-----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, CvrLQfZ4eM71itoQQHQGtgmtb4WbqQMkxvB8OYkIGZ7NZ/x/WuHC/4lbUfVs17We O8RWCcR9iipQGnWZzdmi7Q== 0000950123-09-008233.txt : 20090507 0000950123-09-008233.hdr.sgml : 20090507 20090507093003 ACCESSION NUMBER: 0000950123-09-008233 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20090507 DATE AS OF CHANGE: 20090507 GROUP MEMBERS: PHILIP J. SHAPIRO GROUP MEMBERS: PROJECTION LLC SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: INTERNATIONAL SHIPHOLDING CORP CENTRAL INDEX KEY: 0000278041 STANDARD INDUSTRIAL CLASSIFICATION: DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT [4412] IRS NUMBER: 362989662 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-32133 FILM NUMBER: 09803752 BUSINESS ADDRESS: STREET 1: 11 NORTH WATER STREET STREET 2: SUITE # 18290 CITY: MOBILE STATE: AL ZIP: 36602 BUSINESS PHONE: 2512439100 MAIL ADDRESS: STREET 1: P.O. BOX 2004 CITY: MOBILE STATE: AL ZIP: 36652 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Liberty Shipping Group LLC CENTRAL INDEX KEY: 0001442841 IRS NUMBER: 930978116 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 1979 MARCUS AVENUE, SUITE 200 CITY: LAKE SUCCESS STATE: NY ZIP: 11042 BUSINESS PHONE: 516-488-8800 MAIL ADDRESS: STREET 1: 1979 MARCUS AVENUE, SUITE 200 CITY: LAKE SUCCESS STATE: NY ZIP: 11042 SC 13D/A 1 y77030sc13dza.htm SC 13D/A SC 13D/A
 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 11)*
INTERNATIONAL SHIPHOLDING CORPORATION
 
(Name of Issuer)
Common Stock, $1.00 par value
 
(Title of Class of Securities)
460321201
 
(CUSIP Number)
Philip J. Shapiro
Liberty Shipping Group LLC
1979 Marcus Avenue, Suite 200
Lake Success, New York 11042
(516) 488-8800
Copies to:
Dennis J. Friedman, Esq.
Eduardo Gallardo, Esq.
Gibson, Dunn & Crutcher LLP
200 Park Avenue
New York, New York 10166
(212) 351-4000
 
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
May 6, 2009
 
(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 that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.
Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.
*   The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
 
 

 

                     
CUSIP No.
  
460321201 
  

 

           
1   NAMES OF REPORTING PERSONS.

Projection LLC
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
  (a)   o 
  (b)   o 
     
3   SEC USE ONLY
   
   
     
4   SOURCE OF FUNDS (SEE INSTRUCTIONS)
   
  WC; AF
     
5   CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
   
  o
     
6   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Delaware
       
  7   SOLE VOTING POWER
     
NUMBER OF   0
       
SHARES 8   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   395,772
       
EACH 9   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   0
       
WITH 10   SHARED DISPOSITIVE POWER
     
    395,772
     
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  395,772
     
12   CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
   
  5.5%
     
14   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  OO

 

                     
CUSIP No.
  
460321201 
  

 

           
1   NAMES OF REPORTING PERSONS.

Liberty Shipping Group LLC
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
  (a)   o 
  (b)   o 
     
3   SEC USE ONLY
   
   
     
4   SOURCE OF FUNDS (SEE INSTRUCTIONS)
   
  AF
     
5   CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
   
  o
     
6   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Delaware
       
  7   SOLE VOTING POWER
     
NUMBER OF   0
       
SHARES 8   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   395,772
       
EACH 9   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   0
       
WITH 10   SHARED DISPOSITIVE POWER
     
    395,772
     
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  395,772
     
12   CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
   
  5.5%
     
14   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  OO

 

                     
CUSIP No.
  
