William G. Parrett - 18 May 2021 Form 4 Insider Report for EASTMAN KODAK CO (KODK)

Role
Director
Signature
/s/ Roger W. Byrd, Attorney-in-fact for William G. Parrett
Issuer symbol
KODK
Transactions as of
18 May 2021
Net transactions value
$0
Form type
4
Filing time
20 May 2021, 19:17:52 UTC
Previous filing
02 Jun 2021
Next filing
14 Sep 2021
SEC
View on sec.gov

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 +4,128 +14% $0.000000 32,817 18 May 2021 Direct F1

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 -4,128 -52% $0.000000 3,781 18 May 2021 Common Stock, par value $.01 4,128 $0.000000 Direct F1
transaction KODK Restricted Stock Units Disposed to Issuer $0 -3,781 -100% $0.000000* 0 18 May 2021 Common Stock, par value $.01 3,781 $0.000000 Direct F1, F2
transaction KODK Phantom Stock Award $0 +3,781 +2.2% $0.000000 175,846 18 May 2021 Common Stock, par value $.01 3,781 $0.000000 Direct F3
holding KODK Stock Option (Right to Buy) 25,297 18 May 2021 Common Stock, par value $.01 25,297 $3.03 Direct F4
holding KODK Stock Option (Right to Buy) 7,699 18 May 2021 Common Stock, par value $.01 7,699 $4.53 Direct F4
holding KODK Stock Option (Right to Buy) 7,699 18 May 2021 Common Stock, par value $.01 7,699 $6.03 Direct F4
holding KODK Stock Option (Right to Buy) 4,400 18 May 2021 Common Stock, par value $.01 4,400 $12.00 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

William G. Parrett is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 These restricted stock units convert into common stock on a one-for-one basis.
F2 Upon vesting on 5/18/2021, Mr. Parrett 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. Parrett 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.
F3 Each share of phantom stock represents a right to receive one share of common stock and becomes payable at the election of Mr. Parrett 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.
F4 This option has fully vested as of the date of this report.