0000075208-20-000030.txt : 20200324
0000075208-20-000030.hdr.sgml : 20200324
20200324164818
ACCESSION NUMBER: 0000075208-20-000030
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20200322
FILED AS OF DATE: 20200324
DATE AS OF CHANGE: 20200324
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Trueblood Richard
CENTRAL INDEX KEY: 0001712582
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-06479
FILM NUMBER: 20738986
MAIL ADDRESS:
STREET 1: 10812 BULLRUSH TERRACE
CITY: LAKEWOOD RANCH
STATE: FL
ZIP: 34202
ISSUER:
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: FL
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: TWO HARBOUR PLACE
STREET 2: 302 KNIGHTS RUN AVENUE, SUITE 1200
CITY: TAMPA
STATE: FL
ZIP: 33602
BUSINESS PHONE: 8132090600
MAIL ADDRESS:
STREET 1: TWO HARBOUR PLACE
STREET 2: 302 KNIGHTS RUN AVENUE, SUITE 1200
CITY: TAMPA
STATE: FL
ZIP: 33602
4
1
wf-form4_158508288059263.xml
FORM 4
X0306
4
2020-03-22
0
0000075208
OVERSEAS SHIPHOLDING GROUP INC
OSG
0001712582
Trueblood Richard
302 KNIGHTS RUN AVE, SUITE 1200
TAMPA
FL
33602
0
1
0
0
CFO
Class A Common Stock, par value $.01 per share
2020-03-22
4
A
0
17807
0
A
60463
D
Class A Common Stock, par value $.01 per share
2020-03-22
4
F
0
4336
1.99
D
56127
D
Restricted Stock Units
0.0
2020-03-22
4
M
0
17807
0
D
Class A Common Stock
17807.0
35616
D
Restricted Stock Units
2020-03-23
4
A
0
92319
0
A
Class A Common Stock, par value $.01 per share
92319.0
92319
D
Performance Restricted Stock Units
2020-03-23
4
A
0
46160
0
A
Class A Common Stock, par value $.01 per share
46160.0
46160
D
Performance Restricted Stock Units
2020-03-23
4
A
0
46160
0
A
Class A Common Stock, par value $.01 per share
46160.0
92320
D
Represents partial vesting of restricted stock units granted on March 22, 2019 pursuant to the Overseas Shipholding Group, Inc. ("OSG") Management Incentive Compensation Plan. The units vest as to one-third of such units on the first, second and third anniversaries of March 22, 2019. Each unit represents the right to acquire one share of Class A Common Stock. Settlement of vested units may be in either shares of Class A Common Stock or cash as determined by the Human Resources and Compensation Committee of the Board in its discretion.
Represents shares of Class A Common Stock withheld by the registrant in payment of the reporting person's tax withholding liability incurred as a result of the vesting the Restricted Stock Units.
These restricted stock units were granted pursuant to the Overseas Shipholding Group, Inc. ("OSG") Incentive Compensation Plan for Management (the "Plan") and vest as to one-third of such units on each of the first, second and the third anniversaries of March 23, 2020 (the "Vesting Commencement Date"). Each unit represents the right to acquire one share of Class A Common Stock. Settlement of vested units may be in either shares of Class A Common Stock or cash as determined by the Human Resources and Compensation Committee of the Board in its discretion. Settlement must occur no later than 60 days following the vesting of the units.
These restricted stock units were granted pursuant to the Plan and vest on December 31, 2022 at the end of the three-year performance period. Each unit represents the right to acquire one share of Class A Common Stock, subject to the satisfaction of the applicable performance goal. Settlement of the vested units may be in either shares of Class A Common Stock or cash, as determined by the Committee in its discretion. Settlement must occur no later than 60 days after the date of the Committee's certification following the end of the performance period of the level of attainment of the applicable performance goal.
/s/ Richard Trueblood
2020-03-23