OVERSEAS SHIPHOLDING GROUP INC 4/A
4/A · OVERSEAS SHIPHOLDING GROUP INC · Filed Dec 1, 2016
Insider Transaction Report
Form 4/AAmended
WRIGHT GREGORY A
Director
Transactions
- Other
Class A Common Stock, par value $.01 per share
2016-06-13−57,280→ 11,456 total - Other
Class A Common Stock, par value $.01 per share
2016-06-22+8,432→ 19,888 total
Footnotes (2)
- [F1]In his previous filing which this filing amends, the Reporting Person did not reflect the 6,248 shares of Class A Common Stock the Reporting Person received on December 17, 2015 as a result of a stock dividend of one share of Class A Common Stock for every ten shares of Class A Common Stock owned. 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 11,456 new shares of Class A Common Stock in exchange for the 68,736 existing shares of Class A Common Stock (reflecting the stock dividend of one share of Class A Common Stock for every ten shares of Class A common Stock paid on December 17, 2015) 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.