X0201 4 2003-09-04 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 2003-09-04 4 M 0 4355 12.5 A 5140 D Common Stock, par value $1.00 per share 2003-09-04 4 J 0 1783 25 D 3357 D Common Stock, par value $1.00 per share 2003-09-04 4 J 0 10 25.06 D 3347 D Common Stock, par value $1.00 per share 2003-09-04 4 J 0 55 25.07 D 3292 D Common Stock, par value $1.00 per share 2003-09-04 4 J 0 28 25.08 D 3264 D Common Stock, par value $1.00 per share 2003-09-04 4 J 0 10 25.09 D 3254 D Common Stock, par value $1.00 per share 2003-09-04 4 J 0 55 25.1 D 3199 D Common Stock, par value $1.00 per share 2003-09-04 4 J 0 37 25.11 D 3162 D Common Stock, par value $1.00 per share 2003-09-04 4 J 0 296 25.12 D 2866 D Common Stock, par value $1.00 per share 2003-09-04 4 J 0 231 25.13 D 2635 D Common Stock, par value $1.00 per share 2003-09-04 4 J 0 231 25.14 D 2404 D Common Stock, par value $1.00 per share 2003-09-04 4 J 0 259 25.15 D 2145 D Common Stock, par value $1.00 per share 2003-09-04 4 J 0 213 25.16 D 1932 D Common Stock, par value $1.00 per share 2003-09-04 4 J 0 37 25.18 D 1895 D Common Stock, par value $1.00 per share 2003-09-04 4 J 0 28 25.19 D 1867 D Common Stock, par value $1.00 per share 2003-09-04 4 J 0 10 25.2 D 1857 D Common Stock, par value $1.00 per share 2003-09-04 4 J 0 415 25.3 D 1442 D Common Stock, par value $1.00 per share 2003-09-04 4 J 0 657 25.51 D 785 D Common Stock, par value $1.00 per share 3724 I (2) Stock Option (right to buy) 12.5 2003-09-04 4 M 0 4355 0 A 2002-06-08 2009-06-08 Common Stock 4355 6000 D Sold pursuant to a trading plan adopted pursuant to Rule 10b5-1 under the Securities Exchange 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/Robert N. Cowen, Attorney-in-Fact pursuant to power of attorney previously filed 2003-09-08