X0201 4 2003-10-07 0 0000075208 OVERSEAS SHIPHOLDING GROUP INC OSG 0001239740 HYMAN MORTON P 511 FIFTH AVENUE NEW YORK NY 10017 1 1 0 0 Chairman, President and CEO Common Stock, par value $1.00 per share 2003-10-07 4 M 0 60000 14.625 A 63927 D Common Stock, par value $1.00 per share 2003-10-07 4 J 0 19600 25.85 D 44327 D Common Stock, par value $1.00 per share 2003-10-07 4 J 0 100 25.87 D 44227 D Common Stock, par value $1.00 per share 2003-10-07 4 J 0 300 25.88 D 43927 D Common Stock, par value $1.00 per share 2003-10-07 4 J 0 10000 25.9 D 33927 D Common Stock, par value $1.00 per share 2003-10-07 4 J 0 21100 26 D 12827 D Common Stock, par value $1.00 per share 2003-10-07 4 J 0 100 26.01 D 12727 D Common Stock, par value $1.00 per share 2003-10-07 4 J 0 600 26.03 D 12127 D Common Stock, par value $1.00 per share 2003-10-07 4 J 0 6100 26.04 D 6027 D Common Stock, par value $1.00 per share 2003-10-07 4 J 0 2100 26.05 D 3927 D Common Stock, par value $1.00 per share 6788 D Common Stock, par value $1.00 per share 3724 I (3) Common Stock, par value $1.00 per share 405 I (3) Common Stock, par value $1.00 per share 12073 I (3) Common Stock, par value $1.00 per share 280 I (4) Common Stock, par value $1.00 per share 2000 I (4) Common Stock, par value $1.00 per share 2000 I (4) Stock Option (right to buy) 14.625 2003-10-07 4 M 0 60000 0 A 2003-02-01 2005-01-04 Common Stock 60000 82375 D Sold pursuant to a trading plan adopted pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934, as amended. The reporting person also directly owns 6,788 shares of common stock in an individual retirement account. The reporting person indirectly owns the following shares of common stock: (a) 3,724 shares which were purchased by the reporting person pursuant to the Overseas Shipholding Group, Inc. 2000 Employee Stock Purchase Plan. (b) 405 shares which were purchased by the reporting person pursuant to the OSG Ship Management, Inc. Savings Plan. (c) 12,073 shares which represent the reporting person's .40427% partnership interest in OSG Holdings, a New York partnership. The reporting person indirectly owns the following shares of common stock: (a) 280 shares owned by the reporting person's wife. The reporting person disclaims beneficial ownership of these shares. (b) 2,000 shares owned by the reporting person's wife as custodian for the reporting person's son under the New York State Uniform Gifts to Minors Act. The reporting person disclaims beneficial ownership of these shares. (c) 2,000 shares owned by the reporting person's wife as custodian for the reporting person's daughter under the New York State Uniform Gifts to Minors Act. The reporting person disclaims beneficial ownership of these shares. /s/James I. Edelson, Attorney-in-Fact pursuant to power of attorney previously filed 2003-10-08