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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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FORM 144
NOTICE OF PROPOSED SALE OF SECURITIES
PURSUANT TO RULE 144 UNDER THE SECURITIES
ACT OF 1933
ATTENTION: Transmit for filing 3 copies of this form concurrently with either
placing an order with a broker to execute sale or executing a sale
directly with a market maker.
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1. (a) NAME OF ISSUER (Please type or print)
Nordic American Tanker Shipping Ltd.
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(b) IRS IDENT. NO.
N/A
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(c) S.E.C. FILE NO.
033-96268033-96268
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(d) ADDRESS OF ISSUER
Cedar House, 41 Cedar Ave., P.O. Box HM1179, Hamilton HM EX, BermudaCedar
House, 41 Cedar Ave., P.O. Box HM1179, Hamilton HM EX, Bermuda
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(STREET) (CITY) (STATE) (ZIP CODE)
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(e) TELEPHONE NO.
(809) 295-2244(809) 295-2244
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(AREA CODE) (NUMBER)
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2. (a) NAME OF PERSON FOR WHOSE ACCOUNT THE SECURITIES ARE TO BE SOLD
Ugland Nordic Shipping ASAUgland Nordic Shipping ASA
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(b) SOCIAL SECURITY NO. OR I.R.S. IDENT. NO.
N/A
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(c) RELATIONSHIP TO ISSUER
Manager
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(d) ADDRESS
P.O. Box 54, 3201 Sandefjord, Norway
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(STREET) (CITY) (STATE) (ZIP CODE)
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INSTRUCTION: The person filing this notice should contact the issuer to obtain
the I.R.S. Identification Number and the S.E.C. File Number.
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3(a) (b) (c) (d)
Title of the Name and Address of S.E.C. USE ONLY Number of Aggregate
Class of Each Broker Through ----- Shares or Market
Securities Whom the Securities Broker-Dealer Other Units Value
To Be Sold are to be Offered or File Number To Be Sold (See
Each Market Maker (See instr. instr.
who is Acquiring 3(c)) 3(d))
the Securities
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Lazard Freres & Co. LLC 366,225
common 30 Rockefeller Center
New York, NY 10020
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(e) (f) (g)
Number of Shares Approximate Date Name of Each
or Other Units of Sale (See Securities
Outstanding instr. 3(f)) Exchange
(See instr. 3(e)) (MO., DAY, YR.) (See instr. 3(g))
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9,706,606 10/30/00 AMEX
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INSTRUCTIONS:
1. (a) Name of issuer
(b) Issuer's I.R.S. Identification Number
(c) Issuer's S.E.C. file number, if any
(d) Issuer's address, including zip code
(e) Issuer's telephone number, including area code
2. (a) Name of person for whose account the securities are
to be sold
(b) Such person's Social Security or I.R.S.
identification number
(c) Such person's relationship to the issuer (e.g.,
officer, director, 10% stockholder, or member
of immediate family of any of the foregoing)
(d) Such person's address, including zip code
3. (a) Title of the class of securities to be sold
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(b) Name and address of each broker through whom the
securities are intended to be sold
(c) Number of shares or other units to be sold (if debt
securities, give the aggregate face amount)
(d) Aggregate market value of the securities to be sold
as of a specified date within 10 days prior to the
filing of this notice
(e) Number of shares or other units of the class
outstanding, or if debt securities the face amount
thereof outstanding, as shown by the most recent
report or statement published by the issuer
(f) Approximate date on which the securities are to be
sold
(g) Name of each securities exchange, if any, on which
the securities are intended to be sold
(8/96)
3
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TABLE I--SECURITIES TO BE SOLD
Furnish the following information with respect to the acquisition of the
securities to be sold and with respect to the payment of all or any part
of the purchase price or other consideration therefor:
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Title Date You Nature of Name of Amount of Date of Nature
of the Acquired Acquisition Person Securities Payment of Payment
Class From Whom Acquired
Acquiried
(If gift,
also give
date donor
acquired)
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common 10/1/97 purchase issuer 381,925 10/1/97 cash
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INSTRUCTIONS:
1. If the securities were purchased and full payment therefor was not made in
cash at the time of purchase, explain in the table or in a note thereto
the nature of the consideration given. If the consideration consisted of
any note or other obligation, or if payment was made in installments
describe the arrangement and state when the note or other obligation was
discharged in full or the last installment paid.
2. If within two years after the acquisition of the securities the person for
whose account they are to be sold had any short positions, put or other
option to dispose of securities referred to in paragraph (d)(3) of Rule
144, furnish full information with respect thereto.
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TABLE II--SECURITIES SOLD DURING THE PAST 3 MONTHS
Furnish the following information as to all securities of the issuer
sold during the past 3
months by the person for whose account the securities are to be sold.
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Name and Address Title of Date of Sale Amount of Gross
Securities Securities Proceeds
Sold Sold
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REMARKS:
INSTRUCTIONS:
See the definition of "person" in paragraph (a) of Rule 144. Information is to
be given not only as to the person for whose account the securities are to be
sold but also as to all other persons included in that definition. In
addition, information shall be given as to sales by all persons whose sales
are required by paragraph (e) of Rule 144 to be aggregated with sales for the
account of the person filing this notice.
6/20/2000
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DATE OF NOTICE
ATTENTION:
The person for whose account the securities to which this notice relates are
to be sold hereby represents by signing this notice that he does not know any
material adverse information in regard to the current and prospective
operations of the Issuer of the securities to be sold which has not been
publicly disclosed.
BY: /s/ Ugland Nordic Shipping ASA
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(SIGNATURE)
The notice shall be signed by the person for whose account the securities are
to be sold. At least one copy of the notice shall be manually signed. Any
copies not manually signed shall bear typed or printed signatures.
ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSION OF FACTS CONSTITUTE FEDERAL
CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001).
(8/96)
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01318002.AY4
