0000899243-17-008210.txt : 20170320 0000899243-17-008210.hdr.sgml : 20170320 20170320164421 ACCESSION NUMBER: 0000899243-17-008210 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20170316 FILED AS OF DATE: 20170320 DATE AS OF CHANGE: 20170320 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: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: TWO HARBOUR PLACE STREET 2: 302 KNIGHTS RUN AVENUE, SUITE 1200 CITY: TAMPA STATE: FL ZIP: 33763 BUSINESS PHONE: 8132090600 MAIL ADDRESS: STREET 1: TWO HARBOUR PLACE STREET 2: 302 KNIGHTS RUN AVENUE, SUITE 1200 CITY: TAMPA STATE: FL ZIP: 33763 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: BlueMountain Capital Management, LLC CENTRAL INDEX KEY: 0001427430 STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-06479 FILM NUMBER: 17701904 BUSINESS ADDRESS: STREET 1: 280 PARK AVENUE, 12TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10017 BUSINESS PHONE: (212) 905-3900 MAIL ADDRESS: STREET 1: 280 PARK AVENUE, 12TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10017 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: BLUEMOUNTAIN NAUTICAL LLC CENTRAL INDEX KEY: 0001614634 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-06479 FILM NUMBER: 17701905 BUSINESS ADDRESS: STREET 1: 280 PARK AVENUE, 12TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10017 BUSINESS PHONE: 2129053900 MAIL ADDRESS: STREET 1: 280 PARK AVENUE, 12TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10017 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: BlueMountain Guadalupe Peak Fund L.P. CENTRAL INDEX KEY: 0001598919 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-06479 FILM NUMBER: 17701906 BUSINESS ADDRESS: STREET 1: 280 PARK AVENUE STREET 2: 12TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10017 BUSINESS PHONE: 2129053900 MAIL ADDRESS: STREET 1: 280 PARK AVENUE STREET 2: 12TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10017 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: BlueMountain Long/Short Credit GP, LLC CENTRAL INDEX KEY: 0001541088 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-06479 FILM NUMBER: 17701907 BUSINESS ADDRESS: STREET 1: 280 PARK AVENUE, 12TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10017 BUSINESS PHONE: 212-905-3900 MAIL ADDRESS: STREET 1: 280 PARK AVENUE, 12TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10017 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: BlueMountain GP Holdings, LLC CENTRAL INDEX KEY: 0001540859 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-06479 FILM NUMBER: 17701908 BUSINESS ADDRESS: STREET 1: 280 PARK AVENUE, STREET 2: 12TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10017 BUSINESS PHONE: 212-905-3900 MAIL ADDRESS: STREET 1: 280 PARK AVENUE, STREET 2: 12TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10017 4 1 doc4.xml FORM 4 SUBMISSION X0306 4 2017-03-16 0 0000075208 OVERSEAS SHIPHOLDING GROUP INC OV6:GR 0001427430 BlueMountain Capital Management, LLC 280 PARK AVENUE, 12TH FLOOR NEW YORK NY 10017 0 0 1 0 0001540859 BlueMountain GP Holdings, LLC 280 PARK AVENUE, 12TH FLOOR NEW YORK NY 10017 0 0 1 0 0001541088 BlueMountain Long/Short Credit GP, LLC 280 PARK AVENUE, 12TH FLOOR NEW YORK NY 10017 0 0 1 0 0001598919 BlueMountain Guadalupe Peak Fund L.P. 280 PARK AVENUE, 12TH FLOOR NEW YORK NY 10017 0 0 1 0 0001614634 BLUEMOUNTAIN NAUTICAL LLC 280 PARK AVENUE, 12TH FLOOR NEW YORK NY 10017 0 0 1 0 Class A Common Stock 2017-03-16 4 S 0 45000 4.30 D 9944186 I Footnotes Class A Common Stock 2017-03-16 4 S 0 45000 4.30 D 9944186 I Footnotes Class A Common Stock 2017-03-16 4 S 0 45000 4.30 D 9944186 I Footnotes Class A Common Stock 2017-03-16 4 S 0 45000 4.30 D 9944186 I Footnotes Class A Common Stock 2017-03-16 4 S 0 45000 4.30 D 9944186 D Class A Common Stock 2017-03-16 4 S 0 300 4.31 D 9943886 I Footnotes Class A Common Stock 2017-03-16 4 S 0 300 4.31 D 9943886 I Footnotes Class A Common Stock 2017-03-16 4 S 0 300 4.31 D 9943886 I Footnotes Class A Common Stock 2017-03-16 4 