X0306 4 2014-08-05 0 0000075208 OVERSEAS SHIPHOLDING GROUP INC OSG 0001239741 JOHNSTON ROBERT E TWO HARBOUR PLACE 302 KNIGHTS RUN AVENUE, SUITE 1200 TAMPA FL 33602 0 1 0 0 President and CEO Class A Common Stock, par value $.01 per share 2014-08-05 4 J 0 23088 3 A 23088 D Class B Common Stock, par value $.01 per share 2014-08-05 4 J 0 25645 A 25645 D Class B Common Stock, par value $.01 per share 2014-08-05 4 J 0 4821 A 4821 I (3) The shares were issued to the reporting person pursuant to the Issuer's First Amended Joint Plan of Reorganization ("Plan") filed on May 26, 2014 with the U.S. Bankruptcy Court in the District of Delaware in connection with the equity rights offering under the Plan. These shares were issued to the reporting person pursuant to the Plan in exchange for his shares of Common Stock of the Issuer. The reporting person indirectly owns these 4,821 shares of Class B common stock through the Overseas Shipholding Group, Inc. 2000 Employee Stock Purchase Plan. /s/James I. Edelson, Attorney-in-Fact, pursuant to power of attorney previously filed 2014-08-07