-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Sz2PuDK9RV/oJbIJcs5DdMNuCInN19u620viX+JIybU/dN5k0TFiU23hoLGgy6F8 Pa9WBQhilBAGmrNJ1hfmgw== 0000950123-03-013936.txt : 20031218 0000950123-03-013936.hdr.sgml : 20031218 20031218162609 ACCESSION NUMBER: 0000950123-03-013936 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 4 FILED AS OF DATE: 20031218 GROUP MEMBERS: ARIEL RECANATI GROUP MEMBERS: DANIEL PEARSON AS TRUSTEE OF THE MICHAEL RECANATI TRUST GROUP MEMBERS: DIANE RECANATI GROUP MEMBERS: LEON RECANATI GROUP MEMBERS: MICHAEL RECANATI AS TRUSTEE OF THE MICHAEL RECANATI TRUST GROUP MEMBERS: THE MICHAEL RECANATI TRUST GROUP MEMBERS: YUDITH YOVEL RECANATI SUBJECT COMPANY: 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 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-30797 FILM NUMBER: 031062689 BUSINESS ADDRESS: STREET 1: 511 FIFTH AVENUE CITY: NEW YORK STATE: NY ZIP: 10017 BUSINESS PHONE: 2122511153 MAIL ADDRESS: STREET 1: 511 FIFTH AVENUE CITY: NEW YORK STATE: NY ZIP: 10017 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: RECANATI OUDI CENTRAL INDEX KEY: 0001112429 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 9A CHEMIN DE LA PERRIERE STREET 2: 1233, COLOGNY CITY: GENEVA STATE: V8 BUSINESS PHONE: 2122511153 MAIL ADDRESS: STREET 1: 9A CHEMIN DE LA PERRIERE STREET 2: 1233, COLOGNY CITY: GENEVA STATE: V8 SC 13D/A 1 y92582sc13dza.txt AMENDMENT NO. 9 TO SCHEDULE 13D ------------------------------ OMB APPROVAL ------------------------------ OMB Number: 3235-0145 Expires: October 31, 1997 Estimated Average Burden hours per response...... 14.90 ------------------------------ UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. 9) OVERSEAS SHIPHOLDING GROUP, INC. - -------------------------------------------------------------------------------- (Name of Issuer) COMMON STOCK, PAR VALUE $0.01 PER SHARE - -------------------------------------------------------------------------------- (Title of Class of Securities) 690368 10 5 - -------------------------------------------------------------------------------- (CUSIP Number) HOWARD S. KELBERG, ESQ., MILBANK, TWEED, HADLEY & MCCLOY LLP 1 CHASE MANHATTAN PLAZA, NEW YORK NEW YORK 10005 (212) 530-5000 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) DECEMBER 18, 2003 - -------------------------------------------------------------------------------- (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(b)(3) or (4), check the following box [ ] Check the following box if a fee is being paid with this statement [ ]. (A fee is not required only if the filing person: (1) has a previous statement on file reporting beneficial ownership of more than five percent of the class of securities described in Item 1; and (2) has filed no amendment subsequent thereto reporting beneficial ownership of five percent or less of such class.) (See Rule 13d-7.) Page 1 of 11 SCHEDULE 13D CUSIP NO. 690368 10 5 PAGE 2 OF 11 PAGES - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS Oudi Recanati S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) [ ] (B) [X] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* NA - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Israel - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES BENEFICIALLY 10,500** OWNED BY ---------------------------------------------------------- EACH 8 SHARED VOTING POWER REPORTING PERSON WITH 4,879,730 ---------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 10,500** ---------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 4,879,730 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORT PERSON 4,890,230 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13.7% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. - ------------------------------- ** Relates solely to options held by the reporting person. Page 2 of 11 SCHEDULE 13D CUSIP NO. 690368 10 5 PAGE 3 OF 11 PAGES - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS Diane Recanati S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) [ ] (B) [X] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* NA - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United Kingdom - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES BENEFICIALLY OWNED BY ---------------------------------------------------------- EACH 8 SHARED VOTING POWER REPORTING PERSON WITH 4,879,730 ---------------------------------------------------------- 9 SOLE DISPOSITIVE POWER ---------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 4,879,730 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORT PERSON 4,879,730 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13.7% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. Page 3 of 11 SCHEDULE 13D CUSIP NO. 690368 10 5 PAGE 4 OF 11 PAGES - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS Ariel Recanati