# EDGAR Filing Document

**Accession Number:** 0001693233
**File Stem:** 0001209191-23-021272
**Filing Date:** 2023-3
**Character Count:** 11117
**Document Hash:** fc99569b1977c7cad822712283357c5d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001209191-23-021272.hdr.sgml**: 20230327

**ACCESSION NUMBER**: 0001209191-23-021272

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20230323

**FILED AS OF DATE**: 20230327

**DATE AS OF CHANGE**: 20230327

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** O'Halloran Patrick Joseph
- **CENTRAL INDEX KEY:** 0001693233

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-06479
- **FILM NUMBER:** 23765615

**MAIL ADDRESS:**
- **STREET 1:** 302 KNIGHTS RUN AVENUE
- **STREET 2:** SUITE 1200
- **CITY:** TAMPA
- **STATE:** FL
- **ZIP:** 33602
**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

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 4

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

[ ] Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>O'Halloran Patrick Joseph<br><sub>(Last) (First) (Middle)</sub><br>C/O OVERSEAS SHIPHOLDING GROUP, INC.<br>302 KNIGHTS RUN AVE, SUITE 1200<br><sub>(Street)</sub><br>TAMPA, FL 33602<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2023-03-23 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[ ] Director [ ] 10% Owner<br>[X] Officer (give title below) [ ] Other (specify below)<br>_VP & Chief Operations Officer_ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>OVERSEAS SHIPHOLDING GROUP INC [ OSG ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| Class A Common Stock | 2023-03-23 |  | M |  | 27184<sup>(1)</sup> | A | $0.00 | 297899 | D |  |
| Class A Common Stock | 2023-03-23 |  | F |  | 6620<sup>(2)</sup> | D | $3.73 | 291279 | D |  |
| Class A Common Stock | 2023-03-23 |  | M |  | 15907<sup>(3)</sup> | A | $0.00 | 307186 | D |  |
| Class A Common Stock | 2023-03-23 |  | F |  | 3874<sup>(2)</sup> | D | $3.73 | 303312 | D |  |
| Class A Common Stock | 2023-03-24 |  | M |  | 23923<sup>(4)</sup> | A | $0.00 | 327235 | D |  |
| Class A Common Stock | 2023-03-24 |  | F |  | 5826<sup>(2)</sup> | D | $3.71 | 321409 | D |  |
| Class A Common Stock | 2023-03-24 |  | M |  | 8601<sup>(5)</sup> | A | $0.00 | 330010 | D |  |
| Class A Common Stock | 2023-03-24 |  | F |  | 2095<sup>(2)</sup> | D | $3.71 | 327915 | D |  |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| Restricted Stock Units<sup>(1)</sup> | <sup>(1)</sup> | 2023-03-23 |  | M |  |  | 27184 | <sup>(1)</sup> | <sup>(1)</sup> | Class A Common Stock | 27184 | $0.00 | 0 | D |  |
| Restricted Stock Units<sup>(3)</sup> | <sup>(3)</sup> | 2023-03-23 |  | M |  |  | 15907 | <sup>(3)</sup> | <sup>(3)</sup> | Class A Common Stock | 15907 | $0.00 | 15908 | D |  |
| Restricted Stock Units<sup>(4)</sup> | <sup>(4)</sup> | 2023-03-24 |  | M |  |  | 23923 | <sup>(4)</sup> | <sup>(4)</sup> | Class A Common Stock | 23923 | $0.00 | 47847 | D |  |
| Restricted Stock Units<sup>(6)</sup> | <sup>(6)</sup> | 2023-03-23 |  | A |  | 54310 |  | <sup>(6)</sup> | <sup>(6)</sup> | Class A Common Stock | 54310 | $0.00 | 54310 | D |  |
| Performance Restricted Stock Units<sup>(7)</sup> | <sup>(7)</sup> | 2023-03-23 |  | A |  | 27155 |  | <sup>(7)</sup> | <sup>(7)</sup> | Class A Common Stock | 27155 | $0.00 | 27155 | D |  |
| Performance Restricted Stock Units<sup>(7)</sup> | <sup>(7)</sup> | 2023-03-23 |  | A |  | 27155 |  | <sup>(7)</sup> | <sup>(7)</sup> | Class A Common Stock | 27155 | $0.00 | 27155 | D |  |
| Performance Restricted Stock Units<sup>(5)</sup> | <sup>(5)</sup> | 2023-03-24 |  | M |  |  | 8601 | <sup>(5)</sup> | <sup>(5)</sup> | Class A Common Stock | 8601 | $0.00 | 34404 | D |  |

---

### Footnotes:

(1) Represents vesting of final installment of restricted stock units granted on March 23, 2020 pursuant to the Overseas Shipholding Group, Inc. 2019 Incentive Compensation Plan for Management. The units vest as to one-third of the units granted on the first, second and third anniversaries of the date of grant. Each unit represents the right to acquire one share of OSG 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.

(2) 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 Restricted Stock Units and Performance Restricted Stock Units.

(3) Represents partial vesting of restricted stock units granted on March 23, 2021 pursuant to the Overseas Shipholding Group, Inc. 2019 Incentive Compensation Plan for Management. The units vest as to one-third of such units on the first, second and third anniversaries of March 23, 2021. 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.

(4) These restricted stock units were granted on March 24, 2022 pursuant to the Overseas Shipholding Group, Inc. 2019 Incentive Compensation Plan for Management and vest as to one third of such units on each of the first, second and the third anniversaries of the date of grant. 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.

(5) Represents vesting of an installment of restricted stock units that were granted on March 24, 2022 pursuant to the Overseas Shipholding Group, Inc. 2019 Incentive Compensation Plan for Management.  The units vest as to 20% of the units granted on the first anniversary, 30% on the second anniversary and 50% on the third anniversary, respectfully, of the date of grant. 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.

(6) These restricted stock units were granted on March 23, 2023 pursuant to the Overseas Shipholding Group, Inc. 2019 Incentive Compensation Plan for Management and vest as to one third of such units on each of the first, second and the third anniversaries of the date of grant. 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.

(7) These restricted stock units were granted on March 23, 2023 pursuant to the 2019 Incentive Compensation Plan for Management and vest on December 31, 2025 (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.

**Signature:** /s/ Patrick J. O'Halloran  
**Date:** 2023-03-27

### Remarks:

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

**Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.**