Accession Number: | 0001209191-22-043934 |
Date: | 2022-07-28 |
Issuer: | OVERSEAS SHIPHOLDING GROUP INC (OSG) |
Original Submission Date: |
MOTE DAMON
C/O OVERSEAS SHIPHOLDING GROUP, INC.
302 KNIGHTS RUN AVE, SUITE 1200
TAMPA, FL 33602
Title of Security | Transaction Date | 2a. Deemed Execution Date | Transaction Code | Shares | Acquired or Disposed | Price per share | 5. Amount of Securities Beneficially Owned Following Reported Transaction | 6. Ownership Form Direct or Indirect | Nature of Indirect Ownership |
---|---|---|---|---|---|---|---|---|---|
CLASS A COMMON STOCK | 2022-07-28 | M | 62,038 | a | $2.05 | 254,101 | direct | ||
CLASS A COMMON STOCK | 2022-07-28 | F | 15,107 | d | $2.05 | 238,994 | direct |
Title of Derivative Security | Conversion or Exercise Price of Derivative Security | Transaction Date | Deemed Execution Date | Transaction Code | Number of Derivative Securities Acquired (A) or Disposed of (D) | Date Exercisable | Expiration Date | Title and Amount of Securities Underlying Derivative Security | Price of Derivative Security | Number of derivative Securities Beneficially Owned Following Reported Transaction(s) | Ownership Form: Direct (D) or Indirect (I) | Nature of Indirect Beneficial Ownership |
---|---|---|---|---|---|---|---|---|---|---|---|---|
PERFORMANCE RESTRICTED STOCK UNITS | 0.0 | 2022-07-28 | deemed execution date | A | 95,444 (d) | class a common stock 62,038 | $0.00 | 0 | direct |
ID | footnote |
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f1 | represents the vesting of performance restricted stock units granted on march 23, 2021, pursuant to the overseas shipholding group, inc. 2019 incentive compensation plan for management. on july 28, 2022, the human resources and compensation committee of the board ("compensation committee") certified at 65% the achievement of specified performance goals, for the performance period ending june 30, 2022. 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 compensation committee in its discretion. |
f2 | 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 of the performance restricted stock units. |
f3 | represents the number of shares subject to restricted stock units. the units vest upon the satisfaction of specified performance goals, subject to continuous employment by overseas shipholding group, inc. through the end of the performance period commencing on january 1, 2021 and ending on june 30, 2022. |