UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
May 9, 2011
Date of Report (Date of Earliest Event Reported)
Commission file number – 001-10852
INTERNATIONAL SHIPHOLDING CORPORATION
(Exact name of registrant as specified in its charter)
Delaware 36-2989662
(State or other jurisdiction of (I.R.S. Employer Identification Number)
incorporation or organization)
11 North Water Street, Suite 18290 Mobile, Alabama 36602
(Address of principal executive offices) (Zip Code)
(251) 243-9100
(Registrant’s telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act
Item 8.01. Other Events
International Shipholding Corporation (ISH) announced today the filing of SEC Form 4 in connection with the following transactions related to the estate planning needs of the company’s former chairmen:
Niels W. Johnsen, ISH chairman from 1979 to 2003, has transferred 642,485 of directly owned ISH shares to a Trust, of which he and Niels M. Johnsen, current Chairman and Chief Executive Officer of ISH, are trustees and indirect owners of the aggregate 642,485 shares in the Trust. In connection with this transaction, the Trust will file Form 13D showing its ownership of ISH. Further, Erik F. Johnsen, a director of the company and its chairman from 2003 to 2007, sold shares in the open market as part of a plan to sell 114,000 directly owned ISH shares for estate planning purposes. Upon the completion of these transactions, the Johnsen family’s aggregate ownership stake in ISH (including indirectly and directly owned shares) is approximately 23%.
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
INTERNATIONAL SHIPHOLDING CORPORATION
/s/ Manuel G. Estrada
_____________________________________________
Manuel G. Estrada
Vice President and Chief Financial Officer
Date: May 12, 2011