S 0 300 4.31 D 9943886 I Footnotes Class A Common Stock 2017-03-16 4 S 0 300 4.31 D 9943886 D Class A Common Stock 2017-03-16 4 S 0 70760 4.35 D 9873126 I Footnotes Class A Common Stock 2017-03-16 4 S 0 70760 4.35 D 9873126 I Footnotes Class A Common Stock 2017-03-16 4 S 0 70760 4.35 D 9873126 I Footnotes Class A Common Stock 2017-03-16 4 S 0 70760 4.35 D 9873126 I Footnotes Class A Common Stock 2017-03-16 4 S 0 70760 4.35 D 9873126 D Class A Common Stock 2017-03-17 4 S 0 50000 4.35 D 9823126 I Footnotes Class A Common Stock 2017-03-17 4 S 0 50000 4.35 D 9823126 I Footnotes Class A Common Stock 2017-03-17 4 S 0 50000 4.35 D 9823126 I Footnotes Class A Common Stock 2017-03-17 4 S 0 50000 4.35 D 9823126 I Footnotes Class A Common Stock 2017-03-17 4 S 0 50000 4.35 D 9823126 D Class A Common Stock 2017-03-17 4 S 0 21584 4.36 D 9801542 I Footnotes Class A Common Stock 2017-03-17 4 S 0 21584 4.36 D 9801542 I Footnotes Class A Common Stock 2017-03-17 4 S 0 21584 4.36 D 9801542 I Footnotes Class A Common Stock 2017-03-17 4 S 0 21584 4.36 D 9801542 I Footnotes Class A Common Stock 2017-03-17 4 S 0 21584 4.36 D 9801542 D Class A Common Stock 2017-03-17 4 S 0 108909 4.38 D 9692633 I Footnotes Class A Common Stock 2017-03-17 4 S 0 108909 4.38 D 9692633 I Footnotes Class A Common Stock 2017-03-17 4 S 0 108909 4.38 D 9692633 I Footnotes Class A Common Stock 2017-03-17 4 S 0 108909 4.38 D 9692633 I Footnotes Class A Common Stock 2017-03-17 4 S 0 108909 4.38 D 9692633 D The filing of this Form 4 shall not be construed as an admission that BlueMountain Capital Management, LLC ("BMCM"), GP Holdings or the General Partner (each as defined in Footnote 3 below) is or was for the purposes of Section 16(a) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise the beneficial owner of any of the shares of Class A Common Stock, par value $0.01 per share (the "Common Stock"), of Overseas Shipholding Group, Inc. (the "Issuer"). Pursuant to Rule 16a-1(a)(4) of the Exchange Act, BMCM, GP Holdings and the General Partner disclaim such beneficial ownership, except to the extent of their respective pecuniary interest. BMCM is the non-member manager of BlueMountain Nautical LLC ("Nautical"), which is the direct beneficial owner of 9,692,633 shares of Common Stock, and is the investment manager of BlueMountain Guadalupe Peak Fund L.P. ("Guadalupe"), which holds 100% of the membership interests of Nautical, and thus is an indirect beneficial owner of the Common Stock held by Nautical. BMCM, although it directs the voting and disposition of the Common Stock held by Nautical, only receives an asset-based fee relating to the shares of Common Stock held by Nautical. BlueMountain Long/Short Credit GP, LLC (the "General Partner") is the general partner of Guadalupe and has an indirect profits interest in the Common Stock beneficially owned by Guadalupe. BlueMountain GP Holdings, LLC ("GP Holdings") is the sole owner of the General Partner, and thus has an indirect profits interest in the Common Stock beneficially owned by Guadalupe. On March 16, 2017, Nautical sold 45,000, 300 and 70,760 shares of Common Stock for $4.30, $4.31 and $4.35 per share. On March 17, 2017, Nautical sold 50,000, 21,584 and 108,909 shares of Common Stock for $4.35, $4.36 and $4.38 per share. The Reporting Persons are jointly filing this Form 4 pursuant to Rule 16(a)-3(j) under the Exchange Act. BlueMountain Capital Management, LLC, By: /s/ Eric M. Albert, Chief Compliance Officer 2017-03-20 BlueMountain GP Holdings, LLC, By: /s/ Eric M. Albert, Chief Compliance Officer 2017-03-20 BlueMountain Long/Short Credit GP, LLC, By: BlueMountain GP Holdings, LLC, By: /s/ Eric M. Albert, Chief Compliance Officer 2017-03-20 BlueMountain Guadalupe Peak Fund L.P., By: BlueMountain Long/Short Credit GP, LLC, By: BlueMountain GP Holdings, LLC, By: /s/ Eric M. Albert, Chief Compliance Officer 2017-03-20 BlueMountain Nautical LLC, By: BlueMountain Capital Management, LLC, By: /s/ Eric M. Albert, Chief Compliance Officer 2017-03-20