Cyrus Capital Partners Boosts Stake In Overseas Shipholding Group

Page 6 of 8 – SEC Filing

(b)	See rows (7) through (10) of the cover pages to this Schedule 13D/A for the number of shares of Class A Common Stock as to which each Reporting Person has the sole or shared power to vote or direct the vote and sole or shared power to dispose or to direct the disposition.
(c)	Information concerning transactions in the Common Stock effected by the Reporting Persons during the past sixty days is set forth in Schedule A hereto and is incorporated herein by reference.  Unless otherwise indicated, all of such transactions were effected in the open market.
(d)	No person other than a Reporting Person or the Cyrus Funds has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of shares of, Class A Common Stock beneficially owned by the Reporting Persons.
(e)	Not applicable.

Item 6.	CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER.

Item 6 of the Schedule 13D is hereby supplemented by the addition of the following:
The Cyrus Funds hold an aggregate of 13,851,382 Warrants to purchase 2,636,376 shares of Class A Common Stock (after giving effect to: (i) the Stock Dividend, (ii) the cash dividend of $0.08 paid on March 25, 2016 for each share of Class A Common Stock held by the Reporting Persons as of the record date of March 18, 2016 and (iii) the Reverse Stock Split). The Warrants have a $0.01 exercise price and expire on August 5, 2039. The Warrants may be exercised only subject to certain restrictions set forth in the terms of the Warrants and the Issuer’s organizational documents.

Follow Overseas Shipholding Group Inc (NYSE:OSG)

Follow Overseas Shipholding Group Inc (NYSE:OSG)

---

or

Subscribe with Google

We may use your email to send marketing emails about our services. Click here to read our privacy policy.