UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 7)
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 12, 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 [_].
Page 1 of 10 Pages
--------------------------------------------------------------------------------
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
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY -0-
OWNED ------------------------------------------------
BY EACH 8 SHARED VOTING POWER
REPORTING
PERSON 2,105,741
WITH ------------------------------------------------
9 SOLE DISPOSITIVE POWER
-0-
------------------------------------------------
10 SHARED DISPOSITIVE POWER
2,105,741
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,105,741
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.90%
--------------------------------------------------------------------------------
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
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY -0-
OWNED ------------------------------------------------
BY EACH 8 SHARED VOTING POWER
REPORTING
PERSON 2,105,741
WITH ------------------------------------------------
9 SOLE DISPOSITIVE POWER
-0-
------------------------------------------------
10 SHARED DISPOSITIVE POWER
2,105,741
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,105,741
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.90%
--------------------------------------------------------------------------------
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
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY -0-
OWNED ------------------------------------------------
BY EACH 8 SHARED VOTING POWER
REPORTING
PERSON 2,105,741
WITH ------------------------------------------------
9 SOLE DISPOSITIVE POWER
-0-
------------------------------------------------
10 SHARED DISPOSITIVE POWER
2,105,741
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,105,741
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.90%
--------------------------------------------------------------------------------
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
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 2,105,741
OWNED ------------------------------------------------
BY EACH 8 SHARED VOTING POWER
REPORTING
PERSON -0-
WITH ------------------------------------------------
9 SOLE DISPOSITIVE POWER
2,105,741
------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,105,741
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.90%
--------------------------------------------------------------------------------
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
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 2,105,741
OWNED ------------------------------------------------
BY EACH 8 SHARED VOTING POWER
REPORTING
PERSON -0-
WITH ------------------------------------------------
9 SOLE DISPOSITIVE POWER
2,105,741
------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,105,741
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.90%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
--------------------------------------------------------------------------------
Page 6 of 10 Pages
This Amendment No. 7 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
and Amendment No. 6, dated November 11, 2003 (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 2,105,741 shares of OSG Common Stock that are beneficially owned constitutes
approximately 5.90% 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 2,105,741 shares and each of the above individuals
have shared voting and dispositive power with respect to the 2,105,741 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
---- ---------------- ---------------
11/10/2003 10,000 28.5378
11/11/2003 10,000 28.2500
11/13/2003 10,000 28.3464
11/17/2003 10,000 27.0679
11/18/2004 10,000 27.8800
11/19/2003 10,000 28.3500
11/19/2003 10,000 28.5000
11/21/2003 5,000 28.0916
11/21/2003 5,000 28.1186
11/24/2003 10,000 28.2540
11/24/2003 10,000 28.5000
11/25/2003 10,000 28.6003
11/25/2003 10,000 28.9838
11/26/2003 10,000 29.0000
12/1/2003 10,000 27.9762
12/2/2003 10,000 28.7378
12/2/2003 10,000 29.0000
12/3/2003 10,000 29.0463
12/3/2003 10,000 29.1617
12/4/2003 10,000 29.4733
12/4/2003 10,000 29.5000
12/4/2003 10,000 29.7838
Page 7 of 10 Pages
DATE NUMBER OF SHARES PRICE PER SHARE
---- ---------------- ---------------
12/5/2003 10,000 30.2565
12/5/2003 10,000 30.2506
12/19/2003 7,500 33.3339
12/22/2003 7,500 33.6625
12/23/2003 7,500 34.2707
12/24/2003 7,500 34.5881
12/26/2003 7,500 34.3855
12/29/2003 7,500 35.1079
12/30/2003 7,500 34.8833
12/31/2003 7,500 34.4793
1/2/2004 7,500 34.1247
1/5/2004 7,500 34.7840
1/6/2004 7,500 34.4865
1/7/2004 7,500 34.9625
1/8/2004 7,500 35.3280
1/9/2004 7,500 34.8153
1/12/2004 7,500 34.8077
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, and various trusts of the descendants of
Michel Fribourg, have distribution rights with respect to the income of the
partnership.
e. Not applicable.
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: January 12, 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