460321201 
  

 

           
1   NAMES OF REPORTING PERSONS.

Philip J. Shapiro
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
  (a)   o 
  (b)   o 
     
3   SEC USE ONLY
   
   
     
4   SOURCE OF FUNDS (SEE INSTRUCTIONS)
   
  AF
     
5   CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
   
  o
     
6   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  United States of America
       
  7   SOLE VOTING POWER
     
NUMBER OF   0
       
SHARES 8   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   395,772
       
EACH 9   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   0
       
WITH 10   SHARED DISPOSITIVE POWER
     
    395,772
     
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  395,772
     
12   CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
   
  5.5%
     
14   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  IN

 

This Amendment No. 11 to Schedule 13D (this “Amendment No. 11”) relates to shares of common stock, $1.00 par value per share (the “Common Stock”), of International Shipholding Corporation, a Delaware corporation (the “Company”).
This Amendment No. 11 amends and supplements the statement on Schedule 13D filed on August 18, 2008 (the “Original Filing”), as amended by the amendments filed on September 2, 2008 (the “September 2 Filing”), September 15, 2008 (the “September 15 Filing”), October 1, 2008 (the “October 1 Filing”), October 10, 2008 (the “October 10 Filing”), October 27, 2008 (the “October 27 Filing”), November 10, 2008 (the “November 10 Filing”), November 18, 2008 (the “November 18 Filing”), January 15, 2009 (the “January 15 Filing”), March 30, 2009 (the “March 30 Filing”) and April 30, 2009 (the “April 30 Filing” and, together with the September 2 Filing, the September 15 Filing, the October 1 Filing, the October 10 Filing, the October 27 Filing, the November 10 Filing, the November 18 Filing, the January 15 Filing, and the March 30 Filing, the “Amendments”). Information reported in the Original Filing, as amended by the Amendments, remains in effect except to the extent that it is amended, restated or superseded by information contained in this Amendment No. 11. Capitalized terms used and not defined in this Amendment No. 11 have the meanings set forth in the Original Filing or the Amendments, as applicable.
Item 5. Interest in Securities of the Issuer
Subsections (a) through (c) of Item 5 are amended and restated in their entirety as follows:
(a)-(b) As of the time of this filing, Projection is the beneficial owner of an aggregate of 395,772 shares of Common Stock, which constitute approximately 5.5% of the 7,228,570 shares of Common Stock outstanding (as reported by the Company in its Annual Report on Form 10-K filed on March 13, 2009). Liberty, as the direct parent company of Projection, and Mr. Shapiro, as the manager of Liberty, may be deemed to share voting and dispositive power over the Common Stock beneficially owned by Projection. Liberty and Mr. Shapiro disclaim beneficial ownership of such Shares for purposes of Section 13(d) of the Act.
(c) All transactions in the Common Stock effected by the Reporting Persons since the filing of Amendment No. 10 are set forth in Exhibit F attached hereto.
Item 7. Material to be Filed as Exhibits
Exhibit F of the September 15 Filing, as supplemented by the October 1 Filing, the October 10 Filing, the October 27 Filing, the March 30 Filing and the April 30 Filing is hereby supplemented as set forth in Exhibit F attached to this Amendment No. 11.

 

 

SIGNATURES
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.
         
Date: May 7, 2009  PROJECTION LLC
 		  
  By:   /s/ Philip J. Shapiro  
  Name:  Philip J. Shapiro  
  Title:  President and Chief Executive Officer  
 
May 7, 2009  LIBERTY SHIPPING GROUP LLC
 		  
  By:   /s/ Philip J. Shapiro    
  Name:  Philip J. Shapiro  
  Title:  President and Chief Executive Officer  
 
     
May 7, 2009  /s/ Philip J. Shapiro    
  PHILIP J. SHAPIRO   
     

 

 

         
EXHIBIT INDEX
Exhibit F:            Schedule of transactions effected by the Reporting Persons.