S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) [ ] (B) [X] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* NA - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES -------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 4,879,730 -------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING -------------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER 4,302,261 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORT PERSON 4,879,730 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13.7% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. Page 4 of 11 SCHEDULE 13D CUSIP NO. 690368 10 5 PAGE 5 OF 11 PAGES - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS Leon Recanati S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) [ ] (B) [X] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* NA - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Israel - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES -------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 4,879,730 -------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING -------------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER 4,302,261 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORT PERSON 4,879,730 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13.7% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. Page 5 of 11 SCHEDULE 13D CUSIP NO. 690368 10 5 PAGE 6 OF 11 PAGES - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS Yudith Yovel Recanati S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) [ ] (B) [X] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* NA - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Israel - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES -------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 4,879,730 -------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING -------------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER 4,302,261 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORT PERSON 4,879,730 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13.7% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. Page 6 of 11 SCHEDULE 13D CUSIP NO. 690368 10 5 PAGE 7 OF 11 PAGES - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS The Michael Recanati Trust S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) [ ] (B) [X] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* NA - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Alaska - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES -------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 4,778,427 -------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING -------------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER 4,778,427 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORT PERSON 4,778,427 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13.4% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* OO - Trust - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. Page 7 of 11 SCHEDULE 13D CUSIP NO. 690368 10 5 PAGE 8 OF 11 PAGES - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS Michael Recanati, as trustee of The Michael Recanati Trust S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) [ ] (B) [X] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* NA - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES -------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 4,879,730 -------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING -------------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER 4,879,730 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORT PERSON 4,879,730 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13.7% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. Page 8 of 11 SCHEDULE 13D CUSIP NO. 690368 10 5 PAGE 9 OF 11 PAGES - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS Daniel Pearson, as trustee of The Michael Recanati Trust S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) [ ] (B) [X] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* NA - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES -------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 4,778,427 -------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING -------------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER 4,778,427 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORT PERSON 4,778,427 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13.4% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. Page 9 of 11 Items 5 and 6 of the Statement on Schedule 13D, as amended from time to time, initially filed by Raphael Recanati, are amended by adding the following paragraphs: A First Amendment to the Amended and Restated Stockholders Agreement, by and among the Stockholders, was entered into on December 18, 2003, with