UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 6)
OVERSEAS SHIPHOLDING GROUP, INC.
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(Name of Issuer)
COMMON STOCK, PAR VALUE $1 PER SHARE
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(Title of Class of Securities)
690368 10 5
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(CUSIP Number)
HOWARD S. KELBERG, ESQ., MILBANK, TWEED, HADLEY & MCCLOY LLP
1 CHASE MANHATTAN PLAZA, NEW YORK NEW YORK 10005 (212) 530-5000
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(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
DECEMBER 2, 2004
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(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 which is the subject of this Schedule 13D, and is filing this
schedule because of Rules 13d-1(e), 13d-1(f) or 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 Rule 13d-7 for other parties
to whom copies are to be sent.
*The remainder of this cover page shall be filled out for a reporting person's
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.
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).
Page 1 of 4
SCHEDULE 13D
CUSIP NO. 690368 10 5 PAGE 2 OF 4 PAGES
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NAME OF REPORTING PERSONS
OSG Holdings
1 S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) [ ]
2 (B) [ ]
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SEC USE ONLY
3
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SOURCE OF FUNDS*
4 NA
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(D) OR 2(E) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION New York
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NUMBER OF SOLE VOTING POWER
SHARES
BENEFICIALLY 7 1,786,964
OWNED BY -----------------------------------------------------------
EACH SHARED VOTING POWER
REPORTING
PERSON WITH 8 0
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SOLE DISPOSITIVE POWER
9 1,786,964
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SHARED DISPOSITIVE POWER
10 0
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORT PERSON
11 1,786,964
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13 4.5%
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TYPE OF REPORTING PERSON*
14 PN
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*SEE INSTRUCTIONS BEFORE FILLING OUT
This Amendment No.6 to the Schedule 13D (the "Schedule 13D") of OSG
Holdings, a New York partnership ("OSGH") relating to the common stock, par
value $1.00 per share (the "Common Stock") of Overseas Shipholding Group, Inc.,
a Delaware corporation ("OSG"), amends Item 5 of the Schedule 13D in the
following respects:
Item 5. Interest in Securities of Issuer
(a) Aggregate amount of Common Stock beneficially owned: 1,786,964
Percent of class beneficially owned: 4.5%
(b) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote: 1,786,964
(ii) Shared power to vote or direct the vote: 0
(iii) Sole power to dispose or to direct the disposition of:
1,786,964
(iv) Shared power to dispose or to direct the disposition of: 0
(c) On December 2, 2004, OSGH distributed 893,480 shares of Common Stock
to its partners in accordance with their percentage ownership of
OSGH.
(e) OSGH ceased to be the beneficial owner of more than 5% of the Common
Stock of OSG on December 2, 2004.
Page 3 of 4
After reasonable inquiry and to the best knowledge and belief of the
undersigned, the undersigned certifies that the information set forth in this
statement is true, complete and correct.
Date: December 9, 2004 OSG HOLDINGS
By: /s/ Michael A. Recanati
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Name: Michael A. Recanati
Title: Partner
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