Seizert/Diana Shipping SC 13G - 02/13/12

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934
(Amendment No.     )*

DIANA SHIPPING INC.

(Name of Issuer)

 

 

Common Stock

(Title of Class of Securities)

 

 

Y2066G104

(CUSIP Number)

 

 

December 31, 2011

(Date of Event Which Requires Filing of this Statement)



Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

                              [X] Rule 13d-1(b)
                              [  ] Rule 13d-1(c)
                              [  ] Rule 13d-1(d)



* The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).












Page 1 of 6 pages




CUSIP No. Y2066G104

(1)

Names of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)

 

 

 

Seizert Capital Partners, LLC

 

 


(2)

Check the Appropriate Box if a Member of a Group (see instructions)

 

 

(a)

[   ]

 

 

(b)

[   ]

 

 


(3)

SEC Use Only

 

 


(4)

Citizenship or Place of Organization

 

 

 

Delaware

 

 


 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person
With

(5)

Sole Voting Power

2,774,156

 

 

 

 

 

 

 

 

 

 

 

 

(6)

Shared Voting Power

0

 

 

 

 

 

 

 

 

 

 

 

 

(7)

Sole Dispositive Power

5,219,824

 

 

 

 

 

 

 

 

 

 

 

 

(8)

Shared Dispositive Power

0

 

 

 

 

 

 

 


(9)

Aggregate Amount Beneficially Owned by Each Reporting Person

 

 

 

5,219,824

 

 


(10)

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (see instructions)

[   ]

 

 


(11)

Percent of Class Represented by Amount in Row (9)

 

 

 

6.3%

 

 


(12)

Type of Reporting Person (see instructions)

 

 

 

IA

 

 





Page 2 of 6 pages




Item 1(a).

Name of Issuer:

 

 

 

Diana Shipping Inc.

 

 

Item 1(b).

Address of Issuer's Principal Executive Offices:

 

 

 

Pendelis 16
17564 Palaio Faliro
Athens, Greece

 

 

Item 2(a).

Name of Person Filing:

 

 

 

Seizert Capital Partners, LLC

 

 

Item 2(b).

Address of Principal Business Office or, if none, Residence:

 

 

 

185 Oakland Avenue
Suite 100
Birmingham, MI 48009

 

 

Item 2(c).

Citizenship:

 

 

 

Delaware

 

 

Item 2(d).

Title of Class of Securities:

 

 

 

Common Stock

 

 

Item 2(e).

CUSIP Number:

 

 

 

Y2066G104

















Page 3 of 6 pages




Item 3.

If this Statement is filed pursuant to 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:


 

(a)

[  ]

Broker or dealer registered under Section 15 of the Act;

 

 

 

 

 

(b)

[  ]

Bank as defined in Section 3(a)(6) of the Act;

 

 

 

 

 

(c)

[  ]

Insurance company as defined in Section 3(a)(19) of the Act;

 

 

 

 

 

(d)

[  ]

Investment company registered under Section 8 of the Investment Company Act of 1940;

 

 

 

 

 

(e)

[X]

An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);

 

 

 

 

 

(f)

[  ]

An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F);

 

 

 

 

 

(g)

[  ]

A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G);

 

 

 

 

 

(h)

[  ]

A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

 

 

 

 

 

(i)

[  ]

A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940;

 

 

 

 

 

(j)

[  ]

A non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J);

 

 

 

 

 

(k)

[  ]

Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J), please specify the type of institution:


Item 4.

Ownership.

          Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

 

(a)

Amount Beneficially Owned:

5,219,824 shares

 

 

 

 

 

(b)

Percent of Class:

6.3%

 

 

 

 

 

(c)

Number of shares as to which such person has:

 

 

 

 

 

 

 

(i)

Sole power to vote or to direct the vote

2,774,156 shares

 

 

 

 

 

 

 

(ii)

Shared power to vote or to direct the vote

0 shares

 

 

 

 

 

 

 

(iii)

Sole power to dispose or to direct the disposition of

5,219,824 shares

 

 

 

 

 

 

 

(iv)

Shared power to dispose or to direct the disposition of

0 shares






Page 4 of 6 pages




Item 5.