respect to the voting rights of the Subject Shares. In addition, pursuant to a Stockholders Agreement by and among Diane and Oudi Recanati and The Michael Recanati Trust, dated as of September 10, 2003, Diane and Oudi Recanati and The Michael Recanati Trust may be deemed to share the power to dispose of 577,469 shares held by Diane Recanati. Diane, Oudi, Leon, Yudith Yovel, Ariel and Michael Recanati, by virtue of their positions as directors and officers of the Recanati Foundation, may be deemed to share the power to vote and dispose of 101,303 shares of Common Stock through the Recanati Foundation. Oudi Recanati holds options for 10,500 shares of Common Stock under the Issuer's Non-Employee Directors Stock Option Plan. Please see Exhibit E for a schedule of transactions effected during the past 60 days. Item 7 of the Statement on Schedule 13D, as amended from time to time, initially filed by Raphael Recanati, is amended by adding the following exhibits: Exhibit C: First Amendment to the Amended and Restated Stockholders Agreement, dated as of December 18, 2003. Exhibit D: Stockholders Agreement, dated as of September 10, 2003. Exhibit E: Schedule of Recent Transactions. After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Page 10 of 11 December 18, 2003 /s/ Diane Recanati - ----------------- ------------------ Date Signature Diane Recanati December 18, 2003 /s/ Oudi Recanati - ----------------- ----------------- Date Signature Oudi Recanati December 18, 2003 /s/ Leon Recanati - ----------------- ----------------- Date Signature Leon Recanati December 18, 2003 /s/ Yudith Yovel Recanati - ----------------- -------------------------- Date Signature Yudith Yovel Recanati December 18, 2003 /s/ Ariel Recanati - ----------------- ------------------ Date Signature Ariel Recanati The Michael Recanati Trust December 18, 2003 s/ Daniel Pearson - ----------------- ----------------- Date Signature Daniel Pearson, Investment Trustee /s/ Michael Recanati -------------------- Signature Michael Recanati, Investment Trustee December 18, 2003 /s/ Michael Recanati - ----------------- -------------------- Date Signature Michael Recanati, as Investment Trustee of The Michael Recanati Trust December 18, 2003 /s/ Daniel Pearson - ----------------- ------------------ Date Signature Daniel Pearson, as Investment Trustee of The Michael Recanati Trust Page 11 of 11 EX-99.C 3 y92582exv99wc.txt FIRST AMENDMENT TO THE STOCKHOLDERS AGREEMENT EXHIBIT C EXECUTION VERSION FIRST AMENDMENT TO THE AMENDED AND RESTATED STOCKHOLDERS AGREEMENT, dated as of December 18, 2003 (this "Amendment"), by and among Diane Recanati, Yehuda Leon Oudi Recanati, Leon Recanati, Yudith Yovel Recanati, Ariel Recanati, Leon (Lenny) Recanati, David Recanati, the SEAVIEW Trust and The Michael Recanati Trust (collectively, the "Stockholders"). Capitalized terms not otherwise defined herein shall have the respective meanings given to such terms in the Amended and Restated Stockholders Agreement, dated as of April 16, 2003 (the "Stockholders Agreement"), by and among the Stockholders. WHEREAS, the Stockholders are parties to the Stockholders Agreement; and WHEREAS, the Stockholders wish to amend that certain Stockholders Agreement pursuant to the terms of this Amendment. NOW, THEREFORE, in consideration of the foregoing premises and of the mutual covenants and obligations hereinafter set forth, the parties hereto, intending to be legally bound, hereby amend the Stockholders Agreement and agree as follows: 1. The last sentence of Paragraph 2(b) is amended in its entirety to read as follows: For the purpose of determining a Majority Vote of the FMC, each Member shall vote the number of Shares such Member owns; provided, however, that (i) with respect to Ariel, the Shares held by Lenny, David and SEAVIEW, or the permitted transferees of Lenny, David and SEAVIEW, shall be deemed to be Shares owned by Ariel for such voting purpose, (ii) with respect to Michael, the Shares held by the MR Trust, or the permitted transferees of the MR Trust, shall be deemed to be Shares owned by Michael for such voting purpose and (iii) with respect to all Members, the Shares transferred (whether a transfer of all or some of the Shares of a Member) to a permitted transferee of a Member during such Member's lifetime shall be deemed to be Shares owned by such Member for such voting purpose, except that the Shares transferred by a Member to a permitted transferee who is also a Member will instead be deemed to be Shares owned by the Member to whom the Shares were transferred to for such voting purpose. 2. Except as expressly provided herein, the provisions of the Stockholders Agreement shall remain unchanged and in full force and effect. 3. This Amendment may be executed in two or more counterparts and each counterpart shall be deemed to be an original and which counterparts together shall constitute one and the same agreement of the parties hereto. 