Philippe D. Katz - May 18, 2021 Form 4 Insider Report for EASTMAN KODAK CO (KODK)

Role
Director, 10%+ Owner
Signature
/s/ Roger W. Byrd, Attorney-in-fact for Philippe D. Katz
Stock symbol
KODK
Transactions as of
May 18, 2021
Transactions value $
$0
Form type
4
Date filed
5/20/2021, 07:05 PM
Next filing
May 19, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KODK Common Stock, par value $.01 Options Exercise $0 +4.13K +3.55% $0.00 120K May 18, 2021 Direct F1
transaction KODK Common Stock, par value $.01 Award $0 +11K +9.13% $0.00 131K May 19, 2021 Direct F2
holding KODK Common Stock, par value $.01 2.52M May 18, 2021 Owned by KF Investors LLC F3
holding KODK Common Stock, par value $.01 1.57M May 18, 2021 Owned by Momar Corporation F4
holding KODK Common Stock, par value $.01 7.6K May 18, 2021 Owned by United Equities Commodities Company F5
holding KODK Common Stock, par value $.01 87.7K May 18, 2021 Owned by Marneu Holding Company F6
holding KODK Common Stock, par value $.01 48.9K May 18, 2021 Owned by 111 John Realty Corp. F7

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction KODK Restricted Stock Units Options Exercise $0 -4.13K -52.19% $0.00 3.78K May 18, 2021 Common Stock, par value $.01 4.13K $0.00 Direct F1
transaction KODK Restricted Stock Units Disposed to Issuer $0 -3.78K -100% $0.00* 0 May 18, 2021 Common Stock, par value $.01 3.78K $0.00 Direct F1, F8
transaction KODK Phantom Stock Award $0 +3.78K +8.09% $0.00 50.5K May 18, 2021 Common Stock, par value $.01 3.78K $0.00 Direct F9
transaction KODK Restricted Stock Units Award $0 +10K $0.00 10K May 19, 2021 Common Stock, par value $.01 10K $0.00 Direct F10
holding KODK Stock Option (Right to Buy) 25.3K May 18, 2021 Common Stock, par value $.01 25.3K $3.03 Direct F11
holding KODK Stock Option (Right to Buy) 7.7K May 18, 2021 Common Stock, par value $.01 7.7K $4.53 Direct F11
holding KODK Stock Option (Right to Buy) 7.7K May 18, 2021 Common Stock, par value $.01 7.7K $6.03 Direct F11
holding KODK Stock Option (Right to Buy) 4.4K May 18, 2021 Common Stock, par value $.01 4.4K $12.00 Direct F11
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These restricted stock units convert into common stock on a one-for-one basis.
F2 This restricted stock award was granted under the Company's 2013 Omnibus Incentive Plan, as amended, in a transaction exempt under Rule 16b-3 and, except as otherwise provided in the award notice, vests in four equal installments on August 18, 2021, November 18, 2021, February 18, 2022 and the day immediately preceding the Company's 2022 annual meeting of shareholders, with pro rata vesting upon Mr. Katz's separation from service prior to vesting.
F3 Mr. Katz disclaims beneficial ownership of the securities held by KF Investors LLC, an entity of which Mr. Katz is a managing member, except to the extent of his pecuniary interest therein.
F4 Mr. Katz disclaims beneficial ownership of the securities held by Momar Corporation, an entity in which Mr. Katz has an ownership interest, except to the extent of his pecuniary interest therein.
F5 Mr. Katz disclaims beneficial ownership of the securities held by United Equities Commodities Company, an entity of which Mr. Katz is a general partner, except to the extent of his pecuniary interest therein.
F6 Mr. Katz disclaims beneficial ownership of the securities held by Marneu Holding Company, an entity of which Mr. Katz is a partner, except to the extent of his pecuniary interest therein.
F7 Mr. Katz disclaims beneficial ownership of the securities held by 111 John Realty Corp., an entity in which Mr. Katz has an ownership interest, except to the extent of his pecuniary interest therein.
F8 Upon vesting on 5/18/2021, Mr. Katz deferred the receipt of 3,781 shares of common stock and received instead 3,781 shares of phantom stock pursuant to the terms of the Eastman Kodak Company Deferred Compensation Plan for Directors (the "Plan"). As a result, Mr. Katz is reporting the disposition of 3,781 shares of common stock in exchange for an equal number of shares of phantom stock under the Plan.
F9 Each share of phantom stock represents a right to receive one share of common stock and becomes payable at the election of Mr. Katz in the year following the year of his separation from service as a director in either a single lump sum payment or in a maximum of ten annual installments.
F10 These restricted stock units, which convert into common stock on a one-for-one basis, were granted under the Company's 2013 Omnibus Incentive Plan, as amended, in a transaction exempt under Rule 16b-3 and, except as otherwise provided in the award notice, vest on the day immediately preceding the Company's 2022 annual meeting of shareholders.
F11 This option has fully vested as of the date of this report.