 24, 2012.
- [F4]The reporting person indirectly holds these shares through the OSG Ship Management, Inc. Savings Plan as of December 31, 2011.
- [F5]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.
Documents
Issuer
OVERSEAS SHIPHOLDING GROUP INC
CIK 0000075208
Entity typeoperating
IncorporatedFL
Related Parties
1- filerCIK 0000075208
Filing Metadata
- Form type
- 4
- Filed
- Feb 26, 7:00 PM ET
- Accepted
- Feb 27, 4:17 PM ET
- Size
- 10.3 KB