Ownership of Five Percent or Less of a Class.

 

 

 

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following o.

 

 

Item 6.

Ownership of More than Five Percent on Behalf of Another Person.

 

 

 

Not applicable.

 

 

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company.

 

 

 

Not applicable.

 

 

Item 8.

Identification and Classification of Members of the Group.

 

 

 

Not applicable.

 

 

Item 9.

Notice of Dissolution of Group.

 

 

 

Not applicable.

 

 

Item 10.

Certification.

 

 

 

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of and do not have the effect of changing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having such purpose or effect for the time being.

















Page 5 of 6 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.

 

FEBRUARY 10, 2012

 

Date

 

 

 

/s/ Cheryl A. Kotlarz

 

Signature

 

 

 

Chief Compliance Officer

 

Name/Title




























Page 6 of 6 pages




Instructions

(1) Names of Reporting Persons---Furnish the full legal name of each person for whom the report is filed--i.e. each person required to sign the schedule itself--including each member of a group. Do not include the name of a person required to be identified in the report but who is not a reporting person.

(2) If any of the shares beneficially owned by a reporting person are held as a member of a group and that membership is expressly affirmed, please check row 2(a). If the reporting person disclaims membership in a group or describes a relationship with other person but does not affirm the existence of a group, please check row 2(b) [unless it is a joint filing pursuant to Rule 13d-1(k)(1) in which case it may not be necessary to check row 2(b)].

(3) The third row is for SEC internal use; please leave blank.

(4) Citizenship or Place of Organization---Furnish citizenship if the named reporting person is a natural person. Otherwise, furnish place of organization.

(5)-(9), (11) Aggregated Amount Beneficially Owned By Each Reporting Person, etc.---Rows (5) through (9) inclusive, and (11) are to be completed in accordance with the provisions of Item 4 of Schedule 13G. All percentages are to be rounded off to the nearest tenth (one place after decimal point).

(10) Check if the aggregate amount reported as beneficially owned in row 9 does not include shares as to which beneficial ownership is disclaimed pursuant to Rule 13d-4 under the Securities Exchange Act of 1934.

(12) Type of Reporting Person---Please classify each "reporting person" according to the following breakdown (see Item 3 of Schedule 13G) and place the appropriate symbol on the form:

 

Category

Symbol

 

 

Broker Dealer

BD

 

 

Bank

BK

 

 

Insurance Company

IC

 

 

Investment Company

IV

 

 

Investment Adviser

IA

 

 

Employee Benefit Plan or Endowment Fund

EP

 

 

Parent Holding Company/Control Person

HC

 

 

Savings Association

SA

 

 

Church Plan

CP

 

 

Corporation

CO

 

 

Partnership

PN

 

 

Individual

IN

 

 

Non-U.S. Institution

FI

 

 

Other

OO

 

Notes:

Attach as many copies of the second part of the cover page as are needed, one reporting person per page.

Filing persons may, in order to avoid unnecessary duplication, answer items on the schedules (Schedule 13D, 13G, or TO) by appropriate cross references to an item or items on the cover page(s). This approach may only be used where the cover page item or items provide all the disclosure required by the schedule item. Moreover, such a use of a cover page item will result in the item becoming a part of the schedule and accordingly being considered as "filed" for purposes of Section 18 of the Securities Exchange Act or otherwise subject to the liabilities of that section of the Act.

Reporting persons may comply with their cover page filing requirements by filing either completed copies of the blank forms available from the Commission, printed or typed facsimiles, or computer printed facsimiles, provided the documents filed have identical formats to the forms prescribed in the Commission's regulations and meet existing Securities Exchange Act rules as to such matters as clarity and size (Securities Exchange Act Rule 12b-12).

Instruction Page