X0303 4/A 2011-01-25 2011-01-27 0 0000075208 OVERSEAS SHIPHOLDING GROUP INC OSG 0001239715 FRIBOURG CHARLES 277 PARK AVENUE NEW YORK NY 10172 1 0 0 0 Common Stock, par value $1.00 per share 2011-01-25 4 J 0 10266 31.8981 A 247262 I (2) Common Stock, par value $1.00 per share 1600 I (3) Common Stock, par value $1.00 per share 18075 D Purchased pursuant to a trading plan adopted pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934, as amended. These shares are held indirectly through an entity. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest in these shares. This amendment increases the number of shares indirectly held through an entity to reflect the purchase of 14,673 shares on June 8, 2010 which were inadvertently not reported until today, when such transaction was reported on a Form 4. These shares are owned by the Reporting Person's spouse. The Reporting Person disclaims beneficial ownership of these shares. /s/James I. Edelson, Attorney-in-Fact pursuant to a power of attorney previously filed 2011-02-10