Filing Details
- Accession Number:
- 0000899243-18-018717
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2018-06-29 16:06:22
- Reporting Period:
- 2018-06-27
- Accepted Time:
- 2018-06-29 16:06:22
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 75208 | Overseas Shipholding Group Inc | OV6:GR | Deep Sea Foreign Transportation Of Freight (4412) | 132637623 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1427430 | Bluemountain Capital Management, Llc | 280 Park Avenue, 12Th Floor New York NY 10017 | No | No | Yes | No | |
| 1540859 | Bluemountain Gp Holdings, Llc | 280 Park Avenue, 12Th Floor New York NY 10017 | No | No | Yes | No | |
| 1541088 | Bluemountain Long/Short Credit Gp, Llc | 280 Park Avenue, 12Th Floor New York NY 10017 | No | No | Yes | No | |
| 1598919 | L.p. Fund Peak Guadalupe Bluemountain | 280 Park Avenue, 12Th Floor New York NY 10017 | No | No | Yes | No | |
| 1614634 | Bluemountain Nautical Llc | 280 Park Avenue, 12Th Floor New York NY 10017 | No | No | Yes | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Class A Common Stock | Disposition | 2018-06-27 | 19,325 | $4.00 | 8,198,641 | No | 4 | S | Indirect | Footnotes |
| Class A Common Stock | Disposition | 2018-06-27 | 19,325 | $4.00 | 8,198,641 | No | 4 | S | Indirect | Footnotes |
| Class A Common Stock | Disposition | 2018-06-27 | 19,325 | $4.00 | 8,198,641 | No | 4 | S | Indirect | Footnotes |
| Class A Common Stock | Disposition | 2018-06-27 | 19,325 | $4.00 | 8,198,641 | No | 4 | S | Indirect | Footnotes |
| Class A Common Stock | Disposition | 2018-06-27 | 19,325 | $4.00 | 8,198,641 | No | 4 | S | Direct | |
| Class A Common Stock | Disposition | 2018-06-27 | 77,800 | $4.04 | 8,120,841 | No | 4 | S | Indirect | Footnotes |
| Class A Common Stock | Disposition | 2018-06-27 | 77,800 | $4.04 | 8,120,841 | No | 4 | S | Indirect | Footnotes |
| Class A Common Stock | Disposition | 2018-06-27 | 77,800 | $4.04 | 8,120,841 | No | 4 | S | Indirect | Footnotes |
| Class A Common Stock | Disposition | 2018-06-27 | 77,800 | $4.04 | 8,120,841 | No | 4 | S | Indirect | Footnotes |
| Class A Common Stock | Disposition | 2018-06-27 | 77,800 | $4.04 | 8,120,841 | No | 4 | S | Direct | |
| Class A Common Stock | Disposition | 2018-06-27 | 25,000 | $4.01 | 8,095,841 | No | 4 | S | Indirect | Footnotes |
| Class A Common Stock | Disposition | 2018-06-27 | 25,000 | $4.01 | 8,095,841 | No | 4 | S | Indirect | Footnotes |
| Class A Common Stock | Disposition | 2018-06-27 | 25,000 | $4.01 | 8,095,841 | No | 4 | S | Indirect | Footnotes |
| Class A Common Stock | Disposition | 2018-06-27 | 25,000 | $4.01 | 8,095,841 | No | 4 | S | Indirect | Footnotes |
| Class A Common Stock | Disposition | 2018-06-27 | 25,000 | $4.01 | 8,095,841 | No | 4 | S | Direct | |
| Class A Common Stock | Disposition | 2018-06-27 | 30,600 | $4.06 | 8,065,241 | No | 4 | S | Indirect | Footnotes |
| Class A Common Stock | Disposition | 2018-06-27 | 30,600 | $4.06 | 8,065,241 | No | 4 | S | Indirect | Footnotes |
| Class A Common Stock | Disposition | 2018-06-27 | 30,600 | $4.06 | 8,065,241 | No | 4 | S | Indirect | Footnotes |
| Class A Common Stock | Disposition | 2018-06-27 | 30,600 | $4.06 | 8,065,241 | No | 4 | S | Indirect | Footnotes |
| Class A Common Stock | Disposition | 2018-06-27 | 30,600 | $4.06 | 8,065,241 | No | 4 | S | Direct | |
| Class A Common Stock | Disposition | 2018-06-27 | 25,000 | $4.11 | 8,040,241 | No | 4 | S | Indirect | Footnotes |
| Class A Common Stock | Disposition | 2018-06-27 | 25,000 | $4.11 | 8,040,241 | No | 4 | S | Indirect | Footnotes |
| Class A Common Stock | Disposition | 2018-06-27 | 25,000 | $4.11 | 8,040,241 | No | 4 | S | Indirect | Footnotes |
