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

Role
Director
Signature
/s/ Roger W. Byrd, Attorney-in-Fact for Jason Griffin New
Issuer symbol
KODK
Transactions as of
16 May 2023
Net transactions value
$0
Form type
4
Filing time
18 May 2023, 17:49:37 UTC
Previous filing
03 May 2023
Next filing
23 Jun 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding KODK Common Stock, par value $.01 85,894 16 May 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 -22,075 -100% $0.000000* 0 16 May 2023 Common Stock, par value $.01 22,075 $0.000000 Direct F1
transaction KODK Phantom Stock Award $0 +22,075 $0.000000 22,075 16 May 2023 Common Stock, par value $.01 22,075 $0.000000 Direct F2
transaction KODK Restricted Stock Units Award $0 +23,365 $0.000000 23,365 17 May 2023 Common Stock, par value $.01 23,365 $0.000000 Direct F3
holding KODK Stock Option (Right to Buy) 21,081 16 May 2023 Common Stock, par value $.01 21,081 $3.03 Direct F4
holding KODK Stock Option (Right to Buy) 6,416 16 May 2023 Common Stock, par value $.01 6,416 $4.53 Direct F4
holding KODK Stock Option (Right to Buy) 6,416 16 May 2023 Common Stock, par value $.01 6,416 $6.03 Direct F4
holding KODK Stock Option (Right to Buy) 3,666 16 May 2023 Common Stock, par value $.01 3,666 $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.