4. This Amendment shall be governed by and construed in accordance with 2 the laws of the State of New York. 5. Delivery of an executed counterpart of a signature page of this Amendment by facsimile transmission shall be effective as delivery of a manually executed counterpart of this Amendment. 3 IN WITNESS WHEREOF, this Amendment has been executed by each of the Stockholders on the date first above written. /s/ Diane Recanati --------------------------- DIANE RECANATI /s/ Oudi Recanati --------------------------- YEHUDA LEON OUDI RECANATI /s/ Leon Recanati --------------------------- LEON RECANATI /s/ Yudith Recanati --------------------------- YUDITH YOVEL RECANATI /s/ Ariel Recanati --------------------------- ARIEL RECANATI /s/ Lenny Recanati --------------------------- LEON (LENNY) RECANATI /s/ David Recanati --------------------------- DAVID RECANATI THE MICHAEL RECANATI TRUST /s/ Michael Recanati --------------------------- By: Michael Recanati, as Investment Trustee /s/ Daniel Pearson --------------------------- By: Daniel Pearson, as Investment Trustee SEAVIEW TRUST /s/ Ariel Recanati --------------------------- By: Ariel Recanati, as Trustee EX-99.D 4 y92582exv99wd.txt STOCKHOLDERS AGREEMENT DATED SEPT. 10, 2003 EXHIBIT D EXECUTION VERSION STOCKHOLDERS AGREEMENT, dated as of September 10, 2003 (this "Agreement"), by and among Diane Recanati ("Diane"), Yehuda Leon Oudi Recanati ("Oudi") and The Michael Recanati Trust ("MR Trust") (collectively, the "OSG Stockholders"). Capitalized terms not otherwise defined herein shall have the respective meanings given to such terms in the Amended and Restated Stockholders Agreement, dated as of April 16, 2003 (as amended, the "Stockholders Agreement"), by and among Diane, Oudi, the MR Trust, Leon Recanati, Yudith Yovel Recanati, Ariel Recanati, Leon (Lenny) Recanati, David Recanati and the SEAVIEW Trust (collectively, the "Original Stockholders"). WHEREAS, the Original Stockholders are parties to the Stockholders Agreement; WHEREAS, the Original Stockholders are holders of Shares of Overseas Shipholding Group, Inc., a Delaware corporation; and WHEREAS, the OSG Stockholders wish to make certain provisions for the transfer of the Shares held by the OSG Stockholders in addition to such restrictions set forth in the Stockholders Agreement. NOW, THEREFORE, in consideration of the foregoing premises and of the mutual covenants and obligations hereinafter set forth, the parties hereto, intending to be legally bound, hereby agree as follows: 1. Limitation on Transfer (a) Notwithstanding the provisions of the Stockholders Agreement, each of the OSG Stockholders hereby agrees not to sell, transfer, assign or otherwise convey any of their Shares during their lifetime, without the prior written consent of the other OSG Stockholders. (b) For the avoidance of doubt, the restriction in Paragraph 1(a) above shall not apply to transfers at the death of any OSG Stockholder. 2. Miscellaneous (a) This Agreement and the rights and obligations of the parties hereunder shall be governed by, and construed and interpreted in accordance, with the laws of the State of New York without giving effect to the choice of law principles thereof. (b) The provisions of paragraphs 5(d), 5(e) and 5(f) of the Stockholders Agreement are hereby incorporated into this Agreement with the same effect as if set forth herein in full and are applicable to this Agreement as well as to the Stockholders Agreement. (c) This Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original and all of which together shall constitute one and the same instrument. (d) The headings and captions contained herein are for convenience of reference only and shall not control or affect the meaning or construction of any provision hereof. (e) Delivery of an executed counterpart of a signature page of the Agreement by facsimile transmission shall be effective as delivery of a manually executed counterpart of this Agreement. 2 IN WITNESS WHEREOF, this Agreement has been executed by each of the OSG Stockholders on the date first above written. /s/ Diane Recanati ------------------ DIANE RECANATI /s/ Oudi Recanati ----------------- YEHUDA LEON OUDI RECANATI THE MICHAEL RECANATI TRUST /s/ Michael Recanati -------------------- By: Michael Recanati, as Investment Trustee /s/ Daniel Pearson ------------------ By: Daniel Pearson, as Investment Trustee 3 EX-99.E 5 y92582exv99we.txt SCHEDULE OF RECENT TRANSACTIONS EXHIBIT E SCHEDULE OF RECENT TRANSACTIONS 1. Oudi, Leon and Yudith Recanati sold the following shares, of which they shared voting and dispositive power, in accordance with a trading plan adopted pursuant to Rule 10b5-1 under the Securities Exchange act of 1934, as amended.
