Jason Griffin New - May 16, 2023 Form 4 Insider Report for EASTMAN KODAK CO (KODK)

Role
Director
Signature
/s/ Roger W. Byrd, Attorney-in-Fact for Jason Griffin New
Stock symbol
KODK
Transactions as of
May 16, 2023
Transactions value $
$0
Form type
4
Date filed
5/18/2023, 05:49 PM
Previous filing
May 3, 2023
Next filing
Jun 23, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding KODK Common Stock, par value $.01 85.9K May 16, 2023 Direct

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 -22.1K -100% $0.00* 0 May 16, 2023 Common Stock, par value $.01 22.1K $0.00 Direct F1
transaction KODK Phantom Stock Award $0 +22.1K $0.00 22.1K May 16, 2023 Common Stock, par value $.01 22.1K $0.00 Direct F2
transaction KODK Restricted Stock Units Award $0 +23.4K $0.00 23.4K May 17, 2023 Common Stock, par value $.01 23.4K $0.00 Direct F3
holding KODK Stock Option (Right to Buy) 21.1K May 16, 2023 Common Stock, par value $.01 21.1K $3.03 Direct F4
holding KODK Stock Option (Right to Buy) 6.42K May 16, 2023 Common Stock, par value $.01 6.42K $4.53 Direct F4
holding KODK Stock Option (Right to Buy) 6.42K May 16, 2023 Common Stock, par value $.01 6.42K $6.03 Direct F4
holding KODK Stock Option (Right to Buy) 3.67K May 16, 2023 Common Stock, par value $.01 3.67K $12.00 Direct F4
* 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. Upon vesting on 5/16/2023, Mr. New deferred the receipt of 22,075 shares of common stock and received instead 22,075 shares of phantom stock pursuant to the terms of the Eastman Kodak Company Deferred Compensation Plan for Directors (the "Plan"). As a result, Mr. New is reporting the disposition of 22,075 shares of common stock in exchange for an equal number of shares of phantom stock under the Plan.
F2 Each share of phantom stock represents a right to receive one share of common stock and becomes payable at the election of Mr. New 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.
F3 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 2024 annual meeting of shareholders.
F4 This option has fully vested as of the date of this report.