0001493152-24-026988.txt : 20240711 0001493152-24-026988.hdr.sgml : 20240711 20240711170449 ACCESSION NUMBER: 0001493152-24-026988 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240710 FILED AS OF DATE: 20240711 DATE AS OF CHANGE: 20240711 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: DeLaet Rebecca K CENTRAL INDEX KEY: 0001812703 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-06479 FILM NUMBER: 241112610 MAIL ADDRESS: STREET 1: 34 BEACH AVENUE CITY: LARCHMONT STATE: NY ZIP: 10538 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: OVERSEAS SHIPHOLDING GROUP INC CENTRAL INDEX KEY: 0000075208 STANDARD INDUSTRIAL CLASSIFICATION: DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT [4412] ORGANIZATION NAME: 01 Energy & Transportation 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 ownership.xml X0508 4 2024-07-10 1 0000075208 OVERSEAS SHIPHOLDING GROUP INC OSG 0001812703 DeLaet Rebecca K C/O OVERSEAS SHIPHOLDING GROUP, INC. 302 KNIGHTS RUN AVE, SUITE 1200 TAMPA FL 33602 1 0 0 0 0 Class A Common Stock 2024-07-10 4 D 0 141400 8.50 D 0 D Restricted Stock Units 2024-07-10 4 D 0 2000 8.50 D Class A Common Stock 2000 0 D The reported securities were disposed of pursuant to the terms of the Agreement and Plan of Merger, dated as of May 19, 2024 (the "Merger Agreement"), by and among Overseas Shipholding Group, Inc., a Delaware corporation (the "Company"), Saltchuk Resources, Inc., a Washington corporation ("Parent"), and Seahawk MergeCo., Inc., a Delaware corporation and a wholly owned subsidiary of Parent ("Merger Sub"), pursuant to which Merger Sub completed a cash tender offer (the "Offer") for all outstanding shares of the Company's Class A common stock, par value $0.01 per share (the "Shares") at a purchase price of $8.50 per Share (the "Offer Price"), without interest and subject to applicable withholding taxes, which such tender offer expired at one (1) minute after 11:59 p.m., Eastern Time on July 9, 2024. After all Shares tendered into the Offer were accepted for payment by or on behalf of Merger Sub (the "Offer Acceptance Time"), Merger Sub merged with and into the Company (the "Merger"), effective as of July 10, 2024 (the "Effective Time"). As a result of the Merger, each Share not acquired in the Offer and remaining outstanding immediately prior to the Effective Time (other than Shares held by any stockholders who properly demanded appraisal in connection with the Merger, Shares held by the Company in treasury and Shares held by Parent, Merger Sub, or any other wholly owned subsidiary of Parent) was converted into the right to receive the Offer Price, without interest, less any applicable withholding taxes. All Shares converted into the right to receive the Offer Price were automatically cancelled and ceased to exist. Pursuant to the Merger Agreement, as of immediately prior to the Offer Acceptance Time, each restricted stock unit award of the Company (the "Company RSU Award"), or portion thereof, that was not then subject to one or more performance goals and that was then outstanding was cancelled and the holder of each such cancelled Company RSU Award became entitled to receive an amount in cash, without any interest thereon and subject to applicable tax withholding, equal to the sum of (i) the product of (x) the Offer Price multiplied by (y) the total number of Shares subject to such Company RSU Award or portion thereof, as applicable, pro-rated to reflect the number of calendar months that have elapsed in whole or in part from and after the grant date through the Offer Acceptance Time, plus (ii) an amount equal to any dividend equivalent rights then accrued with respect to such Company RSU Award or portion thereof, as applicable. This Company RSU Award was granted pursuant to the Overseas Shipholding Group, Inc. Non-Employee Director Incentive Compensation Plan and was scheduled to vest on June 6, 2025. Each unit represented the right to acquire one Share. /s/ Rebecca K. DeLaet by Susan Allan, attorney-in-fact 2024-07-10