| Class A Common Stock | Disposition | 2018-06-27 | 25,000 | $4.11 | 8,040,241 | No | 4 | S | Indirect | Footnotes |
| Class A Common Stock | Disposition | 2018-06-27 | 25,000 | $4.11 | 8,040,241 | No | 4 | S | Direct | |
| Class A Common Stock | Disposition | 2018-06-27 | 11,700 | $4.02 | 8,028,541 | No | 4 | S | Indirect | Footnotes |
| Class A Common Stock | Disposition | 2018-06-27 | 11,700 | $4.02 | 8,028,541 | No | 4 | S | Indirect | Footnotes |
| Class A Common Stock | Disposition | 2018-06-27 | 11,700 | $4.02 | 8,028,541 | No | 4 | S | Indirect | Footnotes |
| Class A Common Stock | Disposition | 2018-06-27 | 11,700 | $4.02 | 8,028,541 | No | 4 | S | Indirect | Footnotes |
| Class A Common Stock | Disposition | 2018-06-27 | 11,700 | $4.02 | 8,028,541 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | S | Indirect | Footnotes |
| No | 4 | S | Indirect | Footnotes |
| No | 4 | S | Indirect | Footnotes |
| No | 4 | S | Indirect | Footnotes |
| No | 4 | S | Direct | |
| No | 4 | S | Indirect | Footnotes |
| No | 4 | S | Indirect | Footnotes |
| No | 4 | S | Indirect | Footnotes |
| No | 4 | S | Indirect | Footnotes |
| No | 4 | S | Direct | |
| No | 4 | S | Indirect | Footnotes |
| No | 4 | S | Indirect | Footnotes |
| No | 4 | S | Indirect | Footnotes |
| No | 4 | S | Indirect | Footnotes |
| No | 4 | S | Direct | |
| No | 4 | S | Indirect | Footnotes |
| No | 4 | S | Indirect | Footnotes |
| No | 4 | S | Indirect | Footnotes |
| No | 4 | S | Indirect | Footnotes |
| No | 4 | S | Direct | |
| No | 4 | S | Indirect | Footnotes |
| No | 4 | S | Indirect | Footnotes |
| No | 4 | S | Indirect | Footnotes |
| No | 4 | S | Indirect | Footnotes |
| No | 4 | S | Direct | |
| No | 4 | S | Indirect | Footnotes |
| No | 4 | S | Indirect | Footnotes |
| No | 4 | S | Indirect | Footnotes |
| No | 4 | S | Indirect | Footnotes |
| No | 4 | S | Direct |
Footnotes
- The filing of this Form 4 shall not be construed as an admission that BlueMountain Capital Management, LLC ("BMCM"), GP Holdings or the General Partner (each as defined in Footnote 3 below) is or was for the purposes of Section 16(a) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise the beneficial owner of any of the shares of Class A Common Stock, par value $0.01 per share (the "Common Stock"), of Overseas Shipholding Group, Inc. (the "Issuer"). Pursuant to Rule 16a-1(a)(4) of the Exchange Act, BMCM, GP Holdings and the General Partner disclaim such beneficial ownership, except to the extent of their respective pecuniary interest.
- BMCM is the non-member manager of BlueMountain Nautical LLC ("Nautical"), which is the direct beneficial owner of 8,028,541 shares of Common Stock, and is the investment manager of BlueMountain Guadalupe Peak Fund L.P. ("Guadalupe"), which holds 100% of the membership interests of Nautical, and thus is an indirect beneficial owner of the Common Stock held by Nautical.
- BMCM, although it directs the voting and disposition of the Common Stock held by Nautical, only receives an asset-based fee relating to the shares of Common Stock held by Nautical. BlueMountain Long/Short Credit GP, LLC (the "General Partner") is the general partner of Guadalupe and has an indirect profits interest in the Common Stock beneficially owned by Guadalupe. BlueMountain GP Holdings, LLC ("GP Holdings") is the sole owner of the General Partner, and thus has an indirect profits interest in the Common Stock beneficially owned by Guadalupe.
- On June 27, 2018, Nautical sold 19,325, 77,800, 25,000, 30,600, 25,000 and 11,700 shares of Common Stock for $4.00, $4.04, $4.01, $4.06, $4.11 and $4.02 per share, respectively.
- The Reporting Persons are jointly filing this Form 4 pursuant to Rule 16(a)-3(j) under the Exchange Act.
Billionaire Hedge Funds
