UNITED STATES
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)
Common Stock, par value $1 per share
(Title of Class of Securities)
690368 10 5
(CUSIP Number)
Michael Mayberry, Esq.
277 Park Avenue
New York, NY 10172
Tel. No.: (212) 207-2898
(Name, Address and Telephone Number of
Person Authorized to Receive Notices
and Communications)
January 30, 2004
(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 statement because of Rule 13d-1(b)(3) or (4), check the following
box [_].
Check the following box if a fee is being paid with the statement [_].
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Mary Ann Fribourg
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [_]
(b) [X]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
Not Applicable
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS
IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_]
Not Applicable
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES -0-
BENEFICIALLY ------------------------------------------------
OWNED 8 SHARED VOTING POWER
BY EACH
REPORTING 1,805,572
PERSON ------------------------------------------------
WITH 9 SOLE DISPOSITIVE POWER
-0-
------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,805,572
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,805,572
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.6%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
--------------------------------------------------------------------------------
Page 2 of 10 Pages
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Paul Fribourg
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [_]
(b) [X]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
Not Applicable
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS
IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_]
Not Applicable
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES -0-
BENEFICIALLY ------------------------------------------------
OWNED 8 SHARED VOTING POWER
BY EACH
REPORTING 1,805,572
PERSON ------------------------------------------------
WITH 9 SOLE DISPOSITIVE POWER
-0-
------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,805,572
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,805,572
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.6%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
--------------------------------------------------------------------------------
Page 3 of 10 Pages
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Morton I. Sosland
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [_]
(b) [X]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
Not Applicable
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS
IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_]
Not Applicable
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES -0-
BENEFICIALLY ------------------------------------------------
OWNED 8 SHARED VOTING POWER
BY EACH
REPORTING 1,805,572
PERSON ------------------------------------------------
WITH 9 SOLE DISPOSITIVE POWER
-0-
------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,805,572
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,805,572
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.6%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
--------------------------------------------------------------------------------
Page 4 of 10 Pages
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Fribourg Enterprises, LLC
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [_]
(b) [X]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
Not Applicable
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS
IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_]
Not Applicable
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES 1,805,572
BENEFICIALLY ------------------------------------------------
OWNED 8 SHARED VOTING POWER
BY EACH
REPORTING -0-
PERSON ------------------------------------------------
WITH 9 SOLE DISPOSITIVE POWER
1,805,572
------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,805,572
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.6%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
OO
--------------------------------------------------------------------------------
Page 5 of 10 Pages
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Fribourg Grandchildren Family L.P.
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [_]
(b) [X]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
Not Applicable
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS
IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_]
Not Applicable
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES 1,805,572
BENEFICIALLY ------------------------------------------------
OWNED 8 SHARED VOTING POWER
BY EACH
REPORTING -0-
PERSON ------------------------------------------------
WITH 9 SOLE DISPOSITIVE POWER
1,805,572
------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,805,572
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.6%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
--------------------------------------------------------------------------------
Page 6 of 10 Pages
This Amendment No. 8 to the Statement on Schedule 13D, dated March 12,
1992, filed by Fribourg Enterprises L.P., a Delaware limited partnership
("Fribourg Enterprises"), relating to the common stock, par value $1 per share,
of Overseas Shipholding Group, Inc. (the "OSG Common Stock"), a Delaware
corporation ("OSG"), and as amended by Amendment No. 1, dated April 19, 1993,
Amendment No. 2, dated December 3, 1996, Amendment No. 3, dated July 29, 1997,
Amendment No. 4, dated April 29, 2002, Amendment No. 5, dated November 7, 2003,
Amendment No. 6, dated November 11, 2003 and Amendment No. 7, dated January 15,
2004 (as so amended, the "Statement"), amends the Statement in the following
respects only:
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
Item No. 5 is amended and restated in its entirety as follows:
a. With respect to each of the above entities and individuals,
the 1,805,572 shares of OSG Common Stock that are beneficially owned constitutes
approximately 4.6% of the issued and outstanding shares of OSG Common Stock.
b. Each of the above entities have sole voting and dispositive
power with respect to the 1,805,572 shares and each of the above individuals
have shared voting and dispositive power with respect to the 1,805,572 shares.
c. Fribourg Grandchildren Family L.P. sold shares of OSG Common
Stock in open market transactions on the New York Stock Exchange as follows:
DATE NUMBER OF SHARES PRICE PER SHARE
---- ---------------- ---------------
1/13/2004 7,500 35.15
1/14/2004 7,500 35.3495
1/15/2004 7,500 35.4983
1/16/2004 7,500 35.3479
1/20/2004 7,500 35.8787
1/21/2004 7,500 37.0741
1/22/2004 7,500 37.9860
1/23/2004 7,500 37.8391
1/26/2004 7,500 37.9827
1/27/2004 7,500 36.2272
1/28/2004 7,500 35.2929
1/29/2004 5,000 34.8784
On January 30, 2004, Fribourg Grandchildren Family L.P. sold 212,669
shares of OSG Common Stock in an offering registered under the Securities Act of
1933 at a price of $36.60 per share, less an underwriting commission of $0.47
per share.
d. Under the terms of the Amended and Restated Agreement of
Limited Partnership of Fribourg Grandchildren Family L.P., Fribourg Enterprises,
LLC, the heirs of Michel Fribourg,
Page 7 of 10 Pages
and various trusts of the descendants of Michel Fribourg, have distribution
rights with respect to the income of the partnership.
e. On January 30, 2004, the reporting persons ceased to be the
beneficical owners of more than five percent of OSG Common Stock.
Page 8 of 10 Pages
SIGNATURE
---------
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this Statement is true, complete and
correct.
Dated: February 2, 2004
FRIBOURG GRANDCHILDREN FAMILY L.P.
By: Fribourg Enterprises, LLC, general partner
By: /s/ Mary Ann Fribourg
-----------------------------------------
Mary Ann Fribourg as
Trustee U/D/T dated 5/31/57 f/b/o Robert
Fribourg, a Managing Member
By: /s/ Paul Fribourg
-----------------------------------------
Paul Fribourg as
Trustee U/D/T dated 5/31/57 f/b/o Robert
Fribourg, a Managing Member
By: /s/ Morton I. Sosland
-----------------------------------------
Morton I. Sosland as
Trustee U/D/T dated 5/31/57 f/b/o Robert
Fribourg, a Managing Member
FRIBOURG ENTERPRISES, LLC
By: /s/ Mary Ann Fribourg
-----------------------------------------
Mary Ann Fribourg as
Trustee U/D/T dated 5/31/57 f/b/o Robert
Fribourg, a Managing Member
By: /s/ Paul Fribourg
-----------------------------------------
Paul Fribourg as
Trustee U/D/T dated 5/31/57 f/b/o Robert
Fribourg, a Managing Member
Page 9 of 10 Pages
By: /s/ Morton I. Sosland
-----------------------------------------
Morton I. Sosland as
Trustee U/D/T dated 5/31/57 f/b/o Robert
Fribourg, a Managing Member
Page 10 of 10 Pages