OVERSEAS SHIPHOLDING GROUP INC 4
4 · OVERSEAS SHIPHOLDING GROUP INC · Filed Jun 23, 2016
Insider Transaction Report
Form 4
WRIGHT GREGORY A
Director
Transactions
- Other
Class A Common Stock, par value $.01 per share
2016-06-13−52,074→ 10,414 total - Other
Class A Common Stock, par value $.01 per share
2016-06-22+8,432→ 18,846 total
Footnotes (2)
- [F1]On June 13, 2016, the Issuer effected a reverse stock split of one new share of Class A Common Stock issued in exchange for every six existing shares of Class A Common Stock, resulting in the Reporting Person owning 10,414 new shares of Class A Common Stock in exchange for the 62,488 existing shares of Class A Common Stock owned by the Reporting Person.
- [F2]These 8,432 shares of Class A Common Stock were granted to the Reporting Person by the Issuer on June 23, 2016 pursuant to the Issuer's Non-Employee Director Incentive Compensation Plan and vest on the earlier of (i) June 8, 2017 and (ii) the date of the annual meeting of stockholders in 2017.