DATE AMOUNT PRICE DATE AMOUNT PRICE ---- ------ ----- ---- ------ ----- 10/17/2003 1,500 $25.70 11/03/2003 200 $27.03 10/17/2003 100 $25.61 11/03/2003 200 $27.02 10/17/2003 100 $25.60 11/03/2003 900 $27.01 10/17/2003 300 $25.54 11/03/2003 3,500 $27.00 10/17/2003 100 $25.45 11/03/2003 4,400 $26.99 10/17/2003 4000 $25.44 11/03/2003 700 $26.98 10/17/2003 1,300 $25.40 11/03/2003 1,100 $26.97 10/17/2003 1,500 $25.39 11/03/2003 1,500 $26.96 10/17/2003 600 $25.38 11/03/2003 2,000 $26.95 10/17/2003 2,900 $25.37 11/03/2003 1,600 $26.94 10/17/2003 12,300 $25.36 11/03/2003 800 $26.93 10/17/2003 14,500 $25.35 11/03/2003 500 $26.92 10/17/2003 1,900 $25.34 11/03/2003 800 $26.91 10/17/2003 1,300 $25.33 11/03/2003 100 $26.88 10/17/2003 7,100 $25.32 11/03/2003 200 $26.86 10/17/2003 2,900 $25.31 11/03/2003 4,900 $26.85 10/17/2003 4,700 $25.30 11/03/2003 500 $26.84 10/17/2003 2,100 $25.29 11/03/2003 2,700 $26.83 10/17/2003 2,900 $25.28 11/03/2003 700 $26.81 10/17/2003 1,300 $25.27 11/03/2003 600 $26.80 10/17/2003 3,300 $25.26 11/03/2003 600 $26.78 10/17/2003 7,600 $25.25 11/03/2003 600 $26.77 10/17/2003 100 $25.24 11/03/2003 2,100 $26.76 10/17/2003 300 $25.23 11/03/2003 15,400 $26.75 10/17/2003 4,200 $25.22 11/03/2003 800 $26.74 10/17/2003 500 $25.20 11/03/2003 600 $26.73 10/17/2003 1,700 $25.19 11/03/2003 4,100 $26.72 10/17/2003 100 $25.18 11/03/2003 700 $26.71 10/17/2003 200 $25.15 11/03/2003 4,600 $26.70 10/20/2003 200 $25.36 11/03/2003 1,800 $26.69 10/20/2003 800 $25.34 11/03/2003 1,400 $26.68 10/20/2003 300 $25.33 11/04/2003 100 $26.94 10/20/2003 400 $25.32 11/04/2003 600 $26.93 10/20/2003 100 $25.31 11/04/2003 700 $26.92 10/20/2003 300 $25.26 11/04/2003 800 $26.91 10/20/2003 200 $25.25 11/04/2003 15,100 $26.90 10/20/2003 300 $25.24 11/04/2003 1,400 $26.89
DATE AMOUNT PRICE DATE AMOUNT PRICE ---- ------ ----- ---- ------ ----- 10/20/2003 200 $25.23 11/04/2003 500 $26.87 10/20/2003 100 $25.22 11/04/2003 3,500 $26.85 10/20/2003 100 $25.21 11/04/2003 4,900 $26.84 10/20/2003 200 $25.16 11/04/2003 1,300 $26.83 10/20/2003 600 $25.14 11/04/2003 500 $26.82 10/20/2003 300 $25.12 11/04/2003 500 $26.79 10/20/2003 400 $25.11 11/04/2003 100 $26.76 10/20/2003 100 $25.09 11/04/2003 5,000 $26.75 10/20/2003 300 $25.05 11/04/2003 100 $26.71 10/20/2003 100 $25.02 11/04/2003 18,300 $26.70 10/20/2003 100 $25.01 11/04/2003 200 $26.64 10/20/2003 1,600 $25.00 11/04/2003 400 $26.53 10/20/2003 3,600 $24.99 11/05/2003 2,000 $27.40 10/20/2003 5,300 $24.98 11/05/2003 200 $27.36 10/20/2003 5,300 $24.97 11/05/2003 200 $27.35 10/20/2003 9,800 $24.96 11/05/2003 500 $27.33 10/20/2003 8,900 $24.95 11/05/2003 100 $27.32 10/20/2003 4,700 $24.94 11/05/2003 4,500 $27.30 10/20/2003 800 $24.93 11/05/2003 200 $27.29 10/20/2003 100 $24.92 11/05/2003 700 $27.28 10/20/2003 200 $24.91 11/05/2003 100 $27.27 10/20/2003 2,000 $24.90 11/05/2003 1,100 $27.25 10/21/2003 7,200 $25.00 11/05/2003 200 $27.24 10/21/2003 100 $25.06 11/05/2003 502 $27.23 10/21/2003 500 $25.08 11/05/2003 100 $27.22 10/21/2003 100 $25.09 11/05/2003 100 $27.21 10/21/2003 8,600 $25.10 11/05/2003 5,200 $27.20 10/21/2003 601 $25.11 11/05/2003 400 $27.19 10/21/2003 800 $25.12 11/05/2003 800 $27.18 10/21/2003 1,400 $25.13 11/05/2003 200 $27.12 10/21/2003 1,700 $25.14 11/05/2003 3,300 $27.11 10/21/2003 1,100 $25.15 11/05/2003 100 $27.10 11/03/2003 200 $27.30 11/05/2003 300 $27.09 11/03/2003 500 $27.29 11/05/2003 1,400 $27.08 11/03/2003 1,600 $27.28 11/05/2003 100 $27.07 11/03/2003 2,200 $27.27 11/05/2003 1,300 $27.05 11/03/2003 600 $27.25 11/05/2003 900 $27.03 11/03/2003 1,300 $27.10 11/05/2003 400 $27.02 11/03/2003 100 $27.09 11/05/2003 200 $27.01 11/03/2003 400 $27.08 11/05/2003 1,800 $27.00 11/03/2003 700 $27.07 11/03/2003 1,700 $27.05 TOTAL 301,803 11/03/2003 100 $27.04
2 2. Ariel Recanati acquired the following shares pursuant to the exercise of derivative securities exempted pursuant to Rule 16b-3 under the Securities Exchange act of 1934, as amended.
