OVERSEAS SHIPHOLDING GROUP INC 4
4 · OVERSEAS SHIPHOLDING GROUP INC · Filed Dec 16, 2016
Insider Transaction Report
Form 4
WOLF CHRISTOPHER W
SVP & Chief Financial Officer
Transactions
- Award
Stock Option (Right to buy)
2016-12-14+78,616→ 78,616 totalExercise: $3.73→ Class A Common Stock (78,616 underlying) - Award
Restricted Stock Units
2016-12-14+99,206→ 99,206 totalExercise: $0.00→ Class A Common Stock (99,206 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 January 1 of each of 2018, 2019, and 2020. 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 January 1 of each of 2018, 2019, and 2020.