X0306 4 2016-05-16 0 0000075208 OVERSEAS SHIPHOLDING GROUP INC OSG 0001614569 Oshodi Adewale 1301 AVENUE OF THE AMERICAS 42ND FLOOR NEW YORK NY 10019 0 1 0 0 VP and Controller Class B Common Stock, par value $.01 per share 2016-05-16 4 J 0 54.789 1.9053 A 635.689 D These 54.789 shares of Class B Common Stock were acquired as the result of the reinvestment on May 16, 2016 of the cash dividend of $0.17968 on the Class B Common Stock paid on May 13, 2016 with respect to the Reporting Person's 580.9 shares of Class B Common Stock pursuant to the Reinvestment Program. The Reporting Person did not know about this reinvestment until May 21, 2016. /s/Adewale Oshodi 2016-05-23