OVERSEAS SHIPHOLDING GROUP

CUSIP: 690368105 Class: COMMON STOCK

RATIONAL ADVISORS LLC's Holding History (CIK: 0001143565)

Note: Option positions (PUT/CALL) are excluded.

Q2 2011
Shares 15,000 Value ($000) $404 Avg Close — Range —
Q1 2011
Shares 15,000 Value ($000) $482 Avg Close — Range —
Q4 2010
Shares 15,000 Value ($000) $531 Avg Close — Range —
Q1 2010
Shares 28,000 Value ($000) $1,098 Avg Close — Range —
Q4 2009
Shares 43,900 Value ($000) $1,929 Avg Close — Range —
Q3 2009
Shares 28,000 Value ($000) $1,046 Avg Close — Range —
Q2 2009
Shares 28,000 Value ($000) $953 Avg Close — Range —
Q1 2009
Shares 23,000 Value ($000) $521 Avg Close — Range —