OVERSEAS SHIPHOLDING GROUP INC 4
4 · OVERSEAS SHIPHOLDING GROUP INC · Filed Apr 1, 2016
Insider Transaction Report
Form 4
FLINTER HENRY P
VP & Head of US Flag SBU
Transactions
- Award
Restricted Stock Units
2016-03-30+71,912→ 71,912 totalExercise: $0.00→ Class A Common Stock (71,912 underlying) - Award
Stock Option (Right to Buy)
2016-03-30+191,441→ 191,441 totalExercise: $1.97Exp: 2026-03-29→ Class A Common Stock (191,441 underlying)
Footnotes (2)
- [F1]These restricted stock units were granted pursuant to the Overseas Shipholding Group, Inc. ("OSG") Management Incentive Compensation Plan (the "Plan") and vest as to one-third of such units on each of the first, second and the third anniversaries of March 30, 2016 (the "Vesting Commencement Date"). Each unit represents the right to acquire one share of Class A Common Stock. Settlement of vested units may be in either shares of Class A Common Stock or cash as determined by the Compensation and Human Resources Committee of the Board in its discretion. Settlement must occur no later than March 15 of the calendar year following vesting of the units.
- [F2]The options to purchase these shares of Class A Common Stock were granted pursuant to the Plan and will become exercisable as to one-third of such shares on the first, second and third anniversaries of the Vesting Commencement Date.