X0303 4 2011-03-04 1 0000075208 OVERSEAS SHIPHOLDING GROUP INC OSG 0001337822 BERGLUND MATS 666 THIRD AVENUE 5TH FLOOR NEW YORK NY 10017 0 0 0 1 Former SVP&HeadCrudeTransp.SBU Common Stock, par value $1.00 per share 2011-03-02 4 J 0 7487 0 D 13473 D Common Stock, par value $1.00 per share 2011-03-04 4 S 0 300 32.4366 D 13173 D Common Stock, par value $1.00 per share 2011-03-04 4 S 0 6226 32.44 D 6947 D Common Stock, par value $1.00 per share 2011-03-04 4 S 0 100 32.40 D 6847 D Common Stock, par value $1.00 per share 2011-03-04 4 S 0 5388 32.4007 D 1459 D Common Stock, par value $1.00 per share 2011-03-04 4 S 0 1459 32.41 D 0 D Common Stock, par value $1.00 per share 1054 I (4) The Reporting Person resigned on March 2, 2011 as Senior Vice President and Head of Crude Oil Transportation Strategic Business Unit of Overseas Shipholding Group, Inc. ("OSG") and ceased to be an officer of OSG. Upon the Reporting Person's resignation as an officer of OSG as reported in note 1, the Reporting Person forfeited ownership of these 7,487 shares of unvested restricted Common Stock. These 13,473 shares of Common Stock include 48 shares the Reporting Person received on March 5, 2009 through dividend reinvestment which were not previously reported. The Reporting Person indirectly owns these 1,054 shares of common stock through the OSG Ship Management, Inc. Savings Plan as of December 31, 2010. /s/James I. Edelson, Attorney-in-Fact, pursuant to power of attorney previously filed 2011-03-08