CYRUS CAPITAL PARTNERS, L.P. - 11 Nov 2022 Form 4 Insider Report for OVERSEAS SHIPHOLDING GROUP INC

Role
10%+ Owner
Signature
/s/ Cyrus Capital Partners, L.P., By: /s/ Jennifer M. Pulick, Name: Jennifer M. Pulick, Title: Authorized Signatory
Issuer symbol
N/A
Transactions as of
11 Nov 2022
Net transactions value
-$14,300,000
Form type
4
Filing time
15 Nov 2022, 17:12:14 UTC
Previous filing
09 May 2022
Next filing
16 Dec 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OSG Class A Common Stock, par value $0.01 Sale $14,300,000 -5,000,000 -31% $2.86 11,218,710 11 Nov 2022 See footnote F1
holding OSG Class A Common Stock, par value $0.01 160,696 11 Nov 2022 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The securities reported herein are held directly by: (i) Cyrus Polaris LLC, (ii) Cyrus Polaris II LLC, (iii) CYR Fund, L.P., (iv) Crescent 1, L.P. and (v) Cyrus Canary Fund, L.P (collectively, the "Cyrus Funds"). Cyrus Capital Partners, L.P ("CCP") serves as the investment manager to the Cyrus Funds. Cyrus Capital Partners GP, L.L.C. ("CCPGP") serves as the general partner of CCP. Stephen C. Freidheim serves as the principal of both CCP and CCPGP. All discretion over the investment activities of the Cyrus Funds has been delegated to CCP. Each of the Reporting Persons disclaims beneficial ownership of the reported securities except to the extent of its or his pecuniary interest therein, if any.