Amended Statement of Beneficial Ownership (sc 13d/a)
March 15 2019 - 4:12PM
Edgar (US Regulatory)
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 8)*
OVERSEAS
SHIPHOLDING GROUP, INC.
(Name of Issuer)
Class A Common Stock, par value $0.01 per share
(Title of Class of Securities)
69036R 103
(CUSIP
Number)
Eric M. Albert
BlueMountain Capital Management, LLC
280 Park Avenue, 12
th
Floor
New York, New York 10017
212-905-5647
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
March 13, 2019
(Date of Event which Requires Filing of this Statement)
If the filing person has
previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§
240.13d-1(e),
240.13d-1(f)
or
240.13d-1(g),
check the following box. ☐
Note:
Schedules filed in paper format
shall include a signed original and five copies of the schedule, including all exhibits. See §
240.13d-7
for other parties to whom copies are to be sent.
*
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The remainder of this cover page shall be filled out for a reporting persons initial filing on this form
with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
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The information required on the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities
Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however,
see
the Notes).
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CUSIP No. 69036R 103
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Page
2
of 5
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1
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NAMES OF REPORTING PERSONS
BlueMountain Capital Management, LLC
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2
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CHECK THE APPROPRIATE BOX
IF A MEMBER OF A GROUP (
See
instructions)
(a) ☒ (b) ☐
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3
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SEC USE ONLY
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4
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SOURCE OF FUNDS
(
See
instructions)
WC
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5
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CHECK IF DISCLOSURE OF
LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)
☐
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6
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CITIZENSHIP OR PLACE OF
ORGANIZATION
Delaware, United States of
America
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NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
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7
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SOLE VOTING POWER
0
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8
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SHARED VOTING POWER
0
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9
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SOLE DISPOSITIVE POWER
0
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10
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SHARED DISPOSITIVE POWER
0
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11
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
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12
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CHECK IF THE AGGREGATE
AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (
see
instructions)
☐
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13
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PERCENT OF CLASS
REPRESENTED BY AMOUNT IN ROW (11)
0.0%
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14
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TYPE OF REPORTING PERSON
(
See
instructions)
IA
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CUSIP No. 69036R 103
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Page
3
of 5
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Item 1. Security of the Issuer.
This Amendment No. 8 amends the Schedule 13D filed with the Securities and Exchange Commission on August 15, 2014 (as amended by Amendment No. 1
thereto filed on March 11, 2016, Amendment No. 2 thereto filed on May 4, 2016, Amendment No. 3 thereto filed on March 14, 2017, Amendment No. 4 thereto filed on March 23, 2017, Amendment No. 5 thereto
filed on February 15, 2018, Amendment No. 6 thereto filed on April 24, 2018 and Amendment No. 7 thereto filed on August 14, 2018, the
Schedule 13D
), relating to the shares of Class A Common Stock, par
value $0.01 per share (the
Class
A Common Stock
), of Overseas Shipholding Group, Inc., a Delaware corporation (
OSG
or the
Issuer
). The Issuers principal executive
office is located at 302 Knights Run Avenue, Tampa, Florida 33602. Unless specifically amended hereby, the disclosures set forth in the Schedule 13D remain unchanged.
Item 5. Interest in Securities of the Issuer.
Paragraphs (a), (b) and (c) of Item 5 of the Schedule 13D are hereby deleted and replaced with the following:
(a-b)
The percentage set forth in this Schedule 13D is based on the 85,263,690 shares of Class A Common Stock
outstanding as of March 4, 2019, as reported on the Issuers Form
10-K
filed with the Securities and Exchange Commission on March 15, 2019. The information set forth in Rows
7-13
of the Cover Page of this Schedule 13D is hereby incorporated herein by reference.
(c) During the last 60 days, the
Investment Manager effected the following transactions in the Class A Common Stock:
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Date
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Amount
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Price per Share
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Type of Transaction
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February 15, 2019
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20,000
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$
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2.00
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open market sale
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February 19, 2019
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14,059
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$
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2.05
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open market sale
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February 19, 2019
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3,920
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$
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2.07
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open market sale
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February 19, 2019
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20,000
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$
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2.00
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open market sale
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February 20, 2019
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14,961
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$
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2.05
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open market sale
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February 21, 2019
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8
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$
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2.05
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open market sale
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February 22, 2019
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15,000
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$
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2.00
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open market sale
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February 25, 2019
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5,000
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$
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2.01
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open market sale
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February 25, 2019
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12,000
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$
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2.02
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open market sale
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February 25, 2019
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6,000
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$
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2.03
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open market sale
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February 25, 2019
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4,000
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$
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2.04
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open market sale
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February 26, 2019
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22,500
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$
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2.05
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open market sale
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February 26, 2019
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5,000
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$
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2.04
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open market sale
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February 26, 2019
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5,000
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$
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2.03
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open market sale
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February 26, 2019
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1,000
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$
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2.07
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open market sale
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February 27, 2019
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9,491
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$
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2.02
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open market sale
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March 1, 2019
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100
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$
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2.00
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open market sale
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March 6, 2019
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14,794
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$
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1.85
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open market sale
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March 6, 2019
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30,000
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$
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1.86
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open market sale
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March 7, 2019
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30,000
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$
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1.85
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open market sale
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March 7, 2019
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5,000
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$
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1.88
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open market sale
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March 7, 2019
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5,000
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$
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1.83
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open market sale
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March 8, 2019
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4,944
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$
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1.80
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open market sale
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March 8, 2019
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2,500
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$
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1.79
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open market sale
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March 8, 2019
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5,000
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$
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1.82
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open market sale
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March 8, 2019
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2,500
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$
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1.76
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open market sale
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March 8, 2019
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2,500
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$
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1.78
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open market sale
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March 8, 2019
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5,000
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$
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1.74
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open market sale
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March 11, 2019
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14,746
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$
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1.80
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open market sale
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March 11, 2019
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52,500
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$
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1.75
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open market sale
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March 12, 2019
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1,000
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$
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1.79
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open market sale
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March 12, 2019
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5,178
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$
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1.82
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open market sale
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CUSIP No. 69036R 103
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Page
4
of 5
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Date
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Amount
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Price per Share
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Type of Transaction
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March 12, 2019
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5,000
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$
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1.80
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open market sale
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March 12, 2019
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25,000
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$
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1.77
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open market sale
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March 13, 2019
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7,473,111
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$
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1.90
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open market sale
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March 13, 2019
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19,295
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$
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1.83
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open market sale
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March 13, 2019
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13,500
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$
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1.79
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open market sale
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March 13, 2019
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1,500
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$
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1.80
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open market sale
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CUSIP No. 69036R 103
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Page
5
of 5
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SIGNATURE
After reasonable inquiry and to the best knowledge and belief of the undersigned, the undersigned certifies that the information set forth in this statement
with respect to the undersigned is true, complete and correct.
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Date: March 15, 2019
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BLUEMOUNTAIN CAPITAL MANAGEMENT, LLC
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By:
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/s/ Eric M. Albert
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Name:
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Eric M. Albert, Chief Compliance Officer
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The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative.
If the statement is signed on behalf of a person by his authorized representative (other than an executive officer or general partner of the filing person), evidence of the representatives authority to sign on behalf of such person shall be
filed with the statement;
provided, however
, that a power of attorney for this purpose which is already on file with the Commission may be incorporated by reference. The name and any title of each person who signs the statement shall be typed
or printed beneath his signature.
ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE FEDERAL CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001)
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