4//SEC Filing
OVERSEAS SHIPHOLDING GROUP INC 4
Accession 0001140361-12-011166
CIK 0000075208operating
Filed
Feb 26, 7:00 PM ET
Accepted
Feb 27, 4:22 PM ET
Size
11.4 KB
Accession
0001140361-12-011166
Insider Transaction Report
Form 4
JOHNSTON ROBERT E
SVP & Head of US Flag Bus.Unit
Transactions
- Award
Stock Option (right to buy)
2012-02-23+46,816→ 46,816 totalExercise: $12.50Exp: 2022-02-23→ Common Stock (46,816 underlying) - Tax Payment
Common Stock, par value $1.00 per share
2012-02-23$10.09/sh−301$3,037→ 21,002 total - Award
Common Stock, par value $1.00 per share
2012-02-23+20,000→ 41,002 total
Holdings
- 60(indirect: (4))
Common Stock, par value $1.00 per share
- 4,821(indirect: (5))
Common Stock, par value $1.00 per share
Footnotes (6)
- [F1]In accordance with the terms of the Overseas Shipholding Group, Inc. 2004 Stock Incentive Plan, as amended (the "2004 Plan"), these 301 shares of common stock were surrendered to Overseas Shipholding Group, Inc. upon the February 23, 2012 vesting of 1,135 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 41,002 shares of common stock, 23,836 shares are subject to vesting restrictions as of February 24, 2012.
- [F4]The 60 shares are held in an individual retirement account ("IRA"). The Reporting Person is a co-trustee of the IRA and has a 50% interest in the assets of the IRA, including the 60 shares.
- [F5]The Reporting Person indirectly owns these 4,821 shares of common stock through the Overseas Shipholding Group, Inc. 2000 Employee Stock Purchase Plan as of December 31, 2011.
- [F6]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, 4:22 PM ET
- Size
- 11.4 KB