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1)
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Name of Reporting Person
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Niels M. Johnsen
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2)
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Check the Appropriate Box if a Member of a Group (See Instructions)
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4)
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Citizenship or Place of Organization
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United States of America
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9)
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Aggregate Amount Beneficially Owned by Each Reporting Person: 1,112,013
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10)
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Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) _________
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11)
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Percent of Class Represented by Amount in Row (9): 15.4%
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12)
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Type of Reporting Person (See Instructions)
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IN
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*
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Based on 7,228,252 total shares outstanding as reported in the Issuer’s Form 10-Q for the quarter ended March 31, 2011.
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Item 3.
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If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
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(a)
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[ ]
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Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o);
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(b)
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[ ]
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Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
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(c)
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[ ]
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Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
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(d)
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[ ]
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Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
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(e)
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[ ]
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An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
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(f)
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[ ]
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An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
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(g)
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[ ]
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A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
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(h)
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[ ]
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A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
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(i)
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[ ]
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A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
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(j)
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[ ]
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Group, in accordance with § 240.13d-1(b)(1)(ii)(J).
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Item 5.
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Ownership of Five Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following [ ] .
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Item 6.
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Ownership of More than Five Percent on Behalf of Another Person.
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Mr. Johnsen is one of the three trustees of the Niels W. Johnsen Family 2011 Trust (the “Family Trust”), the beneficiaries of which are members of his family. The Family Trust beneficially owns 867,107 shares of International Shipholding Corporation, including (i) 642,485 shares held directly and (ii) 224,622 shares held indirectly through the Family Trust’s controlling interest in a corporation, of which Mr. Johnsen is a shareholder, Vice President and Director. The corporation has the sole right to receive dividends from and the proceeds from the sale of the 224,622 shares, which is less than five percent of the class of subject securities.
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Item 7.
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Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company.
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Item 8.
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Identification and Classification of Members of the Group.
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Niels Mercer Johnsen
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