0000902664-16-007431.txt : 20160624
0000902664-16-007431.hdr.sgml : 20160624
20160624132643
ACCESSION NUMBER: 0000902664-16-007431
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20160622
FILED AS OF DATE: 20160624
DATE AS OF CHANGE: 20160624
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: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 1301 AVENUE OF THE AMERICAS
CITY: NEW YORK
STATE: NY
ZIP: 10019
BUSINESS PHONE: 2122511153
MAIL ADDRESS:
STREET 1: 1301 AVENUE OF THE AMERICAS
CITY: NEW YORK
STATE: NY
ZIP: 10019
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: CYRUS CAPITAL PARTNERS GP, LLC
CENTRAL INDEX KEY: 0001166774
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-06479
FILM NUMBER: 161730542
BUSINESS ADDRESS:
STREET 1: 399 PARK AVENUE, 39TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10022
BUSINESS PHONE: 212-380-5800
MAIL ADDRESS:
STREET 1: 399 PARK AVENUE, 39TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10022
FORMER NAME:
FORMER CONFORMED NAME: OZF MANAGEMENT LLC
DATE OF NAME CHANGE: 20020208
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: FREIDHEIM STEPHEN C
CENTRAL INDEX KEY: 0001251783
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-06479
FILM NUMBER: 161730543
MAIL ADDRESS:
STREET 1: C/O CYRUS CAPITAL PARTNERS, L.P.
STREET 2: 399 PARK AVENUE, 39TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10022
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: CYRUS CAPITAL PARTNERS, L.P.
CENTRAL INDEX KEY: 0001166564
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-06479
FILM NUMBER: 161730544
BUSINESS ADDRESS:
STREET 1: 399 PARK AVENUE
STREET 2: 39TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10022
BUSINESS PHONE: 212-380-5821
MAIL ADDRESS:
STREET 1: 399 PARK AVENUE
STREET 2: 39TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10022
FORMER NAME:
FORMER CONFORMED NAME: CYRUS CAPITAL PARTNERS, LP
DATE OF NAME CHANGE: 20050215
FORMER NAME:
FORMER CONFORMED NAME: OZF MANAGEMENT L P
DATE OF NAME CHANGE: 20020205
4
1
p16-1454form4.xml
OWNERSHIP DOCUMENT
X0306
4
2016-06-22
0
0000075208
OVERSEAS SHIPHOLDING GROUP INC
OSGI
0001166564
CYRUS CAPITAL PARTNERS, L.P.
399 PARK AVENUE
39TH FLOOR
NEW YORK
NY
10022
1
0
1
1
SEE REMARKS
0001251783
FREIDHEIM STEPHEN C
C/O CYRUS CAPITAL PARTNERS, L.P.
399 PARK AVENUE, 39TH FLOOR
NEW YORK
NY
10022
1
0
1
1
SEE REMARKS
0001166774
CYRUS CAPITAL PARTNERS GP, LLC
399 PARK AVENUE, 39TH FLOOR
NEW YORK
NY
10022
1
0
1
1
SEE REMARKS
Class A Common Stock, par value $0.01
2016-06-22
4
A
0
8432
0
A
41765
D
Class A Common Stock, par value $0.01
9380189
I
See footnote
These 8,432 shares of restricted Class A Common Stock were granted to Cyrus Capital Partners LP ("CCP") by the Issuer on November 22, 2016 pursuant to the Issuer's Non-Employee Director Incentive Compensation Plan and vest on the earlier of (i) June 8, 2017 and (ii) the date of the annual meeting of stockholders in 2017. Mr. Joseph Kronsberg is an employee of CCP and sits on the board of directors of the Issuer as a representative of CCP. The grant was made directly to CCP because pursuant to agreements between CCP and Mr. Kronsberg, CCP is required to receive all compensation in connection with Mr. Kronsberg's directorship.
9,388,621 shares of Class A Common Stock and 13,851,382 Warrants to purchase 2,636,376 shares of Class A Common Stock are held directly by: (i) Cyrus Polaris LLC, (ii) Cyrus Polaris II LLC, (iii) CYR Fund, L.P., (iv) Crescent 1, L.P., and (v) Cyrus Canary Fund, L.P (collectively, the "Cyrus Funds"). In addition, 41,765shares of restricted Class A Common Stock are held by Cyrus Capital Partners, L.P ("CCP"). CCP serves as the investment manager to the Cyrus Funds. Cyrus Capital Partners GP, L.L.C. ("CCPGP") serves as the general partner of CCP. Stephen C. Freidheim serves as the principal of both CCP and CCPGP. All discretion over the investment activities of the Cyruns Funds has been delegated to CCP. Each of the Reporting Persons disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest therein, if any.
Mr. Kronsberg serves on the Board of Directors of the Issuer as a representative of CCP. Accordingly, CCP, CCPGP and Mr. Feidheim are directors by deputization by virtue of the fact that Mr. Kronsberg currently sits on the board of directors of the Issuer.
/s/ Cyrus Capital Partners, L.P., By: /s/ Thomas Stamatelos, Name: Thomas Stamatelos, Title: Authorized Signatory
2016-06-24
/s/ Cyrus Capital Partners GP, L.L.C., By: /s/ Stephen C. Freidheim, Name: Stephen C. Freidheim, Title: Manager
2016-06-24
/s/ Stephen C. Freidheim
2016-06-24