 

EX-99.F 2 y77030exv99wf.htm EX-99.F EX-99.F
EXHIBIT F
         
Date+   Price Per Share++   No. of Shares
4/30/2009   $21.0500   1,350*
4/30/2009   $21.0600   100
4/30/2009   $21.0700   100
4/30/2009   $21.0800   100
4/30/2009   $21.0900   600*
4/30/2009   $21.0950   300
4/30/2009   $21.1150   200
4/30/2009   $21.1200   400*
4/30/2009   $21.1300   200*
4/30/2009   $21.1500   1,850*
4/30/2009   $21.1600   300*
4/30/2009   $21.1625   200
4/30/2009   $21.1650   200
4/30/2009   $21.1675   200
4/30/2009   $21.1700   1,094*
4/30/2009   $21.1800   856*
4/30/2009   $21.1900   100
4/30/2009   $21.2100   900*
4/30/2009   $21.2200   300*
4/30/2009   $21.2300   500*
4/30/2009   $21.2400   500*
4/30/2009   $21.2500   100
4/30/2009   $21.2600   1,300*
4/30/2009   $21.2700   595*
4/30/2009   $21.2900   200*
4/30/2009   $21.3000   800*
4/30/2009   $21.3200   100
4/30/2009   $21.3300   100
4/30/2009   $21.3400   200*
4/30/2009   $21.3500   300*
4/30/2009   $21.3600   600*
4/30/2009   $21.3700   400*
4/30/2009   $21.3800   100
4/30/2009   $21.4000   400*
4/30/2009   $21.4100   300*
4/30/2009   $21.4200   300*
4/30/2009   $21.4300   350*
4/30/2009   $21.4400   105*
4/30/2009   $21.4500   100
4/30/2009   $21.4600   600*
4/30/2009   $21.4700   700*
4/30/2009   $21.4800   100
4/30/2009   $21.4900   200*
4/30/2009   $21.5000   200*
4/30/2009   $21.5100   100
4/30/2009   $21.5500   729*

 

 

         
Date+   Price Per Share++   No. of Shares
4/30/2009   $21.6100   300*
4/30/2009   $21.6600   100
4/30/2009   $21.7500   200
4/30/2009   $21.7600   100
4/30/2009   $21.8600   100
4/30/2009   $21.8700   100
4/30/2009   $21.9200   100
4/30/2009   $21.9400   100
5/1/2009   $21.1000   1,800*
5/1/2009   $21.1200   300*
5/1/2009   $21.1300   200*
5/1/2009   $21.1400   300*
5/1/2009   $21.1500   1,900*
5/1/2009   $21.1600   400*
5/1/2009   $21.1700   100
5/1/2009   $21.1800   100
5/1/2009   $21.1900   300*
5/1/2009   $21.2000   400*
5/1/2009   $21.2100   400*
5/1/2009   $21.2200   900*
5/1/2009   $21.2300   200*
5/1/2009   $21.2400   300*
5/1/2009   $21.2500   1,100*
5/1/2009   $21.2600   400*
5/1/2009   $21.2700   600*
5/1/2009   $21.2800   500*
5/1/2009   $21.3200   200*
5/1/2009   $21.3400   300*
5/1/2009   $21.3500   300*
5/1/2009   $21.3600   300*
5/1/2009   $21.3700   200*
5/1/2009   $21.3800   100
5/4/2009   $21.2500   883*
5/4/2009   $21.2600   1,495*
5/4/2009   $21.2700   950*
5/4/2009   $21.2800   250*
5/4/2009   $21.2900   522*
5/4/2009   $21.3000   400*
5/4/2009   $21.3100   1,000*
5/4/2009   $21.3200   200*
5/4/2009   $21.3400   200
5/4/2009   $21.3500   100
5/4/2009   $21.3600   400*
5/4/2009   $21.3700   100
5/4/2009   $21.4000   300*
5/4/2009   $21.4100   400*
5/4/2009   $21.4200   200*
5/4/2009   $21.4300   100

