0000075208-20-000024.txt : 20200324 0000075208-20-000024.hdr.sgml : 20200324 20200324164318 ACCESSION NUMBER: 0000075208-20-000024 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20200322 FILED AS OF DATE: 20200324 DATE AS OF CHANGE: 20200324 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Allan Susan CENTRAL INDEX KEY: 0001692914 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-06479 FILM NUMBER: 20738923 MAIL ADDRESS: STREET 1: 302 KNIGHTS RUN AVENUE STREET 2: SUITE 1200 CITY: TAMPA STATE: FL ZIP: 33602 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: OVERSEAS SHIPHOLDING GROUP INC CENTRAL INDEX KEY: 0000075208 STANDARD INDUSTRIAL CLASSIFICATION: DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT [4412] IRS NUMBER: 132637623 STATE OF INCORPORATION: FL FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: TWO HARBOUR PLACE STREET 2: 302 KNIGHTS RUN AVENUE, SUITE 1200 CITY: TAMPA STATE: FL ZIP: 33602 BUSINESS PHONE: 8132090600 MAIL ADDRESS: STREET 1: TWO HARBOUR PLACE STREET 2: 302 KNIGHTS RUN AVENUE, SUITE 1200 CITY: TAMPA STATE: FL ZIP: 33602 4 1 wf-form4_158508258009773.xml FORM 4 X0306 4 2020-03-22 0 0000075208 OVERSEAS SHIPHOLDING GROUP INC OSG 0001692914 Allan Susan 302 KNIGHTS RUN AVE, SUITE 1200 TAMPA FL 33602 0 1 0 0 VP, General Counsel & Corp Sec Class A Common Stock, par value $.01 per share 2020-03-22 4 A 0 15767 0 A 50171 D Class A Common Stock, par value $.01 per share 2020-03-22 4 F 0 3840 1.99 D 46331 D Class A Common Stock, par value $.01 per share 2020-03-23 4 A 0 3164 0 A 49495 D Class A Common Stock, par value $.01 per share 2020-03-23 4 F 0 771 1.87 D 48724 D Restricted Stock Units 0.0 2020-03-22 4 M 0 15767 0 D Class A Common Stock 15767.0 31535 D Restricted Stock Units 0.0 2020-03-23 4 M 0 3164 0 D Class A Common Stock 3164.0 0 D Restricted Stock Units 2020-03-23 4 A 0 65239 0 A Class A Common Stock, par value $.01 per share 65239.0 65239 D Performance Restricted Stock Units 2020-03-23 4 A 0 32619 0 A Class A Common Stock, par value $.01 per share 32619.0 32619 D Performance Restricted Stock Units 2020-03-23 4 A 0 32619 0 A Class A Common Stock, par value $.01 per share 32619.0 65238 D Represents partial vesting of restricted stock units granted on March 22, 2019 pursuant to the Overseas Shipholding Group, Inc. ("OSG") Management Incentive Compensation Plan. The units vest as to one-third of such units on the first, second and third anniversaries of March 22, 2019. Each unit represents the right to acquire one share of Class A Common Stock. Settlement of vested units may be in either shares of Class A Common Stock or cash as determined by the Human Resources and Compensation Committee of the Board in its discretion. Represents shares of Class A Common Stock withheld by the registrant in payment of the reporting person's tax withholding liability incurred as a result of the vesting the Restricted Stock Units. These restricted stock units were granted pursuant to the Overseas Shipholding Group, Inc. ("OSG") Management Incentive Compensation Plan (the "Plan") and vest as to one-third of such units on each of the first, second and the third anniversaries of March 23, 2017 (the "Vesting Commencement Date"). Each unit represents the right to acquire one share of Class A Common Stock. Settlement of vested units may be in either shares of Class A Common Stock or cash as determined by the Human Resources and Compensation Committee of the Board in its discretion. Settlement must occur no later than March 15 of the calendar year following the vesting of the units. These restricted stock units were granted pursuant to the Overseas Shipholding Group, Inc. ("OSG") Incentive Compensation Plan for Management (the "Plan") and vest as to one-third of such units on each of the first, second and the third anniversaries of March 23, 2020 (the "Vesting Commencement Date"). Each unit represents the right to acquire one share of Class A Common Stock. Settlement of vested units may be in either shares of Class A Common Stock or cash as determined by the Human Resources and Compensation Committee of the Board in its discretion. Settlement must occur no later than 60 days following the vesting of the units. These restricted stock units were granted pursuant to the Plan and vest on December 31, 2022 at the end of the three-year performance period. Each unit represents the right to acquire one share of Class A Common Stock, subject to the satisfaction of the applicable performance goal. Settlement of the vested units may be in either shares of Class A Common Stock or cash, as determined by the Committee in its discretion. Settlement must occur no later than 60 days after the date of the Committee's certification following the end of the performance period of the level of attainment of the applicable performance goal. /s/ Susan Allan 2020-03-23