CUSIP No. G39637205
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
 
Under the Securities Exchange Act of 1934
(Amendment No. 3)*
 
Golden Ocean Group Ltd.
(Name of Issuer)

Common Stock, par value $0.05 per share
(Title of Class of Securities)

G39637205
(CUSIP Number)

December 31, 2019
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this schedule is filed:

☐ 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 disclosures provided in a prior cover page.

The information required on 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).


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1            NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Folketrygdfondet
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
Norway


NUMBER OF SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
5            SOLE VOTING POWER
7,638,154 Common Shares
6            SHARED VOTING POWER
0
7            SOLE DISPOSITIVE POWER
7,638,154 Common Shares
8            SHARED DISPOSITIVE POWER
0
9            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
7,638,154 Common Shares
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)
5.3%(1)
12          TYPE OF REPORTING PERSON
OO
(1) Based on 144,272,697 Common Shares outstanding as of September 30, 2019, as reported on Form 6-K submitted by the Issuer to the Securities and Exchange Commission on November 21, 2019.




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Item 1.

(a)
Name of Issuer:
Golden Ocean Group Ltd.


(b)
Address of Issuer’s Principal Executive Offices:
Par-la-Ville Place
14 Par-la-Ville Road,
Hamilton, HM 08, Bermuda

Item 2.

(a)
Name of Person Filing:
Folketrygdfondet


(b)
Address of Principal Business Office:
Haakon VII's Gate 2
P.O. Box 1845 Vika
0123 Oslo
Norway


(c)
Citizenship:
Norway


(d)
Title of Class of Securities:
Common Shares


(e)
CUSIP Number:
G39637205

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:

Not applicable.


(a)
☐ Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).

(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).

(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).

(e)
An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E).

(f)
An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F).

(g)
A parent holding company or control person in accordance with §240.13d-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 (15 U.S.C. 80a-3).

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

CUSIP No. G39637205
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(k)
Group, in accordance with §240.13d–1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with §240.13d–1(b)(1)(ii)(J), please specify the type of institution:__________________________.

Item 4.
Ownership.

Amount beneficially owned:
7,638,154 Common Shares


(b)
Percent of class:
5.3%


(c)
Number of shares as to which the person has:


(i)
Sole power to vote or to direct the vote
7,638,154 Common Shares


(ii)
Shared power to vote or to direct the vote
0


(iii)
Sole power to dispose or to direct the disposition of
7,638,154 Common Shares


(iv)
Shared power to dispose or to direct the disposition of
0

Item 5.
Ownership of Five Percent or Less of a Class.

Not applicable.

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 a 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 not acquired and are not held for the purpose of or with the effect of changing or influencing 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 that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

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After reasonable inquiry and to the best of my knowledge and believe, I certify that the information set forth in this statement is true, complete and correct.

Dated: February 11, 2020
Folketrygdfondet
 
 
By: /s/ Christina Stray
 
 
Name: Christina Stray
 
 
Title: General Counsel