JOHNSEN NIELS W 4
4 · INTERNATIONAL SHIPHOLDING CORP · Filed May 12, 2011
Insider Transaction Report
Form 4
JOHNSEN NIELS W
Director10% Owner
Transactions
- Gift
Common Stock
2011-05-09−642,485→ 0 total - Gift
Common Stock
2011-05-09+642,485→ 642,485 total(indirect: By Trust) - Gift
Common Stock
2011-05-09−224,622→ 0 total(indirect: Through Corporation) - Gift
Common Stock
2011-05-09+224,622→ 867,107 total(indirect: By Trust)
Footnotes (2)
- [F1]For estate planning purposes, on May 9, 2011, Mr. Johnsen transferred his interests in International Shipholding Corp. to a trust for the benefit of certain family members (the "Family Trust"). He transferred 642,485 directly held shares, and his controlling interest in the Caltar Corporation, of which Mr. Johnsen is President and a Director, and which owns 224,622 shares. Mr. Johnsen is one of three trustees of the Family Trust.
- [F2]Mr. Johnsen disclaims beneficial ownership of the shares held by the Family Trust, except to the extent of his pecuniary interest therein.