 

 

         
Date+   Price Per Share++   No. of Shares
5/4/2009   $21.4500   400*
5/4/2009   $21.4600   600*
5/4/2009   $21.5000   300*
5/4/2009   $21.5200   100
5/4/2009   $21.5600   1,300*
5/4/2009   $21.5700   1,500*
5/4/2009   $21.5750   100
5/4/2009   $21.5800   100
5/4/2009   $21.5900   900*
5/4/2009   $21.6000   400*
5/4/2009   $21.6100   800*
5/4/2009   $21.6200   400*
5/4/2009   $21.6300   400*
5/4/2009   $21.6400   1,200*
5/4/2009   $21.6500   300*
5/4/2009   $21.6600   671*
5/4/2009   $21.6700   300*
5/4/2009   $21.6800   575*
5/4/2009   $21.6900   300*
5/4/2009   $21.7000   100
5/4/2009   $21.7100   800*
5/4/2009   $21.7200   100
5/4/2009   $21.7300   200*
5/4/2009   $21.7400   129*
5/4/2009   $21.7500   100
5/4/2009   $21.7600   110*
5/4/2009   $21.7700   200*
5/4/2009   $21.7800   515*
5/4/2009   $21.7900   200*
5/4/2009   $22.0300   1,000
5/5/2009   $21.9500   2,000*
5/5/2009   $21.9700   500*
5/5/2009   $21.9800   600*
5/5/2009   $21.9900   700*
5/5/2009   $22.0000   1,100*
5/5/2009   $22.0200   100
5/5/2009   $22.0500   1,505*
5/5/2009   $22.0600   990*
5/5/2009   $22.0700   330*
5/5/2009   $22.0800   402*
5/5/2009   $22.0900   703*
5/5/2009   $22.1000   310*
5/5/2009   $22.1100   470*
5/5/2009   $22.1200   90
5/5/2009   $22.1400   200*
5/5/2009   $22.2500   200*
5/5/2009   $22.2600   832*
5/5/2009   $22.2800   82

 

 

         
Date+   Price Per Share++   No. of Shares
5/5/2009   $22.3000   100
5/5/2009   $22.3200   376*
5/5/2009   $22.3300   504*
5/5/2009   $22.3400   178*
5/5/2009   $22.3417   100
5/5/2009   $22.3900   200*
5/5/2009   $22.4000   1,700*
5/5/2009   $22.4200   117*
5/5/2009   $22.4900   100
5/5/2009   $22.5000   11*
5/5/2009   $22.5500   700
5/6/2009   $22.2500   786*
5/6/2009   $22.2600   314*
5/6/2009   $22.2700   600*
5/6/2009   $22.2900   100
5/6/2009   $22.3100   22
5/6/2009   $22.3200   400*
5/6/2009   $22.3300   78
5/6/2009   $22.3600   200*
5/6/2009   $22.3700   100
5/6/2009   $22.3800   100
5/6/2009   $22.4000   200*
5/6/2009   $22.4200   100
5/6/2009   $22.4500   600*
5/6/2009   $22.4700   300*
5/6/2009   $22.5000   845*
5/6/2009   $22.5100   100
5/6/2009   $22.5200   150*
5/6/2009   $22.5500   2,700*
5/6/2009   $22.5600   100
5/6/2009   $22.5700   98
5/6/2009   $22.5800   477*
5/6/2009   $22.5900   300*
5/6/2009   $22.6000   205*
5/6/2009   $22.6100   200*
5/6/2009   $22.6200   223*
5/6/2009   $22.6300   342*
5/6/2009   $22.6400   100
5/6/2009   $22.6500   100
 
*   Amount represents aggregate of multiple sale transactions effected on the same day at the same sale price per share.
 
+   All transactions were effected in open market transactions and relate to sales of Common Stock by Projection.
 
++   Price per share does not include brokerage fees and other commissions paid in connection with trade.

 

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