DATE AMOUNT EXERCISE PRICE 11/3/2003 21,982 $14.625 11/4/2003 18,018 $14.625 12/1/2003 18,600 $14.625 TOTAL 58,600
3 3. Ariel Recanati sold the following shares in accordance with a trading plan adopted pursuant to Rule 10b5-1 under the Securities Exchange act of 1934, as amended.
DATE AMOUNT PRICE DATE AMOUNT PRICE ---- ------ ----- ---- ------ ----- 11/3/2003 13,622 $ 26.73 12/1/2003 28 $ 27.80 11/3/2003 144 $ 26.75 12/1/2003 111 $ 27.85 11/3/2003 36 $ 26.76 12/1/2003 554 $ 27.90 11/3/2003 108 $ 26.77 12/1/2003 83 $ 27.91 11/3/2003 252 $ 26.81 12/1/2003 249 $ 27.92 11/3/2003 288 $ 26.83 12/1/2003 83 $ 27.93 11/3/2003 36 $ 26.85 12/1/2003 693 $ 27.94 11/3/2003 5,477 $ 27.00 12/1/2003 222 $ 27.95 11/3/2003 252 $ 27.05 12/1/2003 638 $ 27.96 11/3/2003 36 $ 27.07 12/1/2003 444 $ 27.97 11/3/2003 180 $ 27.25 12/1/2003 111 $ 27.98 11/3/2003 793 $ 27.27 12/1/2003 942 $ 27.99 11/3/2003 577 $ 27.28 12/1/2003 1,331 $ 28.00 11/3/2003 144 $ 27.29 12/1/2003 638 $ 28.01 11/3/2003 37 $ 27.30 12/1/2003 1,940 $ 28.02 11/4/2003 4,721 $ 26.75 12/1/2003 3,132 $ 28.03 11/4/2003 4,144 $ 26.76 12/1/2003 111 $ 28.04 11/4/2003 144 $ 26.77 12/1/2003 277 $ 28.05 11/4/2003 252 $ 26.78 12/1/2003 887 $ 28.06 11/4/2003 252 $ 26.79 12/1/2003 416 $ 28.07 11/4/2003 829 $ 26.80 12/1/2003 111 $ 28.08 11/4/2003 144 $ 26.81 12/1/2003 55 $ 28.09 11/4/2003 468 $ 26.82 12/1/2003 2,107 $ 28.10 11/4/2003 793 $ 26.83 12/1/2003 83 $ 28.11 11/4/2003 1,477 $ 26.84 12/1/2003 194 $ 28.12 11/4/2003 3,207 $ 26.85 12/1/2003 222 $ 28.13 11/4/2003 72 $ 26.86 12/1/2003 360 $ 28.14 11/4/2003 1,515 $ 26.90 12/1/2003 554 $ 28.15 12/1/2003 1,386 $ 27.50 12/1/2003 139 $ 27.60 TOTAL 58,600 12/1/2003 28 $ 27.69 12/1/2003 249 $ 27.70 12/1/2003 139 $ 27.73 12/1/2003 28 $ 27.75 12/1/2003 55 $ 27.78
4 -----END PRIVACY-ENHANCED MESSAGE-----