Philippe D. Katz - 17 May 2022 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
Issuer symbol
KODK
Transactions as of
17 May 2022
Net transactions value
$0
Form type
4
Filing time
19 May 2022, 16:33:44 UTC
Previous filing
20 May 2021
Next filing
21 Feb 2023
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 Award $0 +11,000 +8.4% $0.000000 142,496 18 May 2022 Direct F1
holding KODK Common Stock, par value $.01 2,522,011 17 May 2022 Owned by KF Investors LLC F2
holding KODK Common Stock, par value $.01 1,569,870 17 May 2022 Owned by Momar Corporation F3
holding KODK Common Stock, par value $.01 7,598 17 May 2022 Owned by United Equities Commodities Company F4
holding KODK Common Stock, par value $.01 87,720 17 May 2022 Owned by Marneu Holding Company F5
holding KODK Common Stock, par value $.01 48,875 17 May 2022 Owned by 111 John Realty Corp. F6

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 Disposed to Issuer $0 -10,000 -100% $0.000000* 0 17 May 2022 Common Stock, par value $.01 10,000 $0.000000 Direct F7
transaction KODK Phantom Stock Award $0 +10,000 +20% $0.000000 60,510 17 May 2022 Common Stock, par value $.01 10,000 $0.000000 Direct F8
transaction KODK Restricted Stock Units Award $0 +22,075 $0.000000 22,075 18 May 2022 Common Stock, par value $.01 22,075 $0.000000 Direct F9
holding KODK Stock Option (Right to Buy) 25,297 17 May 2022 Common Stock, par value $.01 25,297 $3.03 Direct F10
holding KODK Stock Option (Right to Buy) 7,699 17 May 2022 Common Stock, par value $.01 7,699 $4.53 Direct F10
holding KODK Stock Option (Right to Buy) 7,699 17 May 2022 Common Stock, par value $.01 7,699 $6.03 Direct F10
holding KODK Stock Option (Right to Buy) 4,400 17 May 2022 Common Stock, par value $.01 4,400 $12.00 Direct F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This restricted stock award was granted under the Company's Omnibus Incentive Plan, in a transaction exempt under Rule 16b-3 and, except as otherwise provided in the award notice, vests in four equal installments on August 17, 2022, November 17, 2022, February 17, 2023 and the day immediately preceding the Company's 2023 annual meeting of shareholders, with pro rata vesting upon Mr. Katz's separation from service prior to vesting.
F2 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.
F3 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.
F4 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.
F5 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.
F6 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.
F7 These restricted stock units convert into common stock on a one-for-one basis. Upon vesting on 5/17/2022, Mr. Katz deferred the receipt of 10,000 shares of common stock and received instead 10,000 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 10,000 shares of common stock in exchange for an equal number of shares of phantom stock under the Plan.
F8 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.
F9 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 2023 annual meeting of shareholders.
F10 This option has fully vested as of the date of this report.