X0201 4 2003-09-02 0 0000075208 OVERSEAS SHIPHOLDING GROUP INC OSG 0001239741 JOHNSTON ROBERT E 511 FIFTH AVENUE NEW YORK NY 10017 0 1 0 0 SVP & Chief Commercial Officer Common Stock, par value $1.00 per share 2003-09-02 4 M 0 5270 12.5 A 6055 D Common Stock, par value $1.00 per share 2003-09-02 4 J 0 20 26.05 D 6035 D Common Stock, par value $1.00 per share35 2003-09-02 4 J 0 35 26 A 6000 D Common Stock, par value $1.00 per share 2003-09-02 4 J 0 460 25.52 D 5540 D Common Stock, par value $1.00 per share 2003-09-02 4 J 0 45 25.51 D 5495 D Common Stock, par value $1.00 per share 2003-09-02 4 J 0 4710 25.5 D 785 D Common Stock, par value $1.00 per share 2003-09-03 4 M 0 3875 12.5 A 4660 D Common Stock, par value $1.00 per share 2003-09-03 4 J 0 830 25.5 D 3830 D Common Stock, par value $1.00 per share 2003-09-03 4 J 0 525 25.6 D 3305 D Common Stock, par value $1.00 per share 2003-09-03 4 J 0 28 25.61 D 3277 D Common Stock, par value $1.00 per share 2003-09-03 4 J 0 28 25.66 D 3249 D Common Stock, par value $1.00 per share 2003-09-03 4 J 0 130 25.67 D 3119 D Common Stock, par value $1.00 per share 2003-09-03 4 J 0 166 25.68 D 2953 D Common Stock, par value $1.00 per share 2003-09-03 4 J 0 166 25.69 D 2787 D Common Stock, par value $1.00 per share 2003-09-03 4 J 0 750 25.7 D 2037 D Common Stock, par value $1.00 per share 2003-09-03 4 J 0 139 25.71 D 1898 D Common Stock, par value $1.00 per share 2003-09-03 4 J 0 130 25.72 D 1768 D Common Stock, par value $1.00 per share 2003-09-03 4 J 0 28 25.74 D 1740 D Common Stock, par value $1.00 per share 2003-09-03 4 J 0 222 25.75 D 1518 D Common Stock, par value $1.00 per share 2003-09-03 4 J 0 37 25.76 D 1481 D Common Stock, par value $1.00 per share 2003-09-03 4 J 0 102 25.77 D 1379 D Common Stock, par value $1.00 per share 2003-09-03 4 J 0 10 25.79 D 1369 D Common Stock, par value $1.00 per share 2003-09-03 4 J 0 148 25.8 D 1221 D Common Stock, par value $1.00 per share 2003-09-03 4 J 0 37 25.81 D 1184 D Common Stock, par value $1.00 per share 2003-09-03 4 J 0 10 25.82 D 1174 D Common Stock, par value $1.00 per share 2003-09-03 4 J 0 19 25.84 D 1155 D Common Stock, par value $1.00 per share 2003-09-03 4 J 0 46 25.85 D 1109 D Common Stock, par value $1.00 per share 2003-09-03 4 J 0 139 25.87 D 970 D Common Stock, par value $1.00 per share 2003-09-03 4 J 0 185 25.9 D 785 D Common Stock, par value $1.00 per share 3724 I (2) Stock Option (right to buy) 12.5 2003-09-02 4 M 0 5270 0 A 2002-06-08 2009-06-08 Common Stock 5270 14230 D Stock Option (right to buy) 12.5 2003-09-03 4 M 0 3875 0 A 2002-06-08 2009-06-08 Common Stock 3875 10355 D Sold pursuant to a trading plan adopted pursuant to Rule 10b5-1 under the Securities Act of 1934, as amended. The reporting person indirectly owns these 3,724 shares of common stock through the Overseas Shipholding Group, Inc. 2000 Employee Stock Purchase Plan. /s/James I. Edelson, Attorney-in-Fact pursuant to stock power previously filed 2003-09-04